$2,375 Closing Credit*
$199,995
1,414 SqFt
3 Beds
•1 Full Bath, 1 Partial
#9973819, Noelle Owens, Listing Office: Ridgeview Real Estate
Is Castlewood, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Castlewood was a Neutral Market.
Key Takeaway
Castlewood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Castlewood, VA
How much do homes in Castlewood, VA cost?
Median Sold Price
$119,750
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$25,250(-17.4%)
Key Takeaway
Homes in Castlewood have sold for 17.4% less than they did a year ago.
Summary: The median home sold price in Castlewood was $119,750 in November 2024, down 17.4% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $74.9K | $154K | +105.3% |
| 3 Bedrooms | $187K | $117K | -37.4% |
| 4 Bedrooms | $190K | $187.5K | -1.3% |
| 5+ Bedrooms | $174.9K | - | N/A |
Summary: Castlewood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 105.3%, 3 bedroom homes decreased by 37.4%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes did not change.
Housing Supply in Castlewood, VA
How many homes are available in Castlewood, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The Castlewood real estate market had 14 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Castlewood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Castlewood, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Castlewood in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Castlewood, VA
How long does it take to sell a home in Castlewood, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 116 Days | +169.8% |
Summary: Homes in Castlewood had an average of 116 days on market in Nov 2024, up by 169.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Castlewood are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in Castlewood; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
