$5,819 Closing Credit*
$490,000
3,424 SqFt
3 Beds
•3 Full Baths
Ralph Monaco, 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 October 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
$456,550
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,275(+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 $456,550 in October 2024, up 8.6% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $434K | N/A |
| 2 Bedrooms | $269.4K | $278K | +3.2% |
| 3 Bedrooms | $375K | $400K | +6.7% |
| 4 Bedrooms | $468.7K | $500K | +6.7% |
| 5+ Bedrooms | $535K | $515K | -3.7% |
Summary: Culpeper 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 3.2%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Salem | $300K | $341.6K | +13.9% |
| West Fairfax | $384.9K | $420K | +9.1% |
| Culpeper | $420.2K | $456.5K | +8.6% |
| Cedar Mountain | $450K | $484.9K | +7.8% |
| East Fairfax | $390K | $416K | +6.7% |
Housing Supply in Culpeper, VA
How many homes are available in Culpeper, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 173 | 166 | -4.0% |
Summary: The Culpeper real estate market had 166 homes for sale in October 2024, a 4.0% decrease 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 | 11 | 14 | +27.3% |
| 3 Bedrooms | 84 | 70 | -16.7% |
| 4 Bedrooms | 60 | 64 | +6.7% |
| 5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The Culpeper 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 27.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 | 45 | -22.4% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Culpeper, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 45 homes were sold or pending in Culpeper in October 2024, down by 22.4% month-over-month. Of the 45 sold homes, 36% were sold under asking, 24% were sold at asking, and 40% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 24 Days | +33.1% |
Summary: Homes in Culpeper had an average of 24 days on market in Oct 2024, up by 33.1% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 45 homes were sold in Culpeper; 73% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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. 
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved