$10,000 Closing Credit*
$1,275,000
4,529 SqFt
4 Beds
•4 Full Baths, 1 Partial
MICHAEL WRIGHT, Listing Office: RE/MAX REALTY SPECIALISTS-CHARLOTTESVILLE
Is 22947, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 22947 was a Buyer's Market.
Key Takeaway
22947 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 22947, VA
How much do homes in 22947, VA cost?
Median Sold Price
$792,888
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$62,111(-7.3%)
Key Takeaway
Homes in 22947 have sold for 7.3% less than they did a year ago.
Summary: The median home sold price in 22947 was $792,888 in October 2024, down 7.3% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $330K | N/A |
| 2 Bedrooms | $316K | $372.5K | +17.9% |
| 3 Bedrooms | $657.5K | $644.4K | -2.0% |
| 4 Bedrooms | $952K | $719.5K | -24.4% |
| 5+ Bedrooms | $1.1M | $1.2M | +9.5% |
Summary: 22947 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 increased by 17.9%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 24.4%, and 5+ bedroom homes increased by 9.5%.
Housing Supply in 22947, VA
How many homes are available in 22947, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 37 | +15.6% |
Summary: The 22947 real estate market had 37 homes for sale in October 2024, a 15.6% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 13 | +62.5% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The 22947 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 increased by 62.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22947, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 22947 in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for 22947, VA
How long does it take to sell a home in 22947, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 94 Days | +1181.8% |
Summary: Homes in 22947 had an average of 94 days on market in Oct 2024, up by 1181.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 22947 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 22947; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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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.