$5,926 Closing Credit*
$499,000
3,360 SqFt
3 Beds
•3 Full Baths, 1 Partial
Amy Fincham, Listing Office: United Real Estate Horizon
Is Luray, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Luray was a Seller's Market.
Key Takeaway
Luray is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Luray, VA
How much do homes in Luray, VA cost?
Median Sold Price
$269,450
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,550(-2.0%)
Key Takeaway
Homes in Luray have sold for 2% less than they did a year ago.
Summary: The median home sold price in Luray was $269,450 in November 2024, down 2% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184.9K | $400K | +116.3% |
| 2 Bedrooms | $220K | $203K | -7.7% |
| 3 Bedrooms | $272.5K | $269.4K | -1.1% |
| 4 Bedrooms | $300K | $329.9K | +10.0% |
| 5+ Bedrooms | $950K | $667.4K | -29.7% |
Summary: Luray housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 116.3%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 29.7%.
Housing Supply in Luray, VA
How many homes are available in Luray, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 68 | 58 | -14.7% |
Summary: The Luray real estate market had 58 homes for sale in November 2024, a 14.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 11 | 7 | -36.4% |
| 3 Bedrooms | 29 | 26 | -10.3% |
| 4 Bedrooms | 23 | 17 | -26.1% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Luray housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 36.4%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 26.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 4 | -80.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Luray, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Luray in November 2024, down by 80.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Luray, VA
How long does it take to sell a home in Luray, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 6 Days | -85.0% |
Summary: Homes in Luray had an average of 6 days on market in Nov 2024, down by 85% compared to last year.
Breakdown of Home Sale Times
4 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 Luray are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Luray; 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.
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.