January—March 2021 compared to January—March 2020
Rappahannock County – Fauquier County – Madison County – Culpeper County
KEY RESIDENTIAL MARKET INDICATORS
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NUMBER OF TRANSACTIONS | There were 160 transactions in 2021 compared to 164 in 2020, a decrease of 2%. |
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AVERAGE HOME SALES PRICE | The average home sales price increased 14% to $382,597 from $334,453. |
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AVERAGE DAYS ON MARKET | Average days on market for properties sold was 25 compared to 84, a decrease of 71%. |
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ACTIVE RESIDENTIAL LISTINGS | There was a monthly average of 192 homes on the market in 2021 compared to 333 in 2020, a decrease of 42%. |
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SALES PRICE TO LIST PRICE | On average, homes sold for 100.1% of the list price as compared to 98.6%, an increase of 2%. |
There are currently 237 residential properties for sale which is about a 4 month supply. The active listings have an average days on market of 58. The average list price of homes currently on the market is $459,305. In 2020, homes sold for an average of 0.1% above the list price.
| 2020 RESIDENTIAL TRANSACTIONS BY PRICE CATEGORY | 2021 RESIDENTIAL TRANSACTIONS BY PRICE CATEGORY |
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Culpeper Land & Farm Sales
2021 COMPARED TO 2020
KEY LAND AND FARM MARKET INDICATORS
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NUMBER OF TRANSACTIONS | There were 45 transactions in 2021 compared to 21 in 2020, an increase of 114%. |
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AVERAGE PRICE PER ACRE | The price per acre for raw land over 25 acres increased 39% from $3,826 to $5,332. |
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AVERAGE DAYS ON MARKET | Average days on market for properties sold was 276 compared to 225, an increase of 23%. |
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ACTIVE LAND LISTINGS | There was an average of 103 properties on the market every month compared to 120 in 2020. |
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SALES PRICE TO LIST PRICE | Land and farms sold for 96.6% of the list price as compared to 92.6% in 2020, an increase of 4%. |
There are currently 142 properties for sale which is about an 18 month supply. The lots currently on the market have an average days on market of 610.
| 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 the link below:
View the 2020 Market Trends Report.
View the 2019 Market Trends Report.