$1,009 Closing Credit*
$85,000
1,920 SqFt
4 Beds
•3 Full Baths
#9972860, Danielle Wells, Listing Office: Park Hill Realty Group, LLC
Is Castlewood, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Castlewood was a Seller's 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 October 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 October 2024, down 17.4% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $74.9K | $154K | +105.3% |
| 3 Bedrooms | $146K | $117K | -19.9% |
| 4 Bedrooms | $190K | $187.5K | -1.3% |
| 5+ Bedrooms | $197.4K | - | N/A |
Summary: Castlewood 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 105.3%, 3 bedroom homes decreased by 19.9%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The Castlewood real estate market had 17 homes for sale in October 2024, a 6.3% 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 | 2 | 0.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Castlewood 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Castlewood, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Castlewood in October 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 59 Days | 23 Days | -60.6% |
Summary: Homes in Castlewood had an average of 23 days on market in Oct 2024, down by 60.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Castlewood are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Castlewood; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
