$10,000 Closing Credit*
$849,999
3,229 SqFt
4 Beds
•3 Full Baths, 2 Partial
Andrea Hidalgo, Listing Office: LPT Realty, LLC
Is Falmouth, 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, Falmouth has remained a Seller's Market.
Key Takeaway
Falmouth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Falmouth, VA
How much do homes in Falmouth, VA cost?
Median Sold Price
$440,500
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,050(+4.0%)
Key Takeaway
Homes in Falmouth have sold for 4% more than they did a year ago.
Summary: The median home sold price in Falmouth was $440,500 in November 2024, up 4% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $312K | $245K | -21.5% |
| 2 Bedrooms | $329.9K | $339K | +2.8% |
| 3 Bedrooms | $360K | $397K | +10.3% |
| 4 Bedrooms | $483K | $518K | +7.2% |
| 5+ Bedrooms | $585K | $575K | -1.7% |
Summary: Falmouth housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.5%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Aquia | $470K | $500.1K | +6.4% |
| Hartwood | $600K | $625K | +4.2% |
| Falmouth | $423.4K | $440.5K | +4.0% |
| Fredericksburg | $439.4K | $449.9K | +2.4% |
| George Washington | $441.6K | $428.5K | -3.0% |
Housing Supply in Falmouth, VA
How many homes are available in Falmouth, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 102 | 105 | +2.9% |
Summary: The Falmouth real estate market had 105 homes for sale in November 2024, a 2.9% increase 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 | 16 | 16 | 0.0% |
| 3 Bedrooms | 39 | 43 | +10.3% |
| 4 Bedrooms | 35 | 34 | -2.9% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Falmouth 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 remained the same, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 25 | -7.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Falmouth, you may be able to get a good deal. 56% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Falmouth in November 2024, down by 7.4% month-over-month. Of the 25 sold homes, 56% were sold under asking, 36% were sold at asking, and 8% were sold over asking.
Days on Market for Falmouth, VA
How long does it take to sell a home in Falmouth, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 25 Days | +15.3% |
Summary: Homes in Falmouth had an average of 25 days on market in Nov 2024, up by 15.3% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Falmouth are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 25 homes were sold in Falmouth; 80% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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