Is Fluvanna County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fluvanna County has remained a Seller's Market.
Key Takeaway
Fluvanna County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fluvanna County, VA
How much do homes in Fluvanna County, VA cost?
Median Sold Price
$360,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fluvanna County have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Fluvanna County was $360,000 in May 2024, up 2.9% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $470K | $99.9K | -78.7% |
| 2 Bedrooms | $338.1K | $251.5K | -25.6% |
| 3 Bedrooms | $335K | $320.8K | -4.2% |
| 4 Bedrooms | $410K | $423.5K | +3.3% |
| 5+ Bedrooms | $525K | $573.7K | +9.3% |
Summary: Fluvanna County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 78.7%, 2 bedroom homes decreased by 25.6%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Counties
| Louisa County | $352.5K | $399.9K | +13.5% |
| Cumberland County | $271K | $293.7K | +8.4% |
| Fluvanna County | $350K | $360K | +2.9% |
Housing Supply in Fluvanna County, VA
How many homes are available in Fluvanna County, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 141 | 131 | -7.1% |
Summary: The Fluvanna County real estate market had 131 homes for sale in May 2024, a 7.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 5 | -37.5% |
| 3 Bedrooms | 78 | 76 | -2.6% |
| 4 Bedrooms | 41 | 36 | -12.2% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Fluvanna County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 37.5%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 42 | +10.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fluvanna County, you could pay more than the asking price. 46.3% of homes here sold above asking price last month.
Summary: A total of 42 homes were sold or pending in Fluvanna County in May 2024, up by 10.5% month-over-month. Of the 41 sold homes, 22% were sold under asking, 32% were sold at asking, and 46% were sold over asking.
Days on Market for Fluvanna County, VA
How long does it take to sell a home in Fluvanna County, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 34 Days | +26.0% |
Summary: Homes in Fluvanna County had an average of 34 days on market in May 2024, up by 26% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fluvanna County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 42 homes were sold in Fluvanna County; 79% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.