$170,000
7.04 Acres
Land
JULIE BALLARD, Listing Office: NEST REALTY GROUP
Is 22727, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, 22727 was a Seller's Market.
Key Takeaway
22727 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 22727, VA
How much do homes in 22727, VA cost?
Median Sold Price
$440,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$51,500(+13.3%)
Key Takeaway
Homes in 22727 have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in 22727 was $440,000 in September 2024, up 13.3% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149.2K | $215K | +44.1% |
| 2 Bedrooms | $170K | $469K | +175.9% |
| 3 Bedrooms | $365.5K | $385K | +5.3% |
| 4 Bedrooms | $424.9K | $675K | +58.9% |
| 5+ Bedrooms | $450K | $375K | -16.7% |
Summary: 22727 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.1%, 2 bedroom homes increased by 175.9%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 58.9%, and 5+ bedroom homes decreased by 16.7%.
Median Sold Price Compared To Nearby Zip Codes
| 22709 | $329K | $452.7K | +37.6% |
| 22727 | $388.5K | $440K | +13.3% |
Housing Supply in 22727, VA
How many homes are available in 22727, VA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 24 | 18 | -25.0% |
Summary: The 22727 real estate market had 18 homes for sale in September 2024, a 25.0% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 5 | -44.4% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 22727 housing inventory by bedroom type for September 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 44.4%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 22727, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 22727 in September 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 22727, VA
How long does it take to sell a home in 22727, VA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 83 Days | 32 Days | -61.0% |
Summary: Homes in 22727 had an average of 32 days on market in Sep 2024, down by 61% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22727 are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 2 homes were sold in 22727; 50% of homes were sold within 30 days, 50% 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. 
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