Rappahannock County – Fauquier County – Madison County – Culpeper County
KEY RESIDENTIAL MARKET INDICATORS
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NUMBER OF TRANSACTIONS | There were 846 transactions in 2020 compared to 760 in 2019, an increase of 11%. |
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AVERAGE HOME SALES PRICE | The average home sales price increased 15% to $364,772 from $316,516. |
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AVERAGE DAYS ON MARKET | Average days on market for properties sold was 52 compared to 78 in 2019, a decrease of 33%. |
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ACTIVE RESIDENTIAL LISTINGS | There was a monthly average of 293 homes on the market in 2020 compared to 449 in 2019, a decrease of 35%. |
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SALES PRICE TO LIST PRICE | On average, homes sold for 99.2% of the list price as compared to 98.6%, an increase of 0.5%. |
In the 4th quarter of 2020, 234 properties sold as compared to 180 properties in the 4th quarter of 2019.
There are currently 161 residential properties for sale which is about a 3 month supply. The active listings have an average days on market of 68. The average list price of homes currently on the market is $416,409. In 2020, homes sold for an average of 1.4% below the list price.
| 2019 RESIDENTIAL TRANSACTIONS BY PRICE CATEGORY | 2020 RESIDENTIAL TRANSACTIONS BY PRICE CATEGORY |
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Culpeper Land & Farm Sales
2020 COMPARED TO 2019
KEY LAND AND FARM MARKET INDICATORS
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NUMBER OF TRANSACTIONS | There were 137 transactions in 2020 compared to 82 in 2019, an increase of 67%. |
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AVERAGE PRICE PER ACRE | The price per acre for raw land over 25 acres increased 12% from $4,401 to $4,913. |
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AVERAGE DAYS ON MARKET | Average days on market for properties sold was 272 compared to 226, an increase of 20%. |
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ACTIVE LAND LISTINGS | There was an average of 202 properties on the market every month in 2020 compared to 236 in 2019. |
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SALES PRICE TO LIST PRICE | Land and farms sold for 93.7% of the list price as compared to 91.4% in 2019, an increase of 2%. |
Forty-seven properties sold in the 4th quarter of 2020 as compared to 26 properties in the 4th quarter of 2019.
There are currently 149 properties for sale which is about a 19 month supply. The lots currently on the market have an average days on market of 696.
| 2019 LAND & FARM TRANSACTIONS BY ACREAGE | 2020 LAND & FARM TRANSACTIONS BY ACREAGE |
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View the entire 2020 Market Trends Report.
View the 2019 Market Trends Report.
View the 2018 Market Trends Report.
Review other Market Trends Reports: Rappahannock County – Fauquier County – Madison County – Culpeper County