$10,000 Closing Credit*
$907,500
3,248 SqFt
4 Beds
•3 Full Baths, 1 Partial
Daune Zook, Listing Office: Resource Realty Services
Is Montpelier, 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, Montpelier was a Seller's Market.
Key Takeaway
Montpelier is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Montpelier, VA
How much do homes in Montpelier, VA cost?
Median Sold Price
$472,475
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,975(+1.5%)
Key Takeaway
Homes in Montpelier have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Montpelier was $472,475 in October 2024, up 1.5% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $167.5K | +179.2% |
| 2 Bedrooms | $239K | $304.6K | +27.5% |
| 3 Bedrooms | $369.9K | $392.4K | +6.1% |
| 4 Bedrooms | $596K | $649.9K | +9.0% |
| 5+ Bedrooms | $739.8K | $587.1K | -20.6% |
Summary: Montpelier housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 179.2%, 2 bedroom homes increased by 27.5%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 9%, and 5+ bedroom homes decreased by 20.6%.
Median Sold Price Compared To Nearby Cities
| Doswell | $287K | $440K | +53.3% |
| Rockville | $563K | $626.2K | +11.2% |
| South Anna | $468.4K | $519.5K | +10.9% |
| Montpelier | $465.5K | $472.4K | +1.5% |
| Beaverdam | $557K | $556K | -0.2% |
Housing Supply in Montpelier, VA
How many homes are available in Montpelier, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 37 | +8.8% |
Summary: The Montpelier real estate market had 37 homes for sale in October 2024, a 8.8% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 12 | 17 | +41.7% |
| 5+ Bedrooms | 13 | 10 | -23.1% |
Summary: The Montpelier 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 14.3%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes decreased by 23.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
0 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 Montpelier, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Montpelier in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% were sold over asking.
Days on Market for Montpelier, VA
How long does it take to sell a home in Montpelier, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 6 Days | +26.3% |
Summary: Homes in Montpelier had an average of 6 days on market in Oct 2024, up by 26.3% compared to last year.
Breakdown of Home Sale Times
5 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 Montpelier are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Montpelier; 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.
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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.