Charlottesville, VA

Tracey Velt's Market Report

Charlottesville, VA

Single-Family Homes

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

Fri May 02 2025
This week the median list price for Charlottesville, VA is $699,900 with the market action index hovering around 44. This is an increase over last month's market action index of 43. Inventory has held steady at or around 377. 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		$699,900
Median Price of New Listings		$750,000
Per Square Foot		$282
Average Days on Market		88
Median Days on Market		35
Price Decreased		28%
Price Increased		1%
Relisted		5%
Inventory		377
Median Rent
Market Action		44
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
$1,500,000	4,529	1 - 2.5 acres	5	4.5	35	18	10	35
$799,500	2,870	0.25 - 0.5 acre	4	3	21	15	10	35
$588,000	2,233	0.25 - 0.5 acre	3	2.5	29	13	16	35
$377,450	1,475	0.5 - 1 acre	3	2	54	15	18	35

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$1,500,000	4,529	1 - 2.5 acres	5	4.5	35	18	10	35
$799,500	2,870	0.25 - 0.5 acre	4	3	21	15	10	35
$588,000	2,233	0.25 - 0.5 acre	3	2.5	29	13	16	35
$377,450	1,475	0.5 - 1 acre	3	2	54	15	18	35

Median Price	Top $1,500,000	Upper $799,500	Lower $588,000	Bottom $377,450
Sq. Ft.	4,529	2,870	2,233	1,475
Lot Size	1 - 2.5 acres	0.25 - 0.5 acre	0.25 - 0.5 acre	0.5 - 1 acre
Beds	5	4	3	3
Baths	4.5	3	2.5	2
Age	35	21	29	54
New	18	15	13	15
Absorbed	10	10	16	18
DOM	35	35	35	35

Tracey Velt's Market Report