charlottesville Market Report

The City of Charlottesville may only be 10 square miles, but it packs a lot of punch. Consistently featured as a small town with big city options, Charlottesville is full of culture, entertainment, and fantastic food. The University of Virginia serves as one of the area’s major employers and also as the cultural hub of Central Virginia. About a mile from UVA, the rejuvenated Downtown Mall is an outdoor pedestrian mall lined with eclectic shops, wine bars, music venues, and top-notch eateries. Charlottesville real estate options include a mix of new in-fill developments and established, classic neighborhoods with mature trees and traditional architecture. Several neighborhoods are within steps of either the Downtown Mall or UVA, but convenience comes at a price. If you are willing to walk (or bike) a mile, then prices become much more affordable.

DATE RANGE:     Jun 2012 - May 2013     1 Year     3 Years     5 Years


Days on Market

  • The number of days a home has been listed before going under contract
  • Lower housing supply and more demand leads to a lower DOM
  • 2009 MSA Average for Single Family Homes: 119
  • Dashed line shows 1 year average
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Total Sales

  • The total number of single family home sales in the Charlottesville MSA
  • Sales tend to be seasonal in our area: weighted more towards Spring and Summer
  • 2009 Total MSA Single Family Home Sales: 1666
  • Dashed line shows 1 year average
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Median Home Price

  • Median is the number that indicates 1/2 of the sample is higher and 1/2 is lower
  • Generally believed to be more relevant than average price
  • 2009 MSA Median Single Family Home Price: $282,982
  • Dashed line shows 1 year average
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Source: CAARMLS - 06/08/2013 : 00:12 AM
Charlottesville MSA includes Charlottesville, Albemarle, Fluvanna, Greene, Louisa, and Nelson.
Calculations based on detatched homes.