Is Catalpa, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Catalpa was a Seller's Market.
Key Takeaway
Catalpa is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Catalpa, VA
How much do homes in Catalpa, VA cost?
Median Sold Price
$485,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Catalpa have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Catalpa was $485,000 in April 2024, up 10.9% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $330K | +10.0% |
| 2 Bedrooms | $275K | $280K | +1.8% |
| 3 Bedrooms | $402.5K | $404.9K | +0.6% |
| 4 Bedrooms | $535K | $540K | +0.9% |
| 5+ Bedrooms | $705K | $850K | +20.6% |
Summary: Catalpa housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 20.6%.
Median Sold Price Compared To Nearby Cities
| Catalpa | $437.5K | $485K | +10.9% |
| Jefferson | $570K | $585K | +2.6% |
| Rixeyville | $561.2K | $442.5K | -21.2% |
Housing Supply in Catalpa, VA
How many homes are available in Catalpa, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 24 | -4.0% |
Summary: The Catalpa real estate market had 24 homes for sale in April 2024, a 4.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Catalpa housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Catalpa, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Catalpa in April 2024, down by 50.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Catalpa, VA
How long does it take to sell a home in Catalpa, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 37 Days | -9.7% |
Summary: Homes in Catalpa had an average of 37 days on market in Apr 2024, down by 9.7% compared to last year.
Breakdown of Home Sale Times
2 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 Catalpa are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Catalpa; 50% of homes were sold within 30 days, 50% 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.