Tracey Velt's Market Report
Charlottesville, VA
Single-Family Homes
HW Wire | Editorial Director | tracey@hwmedia.com | 407-716-0498
Charlottesville, VA
Sun May 24 2026
This week the median list price for Charlottesville, VA is $687,000 with the market action index hovering around 39. This is an increase over last month's market action index of 37. Inventory has increased to 570.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $687,000 | |
| Median Price of New Listings | $592,000 | |
| Per Square Foot | $235 | |
| Average Days on Market | 83 | |
| Median Days on Market | 49 | |
| Price Decreased | 34% | |
| Price Increased | 0% | |
| Relisted | 5% | |
| Inventory | 570 | |
| Median Rent | ||
| Market Action | 39 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $1,500,000 | 5,591 | 2.5 - 5 acres | 4 | 4 | 25 | 16 | 10 | 49 |
| $799,900 | 3,381 | 0.25 - 0.5 acre | 4 | 3.3 | 16 | 16 | 15 | 42 |
| $575,000 | 2,544 | 0.5 - 1 acre | 3 | 2.5 | 24 | 21 | 21 | 49 |
| $384,950 | 1,855 | 0.5 - 1 acre | 3 | 2 | 30 | 19 | 21 | 42 |