$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 Free Union, 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, Free Union has remained a Seller's Market.
Key Takeaway
Free Union is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Free Union, VA
How much do homes in Free Union, 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 Free Union have sold for 45% more than they did a month ago.
Summary: The median home sold price in Free Union 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: Free Union 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 Free Union, VA
How many homes are available in Free Union, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Summary: The Free Union 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 Free Union 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 Free Union, 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 Free Union 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 Free Union, VA
How long does it take to sell a home in Free Union, VA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 Days | 13 Days | +350.0% |
Summary: Homes in Free Union 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 Free Union are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Free Union; 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.
