The Cave Spring housing market is very competitive. The median sale price of a home in Cave Spring was $416K last month, up 22.2% since last year. The median sale price per square foot in Cave Spring is $137, down 0.36% since last year.
What is the housing market like in Cave Spring today?
In October 2024, Cave Spring home prices were up 22.2% compared to last year, selling for a median price of $416K. On average, homes in Cave Spring sell after 14 days on the market compared to 20 days last year. There were 26 homes sold in October this year, down from 34 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$415,500
+22.2% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Cave Spring, VA
$415,500
+22.2%
United States
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How hot is the Cave Spring housing market?
Cave Spring is very competitive. Homes sell in 18 days.
0
100
83
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 18 days.
Hot homes
can sell for about 1% above list price and go pending in around 5 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Cave Spring housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Cave Spring.
Flood Factor - Major
17% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Cave Spring has a major risk of flooding. 1,623 properties in Cave Spring are likely to be
severely affected
by flooding over the next 30 years. This represents 17% of all properties in Cave Spring. Flood risk is increasing slower than the national average.
60% of properties are at risk of wildfire over the next 30 years
Fire Factor
Cave Spring has a moderate risk of wildfire. There are 6,535 properties in Cave Spring that have some risk of being affected by wildfire over the next 30 years. This represents 60% of all properties in Cave Spring.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Cave Spring has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Cave Spring is most at risk from hurricanes. 10,863 properties in Cave Spring have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 50 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 56 mph.