Is Caroline County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Caroline County has remained a Seller's Market.
Housing Prices in Caroline County, VA
How much do homes in Caroline County, VA cost?
Median Sold Price
$335,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Caroline County was $335,000 in April 2024, up 0.8% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | - | N/A |
2 Bedrooms | $242.2K | $232.5K | -4.0% |
3 Bedrooms | $304K | $310K | +2.0% |
4 Bedrooms | $375K | $380K | +1.3% |
5+ Bedrooms | $453.9K | $419.9K | -7.5% |
Summary: Caroline County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 7.5%.
Median Sold Price Compared To Nearby Counties
Essex County | $254.9K | $290K | +13.7% |
King and Queen County | $255K | $282.4K | +10.7% |
King George County | $418.9K | $439.9K | +5.0% |
King William County | $319.8K | $335.3K | +4.8% |
Caroline County | $332.2K | $335K | +0.8% |
Housing Supply in Caroline County, VA
How many homes are available in Caroline County, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
174 | 177 | +1.7% |
Summary: The Caroline County real estate market had 177 homes for sale in April 2024, a 1.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 108 | 109 | +0.9% |
4 Bedrooms | 39 | 46 | +17.9% |
5+ Bedrooms | 16 | 11 | -31.3% |
Summary: The Caroline County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes decreased by 31.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 40 | -13.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Caroline County in April 2024, down by 13.0% month-over-month. Of the 40 sold homes, 18% were sold under asking, 50% were sold at asking, and 33% were sold over asking.
Days on Market for Caroline County, VA
How long does it take to sell a home in Caroline County, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 24 Days | -3.9% |
Summary: Homes in Caroline County had an average of 24 days on market in Apr 2024, down by 3.9% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 40 homes were sold in Caroline County; 73% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.