$3,859 Closing Credit*
$325,000
1,076 SqFt
2 Beds
•2 Full Baths
Janet Carroll, Listing Office: Integrity Choice Realty
Is Montpelier, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Montpelier has remained a Buyer'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
$475,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$500(-0.1%)
Key Takeaway
The sold price of homes in Montpelier has remained the same since last year.
Summary: The median home sold price in Montpelier was $475,000 in November 2024, down 0.1% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $167.5K | +179.2% |
| 2 Bedrooms | $239K | $304.6K | +27.5% |
| 3 Bedrooms | $369.9K | $395K | +6.8% |
| 4 Bedrooms | $600K | $649.9K | +8.3% |
| 5+ Bedrooms | $677.3K | $587.1K | -13.3% |
Summary: Montpelier housing prices by bedroom type for November 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 6.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 13.3%.
Median Sold Price Compared To Nearby Cities
| Doswell | $352K | $457.5K | +30.0% |
| South Anna | $470K | $525K | +11.7% |
| Rockville | $563K | $624.9K | +11.0% |
| Beaverdam | $548.3K | $571.3K | +4.2% |
| Montpelier | $475.5K | $475K | -0.1% |
Housing Supply in Montpelier, VA
How many homes are available in Montpelier, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 43 | +30.3% |
Summary: The Montpelier real estate market had 43 homes for sale in November 2024, a 30.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 16 | 22 | +37.5% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Montpelier housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Montpelier, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Montpelier in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 5 Days | 75 Days | +1405.0% |
Summary: Homes in Montpelier had an average of 75 days on market in Nov 2024, up by 1405% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Montpelier are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Montpelier; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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.