$8,311 Closing Credit*
$699,900
2,016 SqFt
3 Beds
•3 Full Baths
Michelle Wilson, Listing Office: CENTURY 21 New Millennium
Is Spotsylvania, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Spotsylvania has remained a Seller's Market.
Key Takeaway
Spotsylvania is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spotsylvania, VA
How much do homes in Spotsylvania, VA cost?
Median Sold Price
$489,900
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,980(+4.0%)
Key Takeaway
Homes in Spotsylvania have sold for 4% more than they did a year ago.
Summary: The median home sold price in Spotsylvania was $489,900 in November 2024, up 4% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | - | N/A |
| 2 Bedrooms | $270K | $295K | +9.3% |
| 3 Bedrooms | $380K | $389.9K | +2.6% |
| 4 Bedrooms | $527.4K | $569.9K | +8.1% |
| 5+ Bedrooms | $705K | $725K | +2.8% |
Summary: Spotsylvania housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Livingston | $527.4K | $588.7K | +11.6% |
| Berkeley | $418.6K | $450K | +7.5% |
| Salem | $348K | $369.4K | +6.2% |
| Spotsylvania | $470.9K | $489.9K | +4.0% |
| Chancellor | $448K | $451K | +0.7% |
Housing Supply in Spotsylvania, VA
How many homes are available in Spotsylvania, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 239 | 225 | -5.9% |
Summary: The Spotsylvania real estate market had 225 homes for sale in November 2024, a 5.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 80 | 72 | -10.0% |
| 4 Bedrooms | 99 | 98 | -1.0% |
| 5+ Bedrooms | 55 | 50 | -9.1% |
Summary: The Spotsylvania 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 remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 65 | +35.4% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spotsylvania, expect to pay close to the asking price. 53.8% of homes here sold near the asking price last month.
Summary: A total of 65 homes were sold or pending in Spotsylvania in November 2024, up by 35.4% month-over-month. Of the 65 sold homes, 32% were sold under asking, 54% were sold at asking, and 14% were sold over asking.
Days on Market for Spotsylvania, VA
How long does it take to sell a home in Spotsylvania, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 26 Days | -33.1% |
Summary: Homes in Spotsylvania had an average of 26 days on market in Nov 2024, down by 33.1% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spotsylvania are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 65 homes were sold in Spotsylvania; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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