Is 22727, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 22727 has remained a Seller's Market.
Key Takeaway
22727 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22727, VA
How much do homes in 22727, VA cost?
Median Sold Price
$385,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 22727 have sold for 4.1% less than they did a year ago.
Summary: The median home sold price in 22727 was $385,000 in April 2024, down 4.1% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $163.4K | $135K | -17.4% |
| 2 Bedrooms | $305K | $207K | -32.1% |
| 3 Bedrooms | $390.4K | $375K | -4.0% |
| 4 Bedrooms | $416K | $466.2K | +12.1% |
| 5+ Bedrooms | $1.4M | $450K | -67.9% |
Summary: 22727 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.4%, 2 bedroom homes decreased by 32.1%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes decreased by 67.9%.
Housing Supply in 22727, VA
How many homes are available in 22727, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Summary: The 22727 real estate market had 16 homes for sale in April 2024, a 5.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 22727 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22727, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 22727 in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for 22727, VA
How long does it take to sell a home in 22727, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 78 Days | 39 Days | -49.4% |
Summary: Homes in 22727 had an average of 39 days on market in Apr 2024, down by 49.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22727 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in 22727; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% 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.