$7,481 Closing Credit*
$630,000
2,314 SqFt
4 Beds
•3 Full Baths
Sherry Lee Santmyer, Listing Office: Hunt Country Sotheby's International Realty
Is Purcellville, 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, Purcellville has remained a Seller's Market.
Key Takeaway
Purcellville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Purcellville, VA
How much do homes in Purcellville, VA cost?
Median Sold Price
$821,825
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$71,825(+9.6%)
Key Takeaway
Homes in Purcellville have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Purcellville was $821,825 in October 2024, up 9.6% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $497.2K | $465K | -6.5% |
| 3 Bedrooms | $610K | $618.4K | +1.4% |
| 4 Bedrooms | $780.5K | $831K | +6.5% |
| 5+ Bedrooms | $882.5K | $1.0M | +19.0% |
Summary: Purcellville 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 decreased by 6.5%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 19%.
Median Sold Price Compared To Nearby Cities
| Blue Ridge | $748.3K | $825K | +10.2% |
| Purcellville | $750K | $821.8K | +9.6% |
Housing Supply in Purcellville, VA
How many homes are available in Purcellville, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 49 | +6.5% |
Summary: The Purcellville real estate market had 49 homes for sale in October 2024, a 6.5% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 12 | 16 | +33.3% |
| 4 Bedrooms | 22 | 19 | -13.6% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Purcellville 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Purcellville, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in Purcellville in October 2024, down by 6.7% month-over-month. Of the 14 sold homes, 21% were sold under asking, 57% were sold at asking, and 21% were sold over asking.
Days on Market for Purcellville, VA
How long does it take to sell a home in Purcellville, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 165 Days | +949.7% |
Summary: Homes in Purcellville had an average of 165 days on market in Oct 2024, up by 949.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Purcellville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Purcellville; 64% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
