$19,000
0.42 Acres
Land
Kathy L McLendon
Is Front Royal, 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, Front Royal has remained a Seller's Market.
Key Takeaway
Front Royal is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Front Royal, VA
How much do homes in Front Royal, VA cost?
Median Sold Price
$379,250
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,950(+8.6%)
Key Takeaway
Homes in Front Royal have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Front Royal was $379,250 in October 2024, up 8.6% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $205K | +7.9% |
| 2 Bedrooms | $249.9K | $250K | 0.0% |
| 3 Bedrooms | $350K | $385K | +10.0% |
| 4 Bedrooms | $388K | $422.4K | +8.9% |
| 5+ Bedrooms | $439K | $500K | +13.9% |
Summary: Front Royal housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes did not change, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 13.9%.
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% |
| Happy Creek | $379.9K | $400K | +5.3% |
| Shenandoah | $340K | $350.5K | +3.1% |
Housing Supply in Front Royal, VA
How many homes are available in Front Royal, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 165 | 194 | +17.6% |
Summary: The Front Royal real estate market had 194 homes for sale in October 2024, a 17.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 17 | 22 | +29.4% |
| 3 Bedrooms | 88 | 104 | +18.2% |
| 4 Bedrooms | 45 | 47 | +4.4% |
| 5+ Bedrooms | 14 | 20 | +42.9% |
Summary: The Front Royal 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 29.4%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 40 | +17.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Front Royal, you could pay more than the asking price. 37.5% of homes here sold above asking price last month.
Summary: A total of 40 homes were sold or pending in Front Royal in October 2024, up by 17.6% month-over-month. Of the 40 sold homes, 35% were sold under asking, 28% were sold at asking, and 38% were sold over asking.
Days on Market for Front Royal, VA
How long does it take to sell a home in Front Royal, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 39 Days | +13.8% |
Summary: Homes in Front Royal had an average of 39 days on market in Oct 2024, up by 13.8% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Front Royal are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 40 homes were sold in Front Royal; 57% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
