Is Rivanna, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Rivanna has remained a Seller's Market.
Housing Prices in Rivanna, VA
How much do homes in Rivanna, VA cost?
Median Sold Price
$345,000
$214/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Rivanna was $345,000 in April 2024, up 12.6% from last month, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $240K | - | N/A |
3 Bedrooms | $300.5K | $311.2K | +3.6% |
4 Bedrooms | $443.5K | $392K | -11.6% |
5+ Bedrooms | $449.9K | $465K | +3.4% |
Summary: Rivanna housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
Cunningham | $312.4K | $475K | +52.0% |
Rivanna | $306.5K | $345K | +12.6% |
Charlottesville | $545K | $562.7K | +3.3% |
Housing Supply in Rivanna, VA
How many homes are available in Rivanna, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
51 | 62 | +21.6% |
Summary: The Rivanna real estate market had 62 homes for sale in April 2024, a 21.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 35 | 38 | +8.6% |
4 Bedrooms | 9 | 18 | +100.0% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Rivanna housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 20 | +66.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Rivanna in April 2024, up by 66.7% month-over-month. Of the 20 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% 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 2024 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 12 Days | -64.6% |
Summary: Homes in Rivanna had an average of 12 days on market in Apr 2024, down by 64.6% compared to last month.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Rivanna; 90% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.