Is Charlottesville, 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, Charlottesville has remained a Seller's Market.
Housing Prices in Charlottesville, VA
How much do homes in Charlottesville, VA cost?
Median Sold Price
$562,750
$256/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Charlottesville was $562,750 in April 2024, up 3.3% from last month, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $325K | $393.5K | +21.1% |
2 Bedrooms | $285.5K | $351K | +22.9% |
3 Bedrooms | $435K | $511.5K | +17.6% |
4 Bedrooms | $725K | $609K | -16.0% |
5+ Bedrooms | $849.8K | $788.5K | -7.2% |
Summary: Charlottesville housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes increased by 21.1%, 2 bedroom homes increased by 22.9%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes decreased by 7.2%.
Median Sold Price Compared To Nearby Cities
Rio | $510K | $609K | +19.4% |
Jack Jouett | $514.2K | $547.6K | +6.5% |
Charlottesville | $545K | $562.7K | +3.3% |
Samuel Miller | $695K | $615K | -11.5% |
Housing Supply in Charlottesville, VA
How many homes are available in Charlottesville, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
432 | 456 | +5.6% |
Summary: The Charlottesville real estate market had 456 homes for sale in April 2024, a 5.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 19 | +46.2% |
2 Bedrooms | 50 | 60 | +20.0% |
3 Bedrooms | 187 | 194 | +3.7% |
4 Bedrooms | 126 | 129 | +2.4% |
5+ Bedrooms | 56 | 54 | -3.6% |
Summary: The Charlottesville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 46.2%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 3.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
106 | 121 | +14.2% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
68 Homes Were Sold
Over Asking
Summary: A total of 121 homes were sold or pending in Charlottesville in April 2024, up by 14.2% month-over-month. Of the 120 sold homes, 23% were sold under asking, 21% were sold at asking, and 57% were sold over asking.
Days on Market for Charlottesville, VA
How long does it take to sell a home in Charlottesville, VA?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 17 Days | -51.4% |
Summary: Homes in Charlottesville had an average of 17 days on market in Apr 2024, down by 51.4% compared to last month.
Breakdown of Home Sale Times
109 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 121 homes were sold in Charlottesville; 90% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.