Is Cople, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cople is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Cople was a Seller's Market.

Key Takeaway

Cople is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Cople, VA

How much do homes in Cople, VA cost?

Median Sold Price

$339,900

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$59,955(+21.4%)

Key Takeaway

Homes in Cople have sold for 21.4% more than they did a year ago.

Summary: The median home sold price in Cople was $339,900 in October 2024, up 21.4% from last year, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $703K-
N/A
2 $149.5K$205K
+37.1%
3 $270K$321K
+18.9%
4 $392K$484.9K
+23.7%
5+ $465K$753K
+61.9%

Summary: Cople 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 37.1%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes increased by 61.9%.

Median Sold Price Compared To Nearby Cities

Hague
+46.4%
Cople
+21.4%

Housing Supply in Cople, VA

How many homes are available in Cople, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7273+1.4%

Summary: The Cople real estate market had 73 homes for sale in October 2024, a 1.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 31
-66.7%
3 4752
+10.6%
4 1716
-5.9%
5+ 43
-25.0%

Summary: The Cople 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 decreased by 66.7%, 3 bedroom homes increased by 10.6%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
129-25.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cople, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Cople in October 2024, down by 25.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.

Days on Market for Cople, VA

How long does it take to sell a home in Cople, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
50 Days67 Days+33.9%

Summary: Homes in Cople had an average of 67 days on market in Oct 2024, up by 33.9% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cople are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in Cople; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Cople, VA

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