Is 20186, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 20186 has remained a Seller's Market.
Key Takeaway
20186 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20186, VA
How much do homes in 20186, VA cost?
Median Sold Price
$670,000
$266/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 20186 have sold for 21.8% more than they did a month ago.
Summary: The median home sold price in 20186 was $670,000 in March 2024, up 21.8% from last month, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $345K | - | N/A |
| 3 Bedrooms | $550K | $477.5K | -13.2% |
| 4 Bedrooms | $535K | $752.5K | +40.7% |
| 5+ Bedrooms | $750K | - | N/A |
Summary: 20186 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 13.2%, 4 bedroom homes increased by 40.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 20186 | $550K | $670K | +21.8% |
| 20106 | $784.5K | $682.5K | -13.0% |
Housing Supply in 20186, VA
How many homes are available in 20186, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 88 | 77 | -12.5% |
Summary: The 20186 real estate market had 77 homes for sale in March 2024, a 12.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 36 | 27 | -25.0% |
| 4 Bedrooms | 32 | 33 | +3.1% |
| 5+ Bedrooms | 17 | 15 | -11.8% |
Summary: The 20186 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 11.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 16 | -44.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20186, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in 20186 in March 2024, down by 44.8% month-over-month. Of the 16 sold homes, 13% were sold under asking, 50% were sold at asking, and 38% were sold over asking.
Days on Market for 20186, VA
How long does it take to sell a home in 20186, VA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 35 Days | -13.1% |
Summary: Homes in 20186 had an average of 35 days on market in Mar 2024, down by 13.1% compared to last month.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20186 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in 20186; 81% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.