$5,759 Closing Credit*
$485,000
2,716 SqFt
3 Beds
•2 Full Baths, 1 Partial
Sarah Carswell, Listing Office: Joyner Fine Properties
Is 22974, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 22974 was a Neutral Market.
Key Takeaway
22974 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 22974, VA
How much do homes in 22974, VA cost?
Median Sold Price
$635,000
$239/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$105,000(+19.8%)
Key Takeaway
Homes in 22974 have sold for 19.8% more than they did a month ago.
Summary: The median home sold price in 22974 was $635,000 in December 2024, up 19.8% from last month, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $460K | $692.5K | +50.5% |
| 4 Bedrooms | $600K | - | N/A |
| 5+ Bedrooms | - | $565K | N/A |
Summary: 22974 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 50.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 22974, VA
How many homes are available in 22974, VA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The 22974 real estate market had 13 homes for sale in December 2024, a 7.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 22974 housing inventory by bedroom type for December 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 33.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 22974, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 22974 in December 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 22974, VA
How long does it take to sell a home in 22974, VA?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 21 Days | 59 Days | +181.0% |
Summary: Homes in 22974 had an average of 59 days on market in Dec 2024, up by 181% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 22974 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 3 homes were sold in 22974; 33% of homes were sold within 30 days, 33% 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.