$5,344 Closing Credit*
$450,000
2,712 SqFt
4 Beds
•3 Full Baths, 1 Partial
Pam Lawrence, Listing Office: Hometown Realty
Is Caroline County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Caroline County has remained a Seller's Market.
Key Takeaway
Caroline County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Caroline County, VA
How much do homes in Caroline County, VA cost?
Median Sold Price
$350,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,100(+4.8%)
Key Takeaway
Homes in Caroline County have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Caroline County was $350,000 in October 2024, up 4.8% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | - | N/A |
| 2 Bedrooms | $235K | $238K | +1.3% |
| 3 Bedrooms | $307.1K | $327.9K | +6.8% |
| 4 Bedrooms | $378K | $398.6K | +5.5% |
| 5+ Bedrooms | $425.5K | $439.9K | +3.4% |
Summary: Caroline County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Counties
| Essex County | $275.8K | $308K | +11.6% |
| King George County | $429.9K | $460K | +7.0% |
| King William County | $330K | $347.5K | +5.3% |
| Caroline County | $333.9K | $350K | +4.8% |
| King and Queen County | $268.3K | $273.2K | +1.8% |
Housing Supply in Caroline County, VA
How many homes are available in Caroline County, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 171 | 183 | +7.0% |
Summary: The Caroline County real estate market had 183 homes for sale in October 2024, a 7.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 6 | +200.0% |
| 3 Bedrooms | 100 | 102 | +2.0% |
| 4 Bedrooms | 52 | 54 | +3.8% |
| 5+ Bedrooms | 17 | 21 | +23.5% |
Summary: The Caroline County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 35 | -20.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Caroline County, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Caroline County in October 2024, down by 20.5% month-over-month. Of the 35 sold homes, 40% were sold under asking, 23% were sold at asking, and 37% were sold over asking.
Days on Market for Caroline County, VA
How long does it take to sell a home in Caroline County, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 25 Days | -13.8% |
Summary: Homes in Caroline County had an average of 25 days on market in Oct 2024, down by 13.8% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Caroline County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 35 homes were sold in Caroline County; 71% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.