$4,988 Closing Credit*
$420,000
1,787 SqFt
3 Beds
•2 Full Baths
Lisette B. Turner, Listing Office: Century 21 Redwood Realty
Is Clarke County, 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, Clarke County was a Seller's Market.
Key Takeaway
Clarke County 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 Clarke County, VA
How much do homes in Clarke County, VA cost?
Median Sold Price
$490,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$60,000(-10.9%)
Key Takeaway
Homes in Clarke County have sold for 10.9% less than they did a year ago.
Summary: The median home sold price in Clarke County was $490,000 in October 2024, down 10.9% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $270K | +10.2% |
| 2 Bedrooms | $318.2K | $350K | +10.0% |
| 3 Bedrooms | $450.4K | $448K | -0.5% |
| 4 Bedrooms | $593.5K | $651.4K | +9.8% |
| 5+ Bedrooms | $662.7K | $725K | +9.4% |
Summary: Clarke County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Counties
| Jefferson County | $365.1K | $399.9K | +9.5% |
| Loudoun County | $679.9K | $727.6K | +7.0% |
| Warren County | $360K | $384.7K | +6.9% |
| Frederick County | $395.2K | $415.7K | +5.2% |
| Clarke County | $550K | $490K | -10.9% |
Housing Supply in Clarke County, VA
How many homes are available in Clarke County, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 66 | +22.2% |
Summary: The Clarke County real estate market had 66 homes for sale in October 2024, a 22.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 16 | 22 | +37.5% |
| 5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Clarke County 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 11.1%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clarke County, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Clarke County in October 2024, up by 37.5% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for Clarke County, VA
How long does it take to sell a home in Clarke County, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 30 Days | +36.2% |
Summary: Homes in Clarke County had an average of 30 days on market in Oct 2024, up by 36.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Clarke County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Clarke County; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% 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.