Charlottesville, VA

Tracey Velt's Market Report

Charlottesville, VA

Single-Family Homes

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

Thu Nov 21 2024
This week the median list price for Charlottesville, VA is $586,027 with the market action index hovering around 39. This is an increase over last month's market action index of 38. Inventory has held steady at or around 378. 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		$586,027
Median Price of New Listings		$425,000
Per Square Foot		$258
Average Days on Market		110
Median Days on Market		63
Price Decreased		36%
Price Increased		1%
Relisted		6%
Inventory		378
Median Rent
Market Action		39
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
$1,495,000	4,405	1 - 2.5 acres	4	4	32	4	9	105
$699,000	2,655	0.5 - 1 acre	4	3	16	7	12	73
$514,900	2,190	0.25 - 0.5 acre	3	2.5	34	6	7	70
$339,990	1,539	0.25 - 0.5 acre	3	2	34	17	9	42

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$1,495,000	4,405	1 - 2.5 acres	4	4	32	4	9	105
$699,000	2,655	0.5 - 1 acre	4	3	16	7	12	73
$514,900	2,190	0.25 - 0.5 acre	3	2.5	34	6	7	70
$339,990	1,539	0.25 - 0.5 acre	3	2	34	17	9	42

Median Price	Top $1,495,000	Upper $699,000	Lower $514,900	Bottom $339,990
Sq. Ft.	4,405	2,655	2,190	1,539
Lot Size	1 - 2.5 acres	0.5 - 1 acre	0.25 - 0.5 acre	0.25 - 0.5 acre
Beds	4	4	3	3
Baths	4	3	2.5	2
Age	32	16	34	34
New	4	7	6	17
Absorbed	9	12	7	9
DOM	105	73	70	42

Tracey Velt's Market Report