Is Albemarle County, 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, Albemarle County has remained a Seller's Market.
Housing Prices in Albemarle County, VA
How much do homes in Albemarle County, VA cost?
Median Sold Price
$550,000
$234/sqft
Based on all homes sold in April 2024.
The Median Sold Price hasn't changed since March 2024.
Summary: The median home sold price in Albemarle County was $550,000 in April 2024, the same as last month, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $330K | N/A |
2 Bedrooms | $265K | $325K | +22.6% |
3 Bedrooms | $427.5K | $453.1K | +6.0% |
4 Bedrooms | $724.9K | $614.5K | -15.2% |
5+ Bedrooms | $879.2K | $867.5K | -1.3% |
Summary: Albemarle County 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 increased by 22.6%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Counties
Albemarle County | $550K | $550K | 0.0% |
Buckingham County | $359.5K | $315K | -12.4% |
Housing Supply in Albemarle County, VA
How many homes are available in Albemarle County, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
419 | 438 | +4.5% |
Summary: The Albemarle County real estate market had 438 homes for sale in April 2024, a 4.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 8 | +60.0% |
2 Bedrooms | 26 | 27 | +3.8% |
3 Bedrooms | 172 | 184 | +7.0% |
4 Bedrooms | 157 | 163 | +3.8% |
5+ Bedrooms | 59 | 56 | -5.1% |
Summary: The Albemarle County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 5.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
93 | 98 | +5.4% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
47 Homes Were Sold
Over Asking
Summary: A total of 98 homes were sold or pending in Albemarle County in April 2024, up by 5.4% month-over-month. Of the 98 sold homes, 26% were sold under asking, 27% were sold at asking, and 48% were sold over asking.
Days on Market for Albemarle County, VA
How long does it take to sell a home in Albemarle County, VA?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 28 Days | -36.2% |
Summary: Homes in Albemarle County had an average of 28 days on market in Apr 2024, down by 36.2% compared to last month.
Breakdown of Home Sale Times
80 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 98 homes were sold in Albemarle County; 82% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.