$9,974 Closing Credit*
$839,900
3,534 SqFt
4 Beds
•3 Full Baths, 1 Partial
Amy Cherry Taylor, Listing Office: Porch & Stable Realty, LLC
Is Spotsylvania County, 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, Spotsylvania County has remained a Seller's Market.
Key Takeaway
Spotsylvania County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spotsylvania County, VA
How much do homes in Spotsylvania County, VA cost?
Median Sold Price
$449,395
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,664(+4.1%)
Key Takeaway
Homes in Spotsylvania County have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Spotsylvania County was $449,395 in October 2024, up 4.1% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | - | N/A |
| 2 Bedrooms | $290K | $319K | +10.0% |
| 3 Bedrooms | $373.3K | $394.5K | +5.7% |
| 4 Bedrooms | $480K | $507K | +5.6% |
| 5+ Bedrooms | $580.2K | $598.7K | +3.2% |
Summary: Spotsylvania County 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 increased by 10%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Counties
| Culpeper County | $444.4K | $476.7K | +7.3% |
| Orange County | $395K | $413.8K | +4.8% |
| Spotsylvania County | $431.7K | $449.3K | +4.1% |
| Louisa County | $389K | $405K | +4.1% |
| Stafford County | $500K | $517.7K | +3.5% |
Housing Supply in Spotsylvania County, VA
How many homes are available in Spotsylvania County, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 733 | 733 | 0.0% |
Summary: The Spotsylvania County real estate market had 733 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 34 | 36 | +5.9% |
| 3 Bedrooms | 265 | 278 | +4.9% |
| 4 Bedrooms | 309 | 284 | -8.1% |
| 5+ Bedrooms | 123 | 133 | +8.1% |
Summary: The Spotsylvania County 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 increased by 5.9%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes increased by 8.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 235 | 188 | -20.0% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
76 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spotsylvania County, expect to pay close to the asking price. 40.4% of homes here sold near the asking price last month.
Summary: A total of 188 homes were sold or pending in Spotsylvania County in October 2024, down by 20.0% month-over-month. Of the 188 sold homes, 34% were sold under asking, 40% were sold at asking, and 26% were sold over asking.
Days on Market for Spotsylvania County, VA
How long does it take to sell a home in Spotsylvania County, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 30 Days | +23.6% |
Summary: Homes in Spotsylvania County had an average of 30 days on market in Oct 2024, up by 23.6% compared to last year.
Breakdown of Home Sale Times
121 Homes Were Sold
Under 30 Days
52 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spotsylvania County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 188 homes were sold in Spotsylvania County; 64% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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