Is Charles City, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Charles City is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Charles City was a Seller's Market.

Key Takeaway

Charles City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Charles City, VA

How much do homes in Charles City, VA cost?

Median Sold Price

$297,500

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,500(+10.2%)

Key Takeaway

Homes in Charles City have sold for 10.2% more than they did a year ago.

Summary: The median home sold price in Charles City was $297,500 in October 2024, up 10.2% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $138K-
N/A
2 $166K$72K
-56.6%
3 $270K$280K
+3.7%
4 $375K$340.5K
-9.2%
5+ $850K$635K
-25.3%

Summary: Charles City 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 56.6%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes decreased by 25.3%.

Median Sold Price Compared To Nearby Cities

Charles City
+10.2%
Providence Forge
+3.6%
Lanexa
+1.4%

Housing Supply in Charles City, VA

How many homes are available in Charles City, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1214+16.7%

Summary: The Charles City real estate market had 14 homes for sale in October 2024, a 16.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1012
+20.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Charles City 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 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Charles City, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Charles City in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Charles City, VA

How long does it take to sell a home in Charles City, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
8 Days36 Days+350.0%

Summary: Homes in Charles City had an average of 36 days on market in Oct 2024, up by 350% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Charles City has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Charles City; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

Newest Listings in Charles City, VA

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