$8,894 Closing Credit*
$749,000
2,840 SqFt
4 Beds
•2 Full Baths, 2 Partial
Ashleigh Cannon, Listing Office: Cheri Woodard Realty
Is 22740, 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, 22740 has remained a Seller's Market.
Key Takeaway
22740 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22740, VA
How much do homes in 22740, VA cost?
Median Sold Price
$450,000
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$75,000(-14.3%)
Key Takeaway
Homes in 22740 have sold for 14.3% less than they did a year ago.
Summary: The median home sold price in 22740 was $450,000 in October 2024, down 14.3% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $255K | N/A |
| 2 Bedrooms | $651.5K | $450K | -30.9% |
| 3 Bedrooms | $502.5K | $410K | -18.4% |
| 4 Bedrooms | $1.0M | $450K | -57.1% |
| 5+ Bedrooms | $1.0M | $1.2M | +18.6% |
Summary: 22740 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 decreased by 30.9%, 3 bedroom homes decreased by 18.4%, 4 bedroom homes decreased by 57.1%, and 5+ bedroom homes increased by 18.6%.
Median Sold Price Compared To Nearby Zip Codes
| 22835 | $275K | $269.9K | -1.9% |
| 22740 | $525K | $450K | -14.3% |
Housing Supply in 22740, VA
How many homes are available in 22740, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Summary: The 22740 real estate market had 15 homes for sale in October 2024, a 15.4% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 22740 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 5 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 22740, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 22740 in October 2024, up by 100.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for 22740, VA
How long does it take to sell a home in 22740, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 84 Days | +230.2% |
Summary: Homes in 22740 had an average of 84 days on market in Oct 2024, up by 230.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 22740 has remained consistent over time.
Summary: During October 2024, 5 homes were sold in 22740; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 40% 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.