$10,000 Closing Credit*
$1,637,795
6,790 SqFt
6 Beds
•6 Full Baths, 1 Partial
Tracy M Jennings, Listing Office: DRH Realty Capital, LLC.
Is 20181, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 20181 has remained a Seller's Market.
Key Takeaway
20181 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20181, VA
How much do homes in 20181, VA cost?
Median Sold Price
$850,000
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$100,000(+13.3%)
Key Takeaway
Homes in 20181 have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in 20181 was $850,000 in November 2024, up 13.3% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $370K | $910K | +145.9% |
| 3 Bedrooms | $550K | $570K | +3.6% |
| 4 Bedrooms | $750K | $710K | -5.3% |
| 5+ Bedrooms | $937.5K | $1.1M | +20.0% |
Summary: 20181 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 145.9%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 20%.
Housing Supply in 20181, VA
How many homes are available in 20181, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 41 | -10.9% |
Summary: The 20181 real estate market had 41 homes for sale in November 2024, a 10.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 17 | 13 | -23.5% |
Summary: The 20181 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 23.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
4 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 20181, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 20181 in November 2024, down by 18.2% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for 20181, VA
How long does it take to sell a home in 20181, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 69 Days | +71.0% |
Summary: Homes in 20181 had an average of 69 days on market in Nov 2024, up by 71% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20181 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in 20181; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% 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.