Rappahannock County – Fauquier County – Madison County – Culpeper County
KEY RESIDENTIAL MARKET INDICATORS
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NUMBER OF TRANSACTIONS | There were 1,428 transactions in 2020 compared to 1,210 in 2019, an increase of 18%. |
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AVERAGE HOME SALES PRICE | The average home sales price increased 12% to $526,138 from $468,340. |
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AVERAGE DAYS ON MARKET | Average days on market for properties sold was 52 compared to 66, a decrease of 21%. |
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ACTIVE RESIDENTIAL LISTINGS | There was a monthly average of 456 homes on the market in 2020 compared to 638 in 2019, a decrease of 29%. |
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SALES PRICE TO LIST PRICE | On average, homes sold for 98.7% of the list price as compared to 96.7%, an increase of 2%. |
In the fourth quarter of 2020, 393 properties sold as compared to 276 properties in the 4th quarter of 2019. All segments except for the under $250,000 segment increased.
There are currently 243 residential properties for sale which is about a 3 month supply. The active listings have an average days on market of 99. The average list price of homes currently on the market is $1,349,609.
| 2019 RESIDENTIAL TRANSACTIONS BY PRICE CATEGORY | 2020 RESIDENTIAL TRANSACTIONS BY PRICE CATEGORY |
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Fauquier Land & Farm Sales
2020 COMPARED TO 2019
KEY LAND AND FARM MARKET INDICATORS
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NUMBER OF TRANSACTIONS | There were 158 transactions in 2020 compared to 132 in 2019, an increase of 20%. |
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AVERAGE PRICE PER ACRE | The price per acre for raw land over 25 acres increased 22% from $7,101 to $8,670. |
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AVERAGE DAYS ON MARKET | Average days on market for properties sold was 161 compared to 269, a decrease of 40%. |
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ACTIVE LAND LISTINGS | There was an average of 215 properties on the market every month in 2020 compared to 263 in 2019. |
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SALES PRICE TO LIST PRICE | Land and farms sold for 91.5% of the list price as compared to 90% in 2019, an increase of 2%. |
Fifty-six properties sold in the 4th quarter of 2020 compared to 32 properties in the 4th quarter of 2019.
There are currently 153 properties for sale which is about a 12 month supply. The properties currently on the market have an average days on market of 318.
| 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