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Single-family Foreclosures in Luray, VA

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Luray, VA Foreclosures

How much do homes sell for in Luray, VA?
The average home price is currently $354,448.
In Luray, VA, how many homes are available?
There are currently 13 active home listings available in Luray.
What’s the average rental cost in Luray, VA?
The average rental price in Luray is $1,344.
What is the most expensive home in Luray?
The most expensive home sold in Luray had a price of $4,041,398.
What is currently the cheapest priced home in Luray, VA?
The cheapest home for sale in Luray is priced at $12,779.

Living in Luray, VA

Luray, situated in the picturesque Shenandoah Valley, is known for its stunning natural beauty and rich history. This charming town is a gateway to the Luray Caverns, offering unique geological features. Residents enjoy a relaxed pace of life, surrounded by majestic mountains, which provide ample opportunities for hiking, camping, and exploring outdoor recreational activities.

Current Market Conditions in Luray, VA

Luray’s real estate market has seen a steady increase in demand, especially since the COVID-19 pandemic as more people seek rural retreats. Homes are selling quickly, often above list price, due to the allure of the area’s natural beauty and recreational activities.

Prices have appreciated significantly in the last year, reflecting a shift in homebuyer preferences towards smaller towns with rich natural resources and historical contexts. Investors and first-time homebuyers alike are finding opportunities as the market continues to evolve.

Home Value Estimator For Luray, VA

There are currently 5,115 real estate properties in Luray, VA, with a median automated valuation model (AVM) price of $301,805.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Luray, 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 Luray, VA, is $354,448.00, with the most expensive house in Luray, VA, topping out at $4,041,398.00 and the cheapest home in Luray, VA, clocking in at $12,779.00. In other words, there’s something for every potential homebuyer or savvy investor in Luray, VA!

Rent Prices In Luray, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Luray, VA, is on a rollercoaster ride. The average rent price in Luray, VA, is $1,344.00. Indeed, when looking to rent in Luray, VA, you can expect to pay as little as $650.00 or as much as $2,820.00, with the average rent median estimated to be $1,290.00. The good news is that finding an affordable and desirable property to rent in Luray, 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.

Luray, VA Single-family Homes


Market Trend for Luray, VA

Total Listings Available: 13

Market Values:

Home Prices from $12,779 to $4,041,398

Average Sales Price: $354,448

Rental Values:

Rental from $650 to $2,820

Average Rent Value: $1,344 / month

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