Is Rivanna, 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, Rivanna was a Buyer's Market.
Housing Prices in Rivanna, VA
How much do homes in Rivanna, VA cost?
Median Sold Price
$526,279
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rivanna was $526,279 in March 2024, up 9.6% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $425K | $235K | -44.7% |
2 Bedrooms | $293K | $312.5K | +6.7% |
3 Bedrooms | $377K | $415K | +10.1% |
4 Bedrooms | $575K | $594.5K | +3.4% |
5+ Bedrooms | $695K | $860K | +23.7% |
Summary: Rivanna housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.7%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 23.7%.
Median Sold Price Compared To Nearby Cities
Keswick | $707.5K | $859.5K | +21.5% |
Charlottesville | $412.5K | $500.1K | +21.3% |
Rivanna | $480K | $526.2K | +9.6% |
Housing Supply in Rivanna, VA
How many homes are available in Rivanna, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
139 | 136 | -2.2% |
Summary: The Rivanna real estate market had 136 homes for sale in March 2024, a 2.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 8 | 6 | -25.0% |
3 Bedrooms | 47 | 49 | +4.3% |
4 Bedrooms | 49 | 48 | -2.0% |
5+ Bedrooms | 33 | 29 | -12.1% |
Summary: The Rivanna housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 12.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 24 | +4.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Rivanna in March 2024, up by 4.3% month-over-month. Of the 24 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Rivanna, VA
How long does it take to sell a home in Rivanna, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
24 Days | 41 Days | +70.0% |
Summary: Homes in Rivanna had an average of 41 days on market in Mar 2024, up by 70% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Rivanna; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.