Culpeper has a population that is much older than most in Virginia with a median age of 32 years. Also, it's somewhat affluent with a median income of $53,551 per household. Keep in mind, 48.5% of the homes in Culpeper are owned, while 43.6% are rented. The best school in the city is Farmington Elementary School.
Comments:

$1M  
Sales fell to 24 homes sold over the last 30 days in the Culpeper market. Sellers can expect less competition, however, due to a three-week downward trend in homes coming into the market, now down to 28 for the same period. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price stayed flat at $242,750 this week.
Comments:

$409K  
In this week's report, the number of homes sold in the Culpeper market dropped to 26 over the past 30 days, a decrease of 16.1% from last week's report, but still above the monthly average. Within the same time frame, Gainesville had 45 sales, the most of all cities in the area. The median sales price dropped to $242,750 over the latest reporting period for Culpeper, down from $275,000. In spite of the decrease in sales, a low three months of inventory signals that Culpeper is a seller's market.
Comments:

$1M  
The Culpeper market is seeing a pullback in sellers, and while sales this week came in at 29 homes sold over the last 30 days, new listings are at the lowest they've been in three months. In comparison, Linton Hall had 38 new listings in the same time frame, the most of all nearby cities. Furthermore, a three-week downward trend in price reductions is expected to continue over the coming weeks. Pricing in Culpeper remains consistent from last week to this week, with the median sales price at $254,900 again. Along with the increase in sales, the fact that there are a lower-than-normal three months of inventory indicates that Culpeper is a seller's market.
Comments:

$229K  
The number of home sales in the Culpeper market rose 9.1% to 24 homes over the last 30 days, exceeding the 22.5 monthly average for the last 12 months. In comparison, nearby Linton Hall had 64 sales in the same time frame, the most of all neighboring cities. Potential buyers should note that there are now four months of inventory available in Culpeper and prices have come down. The median sales price dropped to $249,250.
Comments:

$329K  
The Culpeper market pulled back with a 23.1% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 22.4 monthly average with 20 homes sold. Within the same time frame, Linton Hall had 68 sales, the most of all cities in the area. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price climbed to $272,450 this week.
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Culpeper is a larger than average city in Virginia with 16,379 residents. Also, it has seen a 64.0% increase in population over the last 10 years. The Culpeper market almost exclusively consists of detached houses, accounting for 91% of the current homes in the area. Heading the list of top schools in the city is Farmington Elementary School.
Comments:

$449K  
The Culpeper market will be less intense in the coming weeks. Sales rose this week to 25 homes sold over the last 30 days, and there is an identifiable downward trend in the number of new listings, with 31 going live in the same time frame. The median sales price in Culpeper rose to $254,900 while months of inventory was flat at four.
Comments:

$449K  
While home sales in the Culpeper market have been above average, in this week's report they slid 4.0% to 24 homes sold over the last 30 days. On the other hand, close-by Linton Hall registered 77 homes sold in the same time frame, the most of all surrounding cities. The median sales price dropped to $244,750, potentially helping to offset the four months of inventory left to be sold.
Comments:

$265K  
There were 24 homes sold in the Culpeper market over the last 30 days on top of a record 34 contracts executed. It is the most since March and could be a sign that the market may improve. During the same time frame, Linton Hall had the most contracts executed of any other neighboring municipalities with 67. There are four months of inventory remaining in Culpeper, and the market is swinging toward the buyer, especially since the median sales price dropped to $253,500 this week.
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