$10,000 Closing Credit*
$1,650,000
3,157 SqFt
4 Beds
•3 Full Baths, 2 Partial
Daniel R Vipperman, Listing Office: Pearson Smith Realty, LLC
Is 20198, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 20198 was a Seller's Market.
Key Takeaway
20198 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 20198, VA
How much do homes in 20198, VA cost?
Median Sold Price
$1,100,000
$298/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$400,100(+57.2%)
Key Takeaway
Homes in 20198 have sold for 57.2% more than they did a month ago.
Summary: The median home sold price in 20198 was $1,100,000 in October 2024, up 57.2% from last month, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $465K | - | N/A |
| 4 Bedrooms | $699.9K | - | N/A |
| 5+ Bedrooms | $2.0M | $1.1M | -45.0% |
Summary: 20198 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 45%.
Median Sold Price Compared To Nearby Zip Codes
| 20198 | $699.9K | $1.1M | +57.2% |
| 20137 | $900K | $782K | -13.1% |
Housing Supply in 20198, VA
How many homes are available in 20198, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Summary: The 20198 real estate market had 15 homes for sale in October 2024, a 6.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 20198 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20198, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 20198 in October 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 20198, VA
How long does it take to sell a home in 20198, VA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 160 Days | 123 Days | -23.5% |
Summary: Homes in 20198 had an average of 123 days on market in Oct 2024, down by 23.5% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 20198 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in 20198; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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.