KEY RESIDENTIAL MARKET INDICATORS
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NUMBER OF TRANSACTIONS | There were 861 transactions in 2021 compared to 851 in 2020, an increase of 1%. |
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AVERAGE HOME SALES PRICE | The average home sales price increased 13% to $413,878 from $364,850. |
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AVERAGE DAYS ON MARKET | Average days on market for properties sold was 26 compared to 52, a decrease of 51%. |
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ACTIVE RESIDENTIAL LISTINGS | There was a monthly average of 246 homes on the market in 2021 compared to 301 in 2020, a decrease of 19%. |
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SALES PRICE TO LIST PRICE | On average, homes sold for 100.6% of the list price as compared to 99.2%, an increase of 1%. |
In the 4th quarter of 2021, 30 properties sold as compared to 36 properties in the 4th quarter of 2020.
There are currently 154 residential properties for sale which is about a 2-month supply. The active listings have an average days on market of 69. The average list price of homes currently on the market is $538,530.
| 2020 RESIDENTIAL TRANSACTIONS BY PRICE CATEGORY | 2021 RESIDENTIAL TRANSACTIONS BY PRICE CATEGORY |
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Culpeper Land & Farm Sales
January —December 2021 compared to January — December 2020
KEY LAND AND FARM MARKET INDICATORS
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NUMBER OF TRANSACTIONS | There were 192 transactions in 2021 compared to 142 in 2020, an increase of 35%. |
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AVERAGE PRICE PER ACRE | The price per acre for raw land over 25 acres increased 16% from $4,987 to $5,788. |
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AVERAGE DAYS ON MARKET | Average days on market for properties sold was 303 compared to 268, an increase of 13%. |
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ACTIVE LAND LISTINGS | There was an average of 155 properties on the market every month compared to 205 in 2020. |
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SALES PRICE TO LIST PRICE | Land and farms sold for 92.8% of the list price as compared to 93.6% in 2020, a decrease of 1%. |
Thirty-seven properties sold in the 4th quarter of 2021 as compared to 48 properties in the 4th quarter of 2020.
There are currently 120 properties for sale which is about a 12-month supply. The lots currently on the market have an average days on market of 424.
| 2020 LAND & FARM TRANSACTIONS BY ACREAGE | 2021 LAND & FARM TRANSACTIONS BY ACREAGE |
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To see a complete listing of everything that sold in Culpeper County this year (by quarter), please click on one of the links below:
View the entire 2021 Market Trends Report.
View the 2020 Market Trends Report.
View the 2019 Market Trends Report.
