$10,000 Closing Credit*
$850,000
1,976 SqFt
3 Beds
•2 Full Baths, 1 Partial
TREY DURHAM, Listing Office: KELLER WILLIAMS ALLIANCE - CHARLOTTESVILLE
Is 22940, 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, 22940 has remained a Seller's Market.
Key Takeaway
22940 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22940, VA
How much do homes in 22940, VA cost?
Median Sold Price
$580,000
$248/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$180,100(+45.0%)
Key Takeaway
Homes in 22940 have sold for 45% more than they did a month ago.
Summary: The median home sold price in 22940 was $580,000 in October 2024, up 45% from last month, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $399.9K | $175K | -56.2% |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | - | $985K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 22940 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 decreased by 56.2%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 22940, VA
How many homes are available in 22940, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Summary: The 22940 real estate market had 4 homes for sale in October 2024, a 20.0% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 22940 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
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 22940, 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 22940 in October 2024, up by 100.0% 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 22940, VA
How long does it take to sell a home in 22940, VA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 Days | 13 Days | +350.0% |
Summary: Homes in 22940 had an average of 13 days on market in Oct 2024, up by 350% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22940 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 22940; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
