$8,063 Closing Credit*
$679,000
3,416 SqFt
3 Beds
•3 Full Baths
CHARLOTTE DAMMANN, Listing Office: MCLEAN FAULCONER INC., REALTOR
Is 22911, 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, 22911 has remained a Seller's Market.
Key Takeaway
22911 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22911, VA
How much do homes in 22911, VA cost?
Median Sold Price
$533,750
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$54,044(+11.3%)
Key Takeaway
Homes in 22911 have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in 22911 was $533,750 in November 2024, up 11.3% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242.5K | $253K | +4.3% |
| 2 Bedrooms | $310K | $288.5K | -6.9% |
| 3 Bedrooms | $396K | $429.4K | +8.4% |
| 4 Bedrooms | $575.7K | $630.7K | +9.6% |
| 5+ Bedrooms | $786.9K | $833.7K | +5.9% |
Summary: 22911 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 5.9%.
Housing Supply in 22911, VA
How many homes are available in 22911, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 92 | 75 | -18.5% |
Summary: The 22911 real estate market had 75 homes for sale in November 2024, a 18.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 40 | 34 | -15.0% |
| 4 Bedrooms | 37 | 30 | -18.9% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The 22911 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 18.9%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22911, you may be able to get a good deal. 65.2% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in 22911 in November 2024, up by 4.5% month-over-month. Of the 23 sold homes, 65% were sold under asking, 13% were sold at asking, and 22% were sold over asking.
Days on Market for 22911, VA
How long does it take to sell a home in 22911, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 54 Days | +53.0% |
Summary: Homes in 22911 had an average of 54 days on market in Nov 2024, up by 53% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22911 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 23 homes were sold in 22911; 61% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 30% 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.