Is 22958, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 22958 has remained a Seller's Market.
Key Takeaway
22958 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22958, VA
How much do homes in 22958, VA cost?
Median Sold Price
$553,500
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 22958 have sold for 17.8% more than they did a year ago.
Summary: The median home sold price in 22958 was $553,500 in March 2024, up 17.8% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179.9K | $205K | +13.9% |
| 2 Bedrooms | $405K | $283.5K | -30.0% |
| 3 Bedrooms | $499.5K | $540K | +8.1% |
| 4 Bedrooms | $775K | $695.2K | -10.3% |
| 5+ Bedrooms | - | $1.3M | N/A |
Summary: 22958 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.9%, 2 bedroom homes decreased by 30%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes did not change.
Housing Supply in 22958, VA
How many homes are available in 22958, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 45 | -11.8% |
Summary: The 22958 real estate market had 45 homes for sale in March 2024, a 11.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 19 | 16 | -15.8% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The 22958 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 14.3%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22958, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 22958 in March 2024, up by 42.9% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.
Days on Market for 22958, VA
How long does it take to sell a home in 22958, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 67 Days | +62.8% |
Summary: Homes in 22958 had an average of 67 days on market in Mar 2024, up by 62.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22958 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in 22958; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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