$6,293 Closing Credit*
$529,900
2,950 SqFt
5 Beds
•3 Full Baths, 1 Partial
Judith Bell, Listing Office: Bill Dudley & Associates Real Estate, Inc
Is Luray, 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, Luray has remained a Seller's Market.
Key Takeaway
Luray is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Luray, VA
How much do homes in Luray, VA cost?
Median Sold Price
$269,900
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$5,100(-1.9%)
Key Takeaway
Homes in Luray have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Luray was $269,900 in October 2024, down 1.9% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $367.5K | +359.4% |
| 2 Bedrooms | $220K | $205K | -6.8% |
| 3 Bedrooms | $272.5K | $269.9K | -1.0% |
| 4 Bedrooms | $300K | $329.9K | +10.0% |
| 5+ Bedrooms | $950K | $667.4K | -29.7% |
Summary: Luray housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 359.4%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes decreased by 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 71 | 75 | +5.6% |
Summary: The Luray real estate market had 75 homes for sale in October 2024, a 5.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 28 | 32 | +14.3% |
| 4 Bedrooms | 26 | 27 | +3.8% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Luray housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 20 | +100.0% |
Asking Price vs. Sold Price
18 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. 90% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Luray in October 2024, up by 100.0% month-over-month. Of the 20 sold homes, 90% were sold under asking, 0% were sold at asking, and 10% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 81 Days | +166.6% |
Summary: Homes in Luray had an average of 81 days on market in Oct 2024, up by 166.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 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 October 2024, 20 homes were sold in Luray; 45% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 20% 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.