$4,572 Closing Credit*
$385,000
1,969 SqFt
3 Beds
•3 Full Baths
Kathleen Thompson, Listing Office: Samson Properties
Is Spotsylvania County, 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 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
$450,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,663(+4.3%)
Key Takeaway
Homes in Spotsylvania County have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Spotsylvania County was $450,000 in November 2024, up 4.3% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | - | N/A |
| 2 Bedrooms | $311.7K | $319K | +2.3% |
| 3 Bedrooms | $375K | $395K | +5.3% |
| 4 Bedrooms | $480K | $520K | +8.3% |
| 5+ Bedrooms | $580.5K | $600K | +3.4% |
Summary: Spotsylvania County 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 2.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Counties
| Culpeper County | $444.2K | $478.5K | +7.7% |
| Louisa County | $389.9K | $413.7K | +6.1% |
| Orange County | $397.2K | $420K | +5.7% |
| Spotsylvania County | $431.3K | $450K | +4.3% |
| Stafford County | $500K | $519.8K | +4.0% |
Housing Supply in Spotsylvania County, VA
How many homes are available in Spotsylvania County, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 720 | 655 | -9.0% |
Summary: The Spotsylvania County real estate market had 655 homes for sale in November 2024, a 9.0% 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 | 39 | 46 | +17.9% |
| 3 Bedrooms | 273 | 226 | -17.2% |
| 4 Bedrooms | 275 | 260 | -5.5% |
| 5+ Bedrooms | 132 | 122 | -7.6% |
Summary: The Spotsylvania County 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 increased by 17.9%, 3 bedroom homes decreased by 17.2%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes decreased by 7.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 207 | 183 | -11.6% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
70 Homes Were Sold
At Asking
64 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spotsylvania County, expect to pay close to the asking price. 38.3% of homes here sold near the asking price last month.
Summary: A total of 183 homes were sold or pending in Spotsylvania County in November 2024, down by 11.6% month-over-month. Of the 183 sold homes, 27% were sold under asking, 38% were sold at asking, and 35% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 24 Days | -13.9% |
Summary: Homes in Spotsylvania County had an average of 24 days on market in Nov 2024, down by 13.9% compared to last year.
Breakdown of Home Sale Times
142 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
9 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 November 2024, 183 homes were sold in Spotsylvania County; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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