$200,000
2.02 Acres
Land
Lisa Shultz, Listing Office: Long & Foster Real Estate, Inc.
Is Lottsburg, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Lottsburg has remained a Seller's Market.
Key Takeaway
Lottsburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lottsburg, VA
How much do homes in Lottsburg, VA cost?
Median Sold Price
$699,000
$316/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$310,000(+79.7%)
Key Takeaway
Homes in Lottsburg have sold for 79.7% more than they did a month ago.
Summary: The median home sold price in Lottsburg was $699,000 in November 2024, up 79.7% from last month, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $389K | - | N/A |
| 3 Bedrooms | $200K | $699K | +249.5% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lottsburg housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 249.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Lottsburg, VA
How many homes are available in Lottsburg, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Summary: The Lottsburg real estate market had 9 homes for sale in November 2024, a 25.0% 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 | 2 | 0 | -100.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lottsburg 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 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lottsburg, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Lottsburg in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Lottsburg, VA
How long does it take to sell a home in Lottsburg, VA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 5 Days | -88.3% |
Summary: Homes in Lottsburg had an average of 5 days on market in Nov 2024, down by 88.3% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lottsburg are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Lottsburg; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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