$6,650 Closing Credit*
$560,000
2,269 SqFt
4 Beds
•3 Full Baths, 1 Partial
Paula McLemore, Listing Office: Pearson Smith Realty, LLC
Is 22408, 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, 22408 has remained a Seller's Market.
Key Takeaway
22408 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22408, VA
How much do homes in 22408, VA cost?
Median Sold Price
$435,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,000(+3.8%)
Key Takeaway
Homes in 22408 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 22408 was $435,000 in October 2024, up 3.8% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | - | N/A |
| 2 Bedrooms | $287K | $319K | +11.1% |
| 3 Bedrooms | $375K | $399.3K | +6.5% |
| 4 Bedrooms | $465K | $465K | 0.0% |
| 5+ Bedrooms | $549.7K | $569.5K | +3.6% |
Summary: 22408 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 11.1%, 3 bedroom homes increased by 6.5%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 3.6%.
Housing Supply in 22408, VA
How many homes are available in 22408, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 174 | 190 | +9.2% |
Summary: The 22408 real estate market had 190 homes for sale in October 2024, a 9.2% increase 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 | 17 | 16 | -5.9% |
| 3 Bedrooms | 58 | 73 | +25.9% |
| 4 Bedrooms | 73 | 71 | -2.7% |
| 5+ Bedrooms | 26 | 30 | +15.4% |
Summary: The 22408 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 decreased by 5.9%, 3 bedroom homes increased by 25.9%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 52 | 56 | +7.7% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22408, you may be able to get a good deal. 41.1% of homes here sold below asking price last month.
Summary: A total of 56 homes were sold or pending in 22408 in October 2024, up by 7.7% month-over-month. Of the 56 sold homes, 41% were sold under asking, 29% were sold at asking, and 30% were sold over asking.
Days on Market for 22408, VA
How long does it take to sell a home in 22408, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 21 Days | -15.8% |
Summary: Homes in 22408 had an average of 21 days on market in Oct 2024, down by 15.8% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22408 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 56 homes were sold in 22408; 70% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 4% 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. 
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved