$8,016 Closing Credit*
$675,000
3,248 SqFt
3 Beds
•3 Full Baths
Ruth D. Henriquez, Listing Office: International Real Estate Company
Is Fork, 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, Fork has remained a Seller's Market.
Key Takeaway
Fork is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fork, VA
How much do homes in Fork, VA cost?
Median Sold Price
$410,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$47,500(+13.1%)
Key Takeaway
Homes in Fork have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in Fork was $410,000 in October 2024, up 13.1% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $554K | N/A |
| 2 Bedrooms | $240.4K | $243.5K | +1.3% |
| 3 Bedrooms | $361K | $375K | +3.9% |
| 4 Bedrooms | $439.2K | $444.4K | +1.2% |
| 5+ Bedrooms | $489.9K | $559.9K | +14.3% |
Summary: Fork 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 1.3%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Cities
| North River | $330K | $384K | +16.4% |
| Fork | $362.5K | $410K | +13.1% |
| Front Royal | $349.3K | $379.2K | +8.6% |
| South River | $345K | $362.5K | +5.1% |
| Bentonville | $422.5K | $374.9K | -11.3% |
Housing Supply in Fork, VA
How many homes are available in Fork, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 45 | +12.5% |
Summary: The Fork real estate market had 45 homes for sale in October 2024, a 12.5% 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 | 4 | +100.0% |
| 3 Bedrooms | 25 | 26 | +4.0% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Fork 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 100%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fork, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Fork in October 2024, up by 37.5% month-over-month. Of the 11 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% were sold over asking.
Days on Market for Fork, VA
How long does it take to sell a home in Fork, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 79 Days | +945.5% |
Summary: Homes in Fork had an average of 79 days on market in Oct 2024, up by 945.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Fork are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 11 homes were sold in Fork; 27% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.
