Is Cople, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Cople was a Seller's Market.
Key Takeaway
Cople is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cople, VA
How much do homes in Cople, VA cost?
Median Sold Price
$295,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cople have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Cople was $295,000 in May 2024, up 3.7% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $703K | - | N/A |
| 2 Bedrooms | $175K | $130.2K | -25.6% |
| 3 Bedrooms | $263K | $290K | +10.3% |
| 4 Bedrooms | $415K | $472K | +13.7% |
| 5+ Bedrooms | $790K | $601.5K | -23.9% |
Summary: Cople housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 25.6%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes decreased by 23.9%.
Housing Supply in Cople, VA
How many homes are available in Cople, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 66 | 80 | +21.2% |
Summary: The Cople real estate market had 80 homes for sale in May 2024, a 21.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 39 | 50 | +28.2% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Cople housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 28.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cople, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Cople in May 2024, down by 45.5% month-over-month. Of the 6 sold homes, 17% were sold under asking, 67% were sold at asking, and 17% were sold over asking.
Days on Market for Cople, VA
How long does it take to sell a home in Cople, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 71 Days | 25 Days | -64.9% |
Summary: Homes in Cople had an average of 25 days on market in May 2024, down by 64.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cople are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Cople; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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