$5,308 Closing Credit*
$447,000
1,248 SqFt
3 Beds
•2 Full Baths, 1 Partial
Candice Southard, Listing Office: RE/MAX Gateway
Is Culpeper, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Culpeper has remained a Seller's Market.
Key Takeaway
Culpeper is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Culpeper, VA
How much do homes in Culpeper, VA cost?
Median Sold Price
$456,700
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$36,150(+8.6%)
Key Takeaway
Homes in Culpeper have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Culpeper was $456,700 in November 2024, up 8.6% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $434K | N/A |
| 2 Bedrooms | $269.9K | $275K | +1.9% |
| 3 Bedrooms | $375K | $389K | +3.7% |
| 4 Bedrooms | $469K | $505K | +7.7% |
| 5+ Bedrooms | $545K | $520K | -4.6% |
Summary: Culpeper 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 1.9%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 4.6%.
Median Sold Price Compared To Nearby Cities
| West Fairfax | $380K | $420K | +10.5% |
| Culpeper | $420.5K | $456.7K | +8.6% |
| Salem | $305K | $329.1K | +7.9% |
| Cedar Mountain | $450K | $484.9K | +7.8% |
Housing Supply in Culpeper, VA
How many homes are available in Culpeper, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 163 | 134 | -17.8% |
Summary: The Culpeper real estate market had 134 homes for sale in November 2024, a 17.8% 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 | 13 | 8 | -38.5% |
| 3 Bedrooms | 74 | 69 | -6.8% |
| 4 Bedrooms | 60 | 43 | -28.3% |
| 5+ Bedrooms | 16 | 14 | -12.5% |
Summary: The Culpeper 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 38.5%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 28.3%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 23 | -54.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Culpeper, expect to pay close to the asking price. 43.5% of homes here sold near the asking price last month.
Summary: A total of 23 homes were sold or pending in Culpeper in November 2024, down by 54.9% month-over-month. Of the 23 sold homes, 35% were sold under asking, 43% were sold at asking, and 22% were sold over asking.
Days on Market for Culpeper, VA
How long does it take to sell a home in Culpeper, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 42 Days | +90.7% |
Summary: Homes in Culpeper had an average of 42 days on market in Nov 2024, up by 90.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Culpeper are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 23 homes were sold in Culpeper; 65% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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