Charlottesville, VA

Tracey Velt's Market Report

Charlottesville, VA

Single-Family Homes

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

Wed Jan 22 2025
This week the median list price for Charlottesville, VA is $550,000 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has held steady at or around 238. Click here to stay informed with the Charlottesville market!

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

Slight Seller's Advantage

Median List Price		$550,000
Median Price of New Listings		$447,000
Per Square Foot		$259
Average Days on Market		137
Median Days on Market		95
Price Decreased		32%
Price Increased		2%
Relisted		10%
Inventory		238
Median Rent
Market Action		41
Slight Seller's Advantage

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

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$1,384,950	4,048	1 - 2.5 acres	4	4	27	1	3	105
$675,000	2,442	1 - 2.5 acres	3	3	25	0	8	119
$464,998	1,864	0.25 - 0.5 acre	3	2.3	33	7	13	84
$325,000	1,387	0.5 - 1 acre	3	2	36	6	6	70

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$1,384,950	4,048	1 - 2.5 acres	4	4	27	1	3	105
$675,000	2,442	1 - 2.5 acres	3	3	25	0	8	119
$464,998	1,864	0.25 - 0.5 acre	3	2.3	33	7	13	84
$325,000	1,387	0.5 - 1 acre	3	2	36	6	6	70

Median Price	Top $1,384,950	Upper $675,000	Lower $464,998	Bottom $325,000
Sq. Ft.	4,048	2,442	1,864	1,387
Lot Size	1 - 2.5 acres	1 - 2.5 acres	0.25 - 0.5 acre	0.5 - 1 acre
Beds	4	3	3	3
Baths	4	3	2.3	2
Age	27	25	33	36
New	1	0	7	6
Absorbed	3	8	13	6
DOM	105	119	84	70

Tracey Velt's Market Report