Is Rixeyville, 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, Rixeyville has remained a Seller's Market.
Key Takeaway
Rixeyville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rixeyville, VA
How much do homes in Rixeyville, VA cost?
Median Sold Price
$435,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Rixeyville have sold for 16.3% less than they did a year ago.
Summary: The median home sold price in Rixeyville was $435,000 in March 2024, down 16.3% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $330K | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $399K | $435K | +9.0% |
| 4 Bedrooms | $592K | $469.9K | -20.6% |
| 5+ Bedrooms | $520K | $375K | -27.9% |
Summary: Rixeyville 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 did not change, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 20.6%, and 5+ bedroom homes decreased by 27.9%.
Median Sold Price Compared To Nearby Cities
| Catalpa | $403K | $484K | +20.1% |
| Jefferson | $542.8K | $589K | +8.5% |
| Rixeyville | $520K | $435K | -16.3% |
Housing Supply in Rixeyville, VA
How many homes are available in Rixeyville, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Summary: The Rixeyville real estate market had 17 homes for sale in March 2024, a 30.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rixeyville 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 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rixeyville, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Rixeyville in March 2024, up by 150.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Rixeyville, VA
How long does it take to sell a home in Rixeyville, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 37 Days | -22.9% |
Summary: Homes in Rixeyville had an average of 37 days on market in Mar 2024, down by 22.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rixeyville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Rixeyville; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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.