Tracey Velt's Market Report

Charlottesville, VA

Single-Family Homes

HW Wire | Editorial Director | tracey@hwmedia.com | 407-716-0498


Charlottesville, VA

Thu Jul 09 2026
This week the median list price for Charlottesville, VA is $650,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has increased to 582. Click here to stay informed with the Charlottesville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Charlottesville, VA

Thu Jul 09 2026
This week the median list price for Charlottesville, VA is $650,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has increased to 582. Click here to stay informed with the Charlottesville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Charlottesville market.
Median List Price $650,000
Median Price of New Listings $624,550
Per Square Foot $232
Average Days on Market 88
Median Days on Market 56
Price Decreased 38%
Price Increased 0%
Relisted 7%
Inventory 582
Median Rent
Market Action 38
Slight Seller's Advantage

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,472,500 5,422 2.5 - 5 acres 4 4 26 6 9 70
$784,900 3,378 0.25 - 0.5 acre 4 3 15 16 6 56
$549,945 2,529 0.25 - 0.5 acre 3 2.5 28 14 16 35
$375,000 2,047 0.5 - 1 acre 3 2 32 12 20 49