$6,407 Closing Credit*
$539,500
2,821 SqFt
4 Beds
•3 Full Baths
Ronald E Petrella, Listing Office: Pearson Smith Realty, LLC
Is 22724, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 22724 has remained a Seller's Market.
Key Takeaway
22724 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22724, VA
How much do homes in 22724, VA cost?
Median Sold Price
$607,500
$197/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$12,000(+2.0%)
Key Takeaway
Homes in 22724 have sold for 2% more than they did a month ago.
Summary: The median home sold price in 22724 was $607,500 in October 2024, up 2% from last month, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $550K | $515K | -6.4% |
| 4 Bedrooms | $641K | $600K | -6.4% |
| 5+ Bedrooms | - | $710K | N/A |
Summary: 22724 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 decreased by 6.4%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes did not change.
Housing Supply in 22724, VA
How many homes are available in 22724, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The 22724 real estate market had 11 homes for sale in October 2024, a 8.3% 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 | 0 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 22724 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22724, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 22724 in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 22724, VA
How long does it take to sell a home in 22724, VA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 109 Days | 17 Days | -84.2% |
Summary: Homes in 22724 had an average of 17 days on market in Oct 2024, down by 84.2% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22724 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 22724; 83% of homes were sold within 30 days, 17% 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.