Is Albemarle County, 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, Albemarle County has remained a Seller's Market.
Housing Prices in Albemarle County, VA
How much do homes in Albemarle County, VA cost?
Median Sold Price
$528,000
$238/sqft
Based on all homes sold in June 2024.
Difference Since Last Month
Summary: The median home sold price in Albemarle County was $528,000 in June 2024, up 3.5% from last month, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127.5K | $215K | +68.6% |
2 Bedrooms | $255K | $258.2K | +1.3% |
3 Bedrooms | $442.5K | $470K | +6.2% |
4 Bedrooms | $622.4K | $640K | +2.8% |
5+ Bedrooms | $1.0M | $960K | -7.7% |
Summary: Albemarle County housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes increased by 68.6%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 7.7%.
Median Sold Price Compared To Nearby Counties
Albemarle County | $509.9K | $528K | +3.5% |
Fluvanna County | $363.7K | $350K | -3.8% |
Housing Supply in Albemarle County, VA
How many homes are available in Albemarle County, VA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
565 | 485 | -14.2% |
Summary: The Albemarle County real estate market had 485 homes for sale in June 2024, a 14.2% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 6 | -33.3% |
2 Bedrooms | 28 | 25 | -10.7% |
3 Bedrooms | 262 | 214 | -18.3% |
4 Bedrooms | 200 | 178 | -11.0% |
5+ Bedrooms | 66 | 62 | -6.1% |
Summary: The Albemarle County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 10.7%, 3 bedroom homes decreased by 18.3%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes decreased by 6.1%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
152 | 141 | -7.2% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
62 Homes Were Sold
Over Asking
Summary: A total of 141 homes were sold or pending in Albemarle County in June 2024, down by 7.2% month-over-month. Of the 139 sold homes, 32% were sold under asking, 23% were sold at asking, and 45% were sold over asking.
Days on Market for Albemarle County, VA
How long does it take to sell a home in Albemarle County, VA?
Average Sale Time
May 2024 | Jun 2024 | CHANGE |
---|---|---|
18 Days | 22 Days | +18.5% |
Summary: Homes in Albemarle County had an average of 22 days on market in Jun 2024, up by 18.5% compared to last month.
Breakdown of Home Sale Times
112 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During June 2024, 141 homes were sold in Albemarle County; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.