Is Courtland, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Courtland has remained a Seller's Market.
Housing Prices in Courtland, VA
How much do homes in Courtland, VA cost?
Median Sold Price
$420,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Courtland was $420,000 in May 2024, up 9.1% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $406.3K | $225K | -44.6% |
2 Bedrooms | $272.5K | $349.9K | +28.4% |
3 Bedrooms | $372.5K | $375K | +0.7% |
4 Bedrooms | $402K | $560K | +39.3% |
5+ Bedrooms | $490K | $685K | +39.8% |
Summary: Courtland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.6%, 2 bedroom homes increased by 28.4%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 39.3%, and 5+ bedroom homes increased by 39.8%.
Median Sold Price Compared To Nearby Cities
Salem | $310K | $364.3K | +17.5% |
Courtland | $385K | $420K | +9.1% |
Fredericksburg | $427.9K | $440.7K | +3.0% |
Fredericksburg | $431K | $442.7K | +2.7% |
Chancellor | $435K | $440K | +1.1% |
Housing Supply in Courtland, VA
How many homes are available in Courtland, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
125 | 128 | +2.4% |
Summary: The Courtland real estate market had 128 homes for sale in May 2024, a 2.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 13 | +62.5% |
3 Bedrooms | 60 | 55 | -8.3% |
4 Bedrooms | 38 | 40 | +5.3% |
5+ Bedrooms | 19 | 20 | +5.3% |
Summary: The Courtland 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 62.5%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 28 | -34.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Courtland in May 2024, down by 34.9% month-over-month. Of the 24 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 41 Days | +200.0% |
Summary: Homes in Courtland had an average of 41 days on market in May 2024, up by 200% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in Courtland; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.