Lottsburg, VA Foreclosures
How much do homes sell for in Lottsburg, VA?
The average home price is currently $467,664.
In Lottsburg, VA, how many homes are available?
There are currently 1 active home listings available in Lottsburg.
What’s the average rental cost in Lottsburg, VA?
The average rental price in Lottsburg is $1,179.
What is the most expensive home in Lottsburg?
The most expensive home sold in Lottsburg had a price of $2,589,200.
What is currently the cheapest priced home in Lottsburg, VA?
The cheapest home for sale in Lottsburg is priced at $57,431.
Living in Lottsburg, VA
Lottsburg, VA is a serene riverside town in Northumberland County offering a peaceful rural retreat. Known for its friendly atmosphere, residents enjoy various outdoor activities and a strong sense of community. The area features local shops, restaurants, and access to quality schools, making it ideal for families and retirees alike.
Current Market Conditions in Lottsburg, VA
The real estate market in Lottsburg has shown a steady growth over the past year, with an increased interest in waterfront properties as more buyers seek peaceful, rural living. Properties have been selling more quickly due to a limited inventory, while demand stays strong, resulting in competitive pricing in some segments of the market.
In recent months, the market trends indicate a rise in property values driven primarily by the appeal of the surrounding natural beauty and outdoor lifestyle. Buyers are increasingly looking for permanent homes as well as vacation retreats. With rising demand, homes particularly near the water are experiencing quicker sales and higher appreciation.
Overall, the Lottsburg real estate market remains vibrant with ongoing development plans and improvements to local amenities enhancing the area’s attractiveness.
Home Value Estimator For Lottsburg, VA
There are currently 988 real estate properties
in Lottsburg, VA,
with a median automated valuation model (AVM) price
of $460,053.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lottsburg, VA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Lottsburg, VA,
is $467,664.00, with the most expensive house
in Lottsburg, VA, topping out
at $2,589,200.00 and the cheapest home
in Lottsburg, VA,
clocking in at $57,431.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lottsburg, VA!
Rent Prices
In Lottsburg, VA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lottsburg, VA, is on
a rollercoaster ride. The
average rent price in Lottsburg, VA,
is $1,179.00. Indeed, when looking to rent in
Lottsburg, VA, you can expect to pay as little
as $580.00 or as much
as $2,420.00,
with the average rent median estimated to
be $1,140.00. The good news is that finding
an affordable and desirable property to rent in Lottsburg, VA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
