$8,014 Closing Credit*
$674,900
2,459 SqFt
4 Beds
•2 Full Baths, 1 Partial
Philip L Thornton IV, Listing Office: Long & Foster Real Estate, Inc.
Is 22701, 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, 22701 has remained a Seller's Market.
Key Takeaway
22701 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22701, VA
How much do homes in 22701, VA cost?
Median Sold Price
$456,250
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,250(+7.4%)
Key Takeaway
Homes in 22701 have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in 22701 was $456,250 in November 2024, up 7.4% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $434K | N/A |
| 2 Bedrooms | $269.9K | $275K | +1.9% |
| 3 Bedrooms | $380K | $396K | +4.2% |
| 4 Bedrooms | $469K | $505K | +7.7% |
| 5+ Bedrooms | $542.5K | $529.9K | -2.3% |
Summary: 22701 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 1.9%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 2.3%.
Housing Supply in 22701, VA
How many homes are available in 22701, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 161 | 132 | -18.0% |
Summary: The 22701 real estate market had 132 homes for sale in November 2024, a 18.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 8 | -38.5% |
| 3 Bedrooms | 74 | 69 | -6.8% |
| 4 Bedrooms | 59 | 42 | -28.8% |
| 5+ Bedrooms | 15 | 13 | -13.3% |
Summary: The 22701 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 38.5%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 28.8%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 23 | -54.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22701, expect to pay close to the asking price. 43.5% of homes here sold near the asking price last month.
Summary: A total of 23 homes were sold or pending in 22701 in November 2024, down by 54.9% month-over-month. Of the 23 sold homes, 35% were sold under asking, 43% were sold at asking, and 22% were sold over asking.
Days on Market for 22701, VA
How long does it take to sell a home in 22701, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 42 Days | +90.7% |
Summary: Homes in 22701 had an average of 42 days on market in Nov 2024, up by 90.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22701 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 23 homes were sold in 22701; 65% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 13% 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.