Is Charles City, 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, Charles City has remained a Seller's Market.
Housing Prices in Charles City, VA
How much do homes in Charles City, VA cost?
Median Sold Price
$294,950
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Charles City was $294,950 in March 2024, up 9.2% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $138K | N/A |
2 Bedrooms | $100K | $166K | +66.0% |
3 Bedrooms | $270K | $280K | +3.7% |
4 Bedrooms | $370K | $625K | +68.9% |
5+ Bedrooms | $1.1M | $825K | -25.0% |
Summary: Charles City 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 increased by 66%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 68.9%, and 5+ bedroom homes decreased by 25%.
Median Sold Price Compared To Nearby Cities
Charles City | $270K | $294.9K | +9.2% |
Providence Forge | $515K | $558.2K | +8.4% |
Lanexa | $400K | $399.9K | 0% |
Housing Supply in Charles City, VA
How many homes are available in Charles City, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 29 | +3.6% |
Summary: The Charles City real estate market had 29 homes for sale in March 2024, a 3.6% 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 | 2 | 3 | +50.0% |
3 Bedrooms | 19 | 19 | 0.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Charles City 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 9 | +125.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Charles City in March 2024, up by 125.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Charles City, VA
How long does it take to sell a home in Charles City, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
70 Days | 47 Days | -32.8% |
Summary: Homes in Charles City had an average of 47 days on market in Mar 2024, down by 32.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Charles City; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.