Is Charles City, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Charles City is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Charles City has remained a Seller's Market.

Key Takeaway

Charles City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$24,950(+9.2%)

Key Takeaway

Homes in Charles City have sold for 9.2% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 -$138K
N/A
2 $100K$166K
+66.0%
3 $270K$280K
+3.7%
4 $370K$625K
+68.9%
5+ $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
+9.2%
Providence Forge
+8.4%
Lanexa
0%

Housing Supply in Charles City, VA

How many homes are available in Charles City, VA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2829+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1919
0.0%
4 55
0.0%
5+ 22
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 2024Mar 2024CHANGE
49+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Charles City, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
70 Days47 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Charles City are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Charles City, VA

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