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 249 transactions in 2021 compared to 274 in 2020, a decrease of 9%. |
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AVERAGE HOME SALES PRICE | The average home sales price increased 27% to $585,294 from $459,999. |
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AVERAGE DAYS ON MARKET | Average days on market for properties sold was 37 compared to 74, a decrease of 50%. |
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ACTIVE RESIDENTIAL LISTINGS | There was a monthly average of 264 homes on the market in 2021 compared to 505 in 2020, a decrease of 48%. |
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SALES PRICE TO LIST PRICE | On average, homes sold for 97.7% of the list price as compared to 97.6% in 2020. |
There are currently 394 residential properties for sale which is about a 4 month supply. The active listings have an average days on market of 53. The average list price of homes currently on the market is $954,138.
| 2020 RESIDENTIAL TRANSACTIONS BY PRICE CATEGORY | 2021 RESIDENTIAL TRANSACTIONS BY PRICE CATEGORY |
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Fauquier Land & Farm Sales
2021 COMPARED TO 2020
KEY LAND AND FARM MARKET INDICATORS
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NUMBER OF TRANSACTIONS | There were 47 transactions in 2021 compared to 26 in 2020, an increase of 81%. |
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AVERAGE PRICE PER ACRE | The price per acre for raw land over 25 acres increased 10% from $7,156 to $7,851. |
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AVERAGE DAYS ON MARKET | Average days on market for properties sold was 264 compared to 119, an increase of 122%. |
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ACTIVE LAND LISTINGS | There was an average of 166 properties on the market every month compared to 222 in 2020. |
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SALES PRICE TO LIST PRICE | Land and farms sold for 84% of the list price as compared to 94% in 2018, a decrease of 11%. |
There are currently 160 properties for sale which is about a 12 month supply. The properties currently on the market have an average days on market of 142.
| 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 Fauquier County this year (by quarter), please click on the link below:
View the 2020 Market Trends Report.
View the 2019 Market Trends Report.