Culpeper Real Estate Market

Get the latest Culpeper Real Estate for sale, market statistics, pricing trends and house values.

There are currently 274 homes for sale in Culpeper Virginia. These are single family homes, town homes and condo homes. There are 83 homes under contract in Culpeper. In the last 6 months 287 homes in Culpeper have sold. In the last year 534 sales have occurred. The absorption rate for Culpeper is 44 meaning 44 homes will sell in Culpeper each month. The totals indicate a 5.3 months supply of inventory in the Culpeper real estate market which is considered a balanced supply of inventory.

The area of Culpeper in the 22701 zip code show a median listing price of $278,870. The average days on the market is 109. 8.7% of the current listings are distressed listings, foreclosures and short sales.

: Pricing Trends

By comparing these price trends it will help you understand the difference between the prices sellers are asking and the price the buyers are willing to pay. The graph indicates that the price buyers are willing to pay have increased and are coming closer to the price sellers are asking.

The number of active listings in the 22701 are of Culpeper dropped by 24.4% from the previous month. The average day a property is active on the market is 109. The number of sales in September dropped by 61.2% from the previous month.

: Culpeper Inventory 22701

The percentage of unoccupied properties in Culpeper is very low, actually below the national average by 8.03% The percentage of rental properties in Culpeper is 14.49% above the national average which is typical of urban areas. Owner occupied homes in Culpeper is 59.45%. 33.69% are rented homes and 6.87 are vacant.

: Property Ownership

: Income Levels of Culpeper 22701

Median household income in 22701 is $63,023 with 673 households earning between $35,000 to $40,000 annually. Approximately 100 homes in the area are earners of more than $500,000. About 450 homes are earning less than $10,000.

: Education Statistics

For the zip 22701, 13.04% of the people have completed a bachelor's degree as their highest education level.

Additional statistics for the 22701 zip code area of Culpeper.

: Additional Community Info

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Culpeper Virginia Real Estate

Sunday, January 26, 2014