Is Hartwood, 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, Hartwood has remained a Buyer's Market.
Key Takeaway
Hartwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hartwood, VA
How much do homes in Hartwood, VA cost?
Median Sold Price
$600,040
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hartwood have sold for 4% more than they did a year ago.
Summary: The median home sold price in Hartwood was $600,040 in March 2024, up 4% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $180K | N/A |
| 2 Bedrooms | $395K | $375K | -5.1% |
| 3 Bedrooms | $465.6K | $500K | +7.4% |
| 4 Bedrooms | $612.5K | $631.5K | +3.1% |
| 5+ Bedrooms | $658K | $700K | +6.4% |
Summary: Hartwood 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 5.1%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
| Hartwood | $576.8K | $600K | +4.0% |
| Stafford | $500K | $519.9K | +4.0% |
| Rock Hill | $530K | $545K | +2.8% |
| Falmouth | $425K | $430K | +1.2% |
| Garrisonville | $495K | $500K | +1.0% |
Housing Supply in Hartwood, VA
How many homes are available in Hartwood, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 251 | 280 | +11.6% |
Summary: The Hartwood real estate market had 280 homes for sale in March 2024, a 11.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 51 | 63 | +23.5% |
| 4 Bedrooms | 94 | 107 | +13.8% |
| 5+ Bedrooms | 90 | 94 | +4.4% |
Summary: The Hartwood 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 23.5%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 4.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 28 | +27.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hartwood, you may be able to get a good deal. 35.7% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Hartwood in March 2024, up by 27.3% month-over-month. Of the 28 sold homes, 36% were sold under asking, 32% were sold at asking, and 32% were sold over asking.
Days on Market for Hartwood, VA
How long does it take to sell a home in Hartwood, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 26 Days | -9.5% |
Summary: Homes in Hartwood had an average of 26 days on market in Mar 2024, down by 9.5% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hartwood are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 28 homes were sold in Hartwood; 75% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 14% 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.