$10,000 Closing Credit*
$1,250,000
2,410 SqFt
2 Beds
•2 Full Baths, 1 Partial
Kristin D Johnson, Listing Office: Thomas and Talbot Estate Properties, Inc.
Is 20115, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 20115 has remained a Seller's Market.
Key Takeaway
20115 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20115, VA
How much do homes in 20115, VA cost?
Median Sold Price
$603,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$63,000(+11.7%)
Key Takeaway
Homes in 20115 have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in 20115 was $603,000 in October 2024, up 11.7% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $312.5K | $730K | +133.6% |
| 3 Bedrooms | $444.9K | $425K | -4.5% |
| 4 Bedrooms | $800K | $743.2K | -7.1% |
| 5+ Bedrooms | $919.5K | $2.8M | +209.7% |
Summary: 20115 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 133.6%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 209.7%.
Housing Supply in 20115, VA
How many homes are available in 20115, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 40 | +33.3% |
Summary: The 20115 real estate market had 40 homes for sale in October 2024, a 33.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 18 | 22 | +22.2% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 20115 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20115, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 20115 in October 2024, up by 250.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for 20115, VA
How long does it take to sell a home in 20115, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 27 Days | +16.8% |
Summary: Homes in 20115 had an average of 27 days on market in Oct 2024, up by 16.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20115 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 20115; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.