Is Courtland, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Courtland was a Buyer's Market.
Key Takeaway
Courtland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Courtland, VA
How much do homes in Courtland, VA cost?
Median Sold Price
$412,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Courtland have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Courtland was $412,000 in April 2024, up 9.9% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $406.3K | $225K | -44.6% |
| 2 Bedrooms | $282.5K | $349.9K | +23.9% |
| 3 Bedrooms | $369.4K | $377.5K | +2.2% |
| 4 Bedrooms | $410.5K | $540K | +31.5% |
| 5+ Bedrooms | $450K | $685K | +52.2% |
Summary: Courtland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.6%, 2 bedroom homes increased by 23.9%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 31.5%, and 5+ bedroom homes increased by 52.2%.
Median Sold Price Compared To Nearby Cities
| Salem | $310.9K | $359.8K | +15.7% |
| Courtland | $375K | $412K | +9.9% |
| Fredericksburg | $421.7K | $439.9K | +4.3% |
| Fredericksburg | $430.1K | $439.9K | +2.3% |
| Chancellor | $432.5K | $439.9K | +1.7% |
Housing Supply in Courtland, VA
How many homes are available in Courtland, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 123 | 118 | -4.1% |
Summary: The Courtland real estate market had 118 homes for sale in April 2024, a 4.1% decrease 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 | 8 | 7 | -12.5% |
| 3 Bedrooms | 58 | 57 | -1.7% |
| 4 Bedrooms | 39 | 35 | -10.3% |
| 5+ Bedrooms | 18 | 19 | +5.6% |
Summary: The Courtland 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 decreased by 12.5%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 42 | +16.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Courtland, you could pay more than the asking price. 43.2% of homes here sold above asking price last month.
Summary: A total of 42 homes were sold or pending in Courtland in April 2024, up by 16.7% month-over-month. Of the 37 sold homes, 32% were sold under asking, 24% were sold at asking, and 43% were sold over asking.
Days on Market for Courtland, VA
How long does it take to sell a home in Courtland, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 33 Days | +87.5% |
Summary: Homes in Courtland had an average of 33 days on market in Apr 2024, up by 87.5% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Courtland are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 42 homes were sold in Courtland; 74% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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