Is 22903, 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, 22903 has remained a Buyer's Market.
Key Takeaway
22903 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 22903, VA
How much do homes in 22903, VA cost?
Median Sold Price
$585,000
$327/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 22903 have sold for 52.7% more than they did a month ago.
Summary: The median home sold price in 22903 was $585,000 in March 2024, up 52.7% from last month, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $355K | N/A |
| 2 Bedrooms | $416K | $440K | +5.8% |
| 3 Bedrooms | $289.9K | $625K | +115.6% |
| 4 Bedrooms | $600K | $620K | +3.3% |
| 5+ Bedrooms | $1.3M | $765K | -43.0% |
Summary: 22903 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 increased by 5.8%, 3 bedroom homes increased by 115.6%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 43%.
Median Sold Price Compared To Nearby Zip Codes
| 22903 | $383K | $585K | +52.7% |
| 22902 | $516K | $450.5K | -12.7% |
Housing Supply in 22903, VA
How many homes are available in 22903, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 128 | 157 | +22.7% |
Summary: The 22903 real estate market had 157 homes for sale in March 2024, a 22.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 9 | +50.0% |
| 2 Bedrooms | 15 | 19 | +26.7% |
| 3 Bedrooms | 52 | 64 | +23.1% |
| 4 Bedrooms | 26 | 37 | +42.3% |
| 5+ Bedrooms | 29 | 28 | -3.4% |
Summary: The 22903 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 42.3%, and 5+ bedroom homes decreased by 3.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 22 | +22.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22903, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 22 homes were sold or pending in 22903 in March 2024, up by 22.2% month-over-month. Of the 20 sold homes, 25% were sold under asking, 40% were sold at asking, and 35% were sold over asking.
Days on Market for 22903, VA
How long does it take to sell a home in 22903, VA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 58 Days | 22 Days | -61.0% |
Summary: Homes in 22903 had an average of 22 days on market in Mar 2024, down by 61% compared to last month.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22903 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 22 homes were sold in 22903; 77% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 9% 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. 
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
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