2019 Culpeper Market Trends Report

Rappahannock County – Fauquier County  – Madison County – Culpeper County

5 Year Sales Trends for the Heart of the Piedmont

In 2019 the number of residential, land and farm real estate transactions in the Heart of the Piedmont was up 9% compared to the prior year. 2,476 properties sold in 2019 compared to 2,267 properties in 2018. The total dollar value of real estate sales increased by 15% with $990,934,314 sold in 2019 and $858,252,289 sold in 2018.

The number of residential transactions increased by 10% in 2019. On a county by county basis, Rappahannock, Fauquier, Madison and Culpeper transactions increased by 11%, 17%, 8% and 11% respectively.

Land & Farm transactions decreased by 19% in 2019. On a county by county basis, Rappahannock, Fauquier, Madison and Culpeper decreased 24%, 21%, 16% and 14% respectively.

Culpeper Home Sales

KEY RESIDENTIAL MARKET INDICATORS

NUMBER OF TRANSACTIONS There were 758 transactions in 2019 compared to 680 in 2018, an increase of 11%.
 AVERAGE HOME SALES PRICE The average home sales price increased 5% to $316,735 from $300,969.
AVERAGE DAYS ON MARKET Average days on market for properties sold was 78 compared to 81, a decrease of 4%.
ACTIVE RESIDENTIAL LISTINGS There was a monthly average of 419 homes on the market in 2019 compared to 351 in 2018, an increase of 20%.
SALES PRICE TO LIST PRICE On average, homes sold for 99% of the list price, flat with last year.

In the fourth quarter of 2019, 178 properties sold as compared to 136 properties in the 4th quarter of 2018.

There are currently 271 residential properties for sale which is about a 5 month supply. The active listings have an average days on market of 148. The average list price of homes currently on the market is $398,953.

2018 RESIDENTIAL TRANSACTIONS                                                                                                        2019 RESIDENTIAL TRANSACTIONS

Culpeper Land & Farm Sales

KEY LAND AND FARM MARKET INDICATORS

NUMBER OF TRANSACTIONS There were 82 transactions in 2019 compared to 95 in 2018, a decrease of 14%.
 AVERAGE PRICE  PER ACRE The price per acre for raw land over 25 acres decreased 10% to $4,900 from $4,401.
AVERAGE DAYS ON MARKET The average days on market for properties sold was 226 compared to 211, an increase of 7%.
ACTIVE LAND LISTINGS There was an average of 223 properties on the market every month compared to 244 in 2018.
SALES PRICE TO LIST PRICE Land and farms sold for 91% of the list price as compared to 92% in 2018, a decrease of 1%.

Twenty-six properties sold in the 4th quarter of 2019 as compared to 17 properties in the 4th quarter of 2018.

There are currently 192 properties for sale which is about a 25 month supply. The lots currently on the market have an average days on market of 623.

2018 LAND & FARM TRANSACTIONS BY ACREAGE

 

2019 LAND & FARM TRANSACTIONS BY ACREAGE

 

View the 2019 Market Trends Report.

View the 2018 Market Trends Report.

View the 2017 Market Trends Report

Review other Market Trends Reports: Rappahannock County – Fauquier County  – Madison County – Culpeper County