Is Cedar Mountain, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Cedar Mountain was a Neutral 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
$491,250
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cedar Mountain have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Cedar Mountain was $491,250 in March 2024, up 14.2% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $226.7K | $215K | -5.2% |
| 3 Bedrooms | $420K | $442.5K | +5.4% |
| 4 Bedrooms | $540K | $529K | -2.0% |
| 5+ Bedrooms | $450K | $640K | +42.2% |
Summary: Cedar Mountain housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 42.2%.
Median Sold Price Compared To Nearby Cities
| Cedar Mountain | $430K | $491.2K | +14.2% |
| Culpeper | $390K | $433.8K | +11.2% |
Housing Supply in Cedar Mountain, VA
How many homes are available in Cedar Mountain, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 29 | +31.8% |
Summary: The Cedar Mountain real estate market had 29 homes for sale in March 2024, a 31.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 11 | +83.3% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Cedar Mountain 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 remained the same, 3 bedroom homes increased by 83.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 8 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 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. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Cedar Mountain in March 2024, up by 300.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 13 Days | 112 Days | +725.0% |
Summary: Homes in Cedar Mountain had an average of 112 days on market in Mar 2024, up by 725% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cedar Mountain are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 8 homes were sold in Cedar Mountain; 13% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 75% 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.