$4,239 Closing Credit*
$357,000
1,935 SqFt
4 Beds
•2 Full Baths
Kelly Thornton, Listing Office: Long & Foster Real Estate, Inc.
Is Cedar Mountain, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Cedar Mountain has remained a Seller's Market.
Key Takeaway
Cedar Mountain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cedar Mountain, VA
How much do homes in Cedar Mountain, VA cost?
Median Sold Price
$510,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$60,000(+13.3%)
Key Takeaway
Homes in Cedar Mountain have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in Cedar Mountain was $510,000 in August 2024, up 13.3% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $195K | $283K | +45.1% |
| 3 Bedrooms | $420K | $500K | +19.0% |
| 4 Bedrooms | $529K | $518K | -2.1% |
| 5+ Bedrooms | $640K | $615K | -3.9% |
Summary: Cedar Mountain housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 45.1%, 3 bedroom homes increased by 19%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 3.9%.
Median Sold Price Compared To Nearby Cities
| Cedar Mountain | $450K | $510K | +13.3% |
| Culpeper | $415K | $459.9K | +10.8% |
Housing Supply in Cedar Mountain, VA
How many homes are available in Cedar Mountain, VA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 39 | 32 | -17.9% |
Summary: The Cedar Mountain real estate market had 32 homes for sale in August 2024, a 17.9% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 7 | 3 | -57.1% |
Summary: The Cedar Mountain housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 57.1%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 17 | 9 | -47.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Mountain, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Cedar Mountain in August 2024, down by 47.1% month-over-month. Of the 9 sold homes, 33% were sold under asking, 56% were sold at asking, and 11% were sold over asking.
Days on Market for Cedar Mountain, VA
How long does it take to sell a home in Cedar Mountain, VA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 41 Days | 27 Days | -32.0% |
Summary: Homes in Cedar Mountain had an average of 27 days on market in Aug 2024, down by 32% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cedar Mountain are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 9 homes were sold in Cedar Mountain; 56% of homes were sold within 30 days, 44% 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.