Charlottesville, VA Foreclosures
How much do homes sell for in Charlottesville, VA?
The average home price is currently $684,393.
In Charlottesville, VA, how many homes are available?
There are currently 106 active home listings available in Charlottesville.
What’s the average rental cost in Charlottesville, VA?
The average rental price in Charlottesville is $1,754.
What is the most expensive home in Charlottesville?
The most expensive home sold in Charlottesville had a price of $136,563,392.
What is currently the cheapest priced home in Charlottesville, VA?
The cheapest home for sale in Charlottesville is priced at $28,552.
Living in Charlottesville, VA
Charlottesville, VA is a charming city combining historical significance with modern living. Known for its beautiful landscapes, vibrant cultural scene, and top-notch educational institutions, it attracts a diverse population. Residents can enjoy lush parks, engaging community events, and a plethora of outdoor activities just a stone's throw from the city center.
Current Market Conditions in Charlottesville, VA
Charlottesville's real estate market has been experiencing steady growth over the past year, with a noticeable increase in demand for housing. The combination of its picturesque setting, academic impact, and cultural richness continues to drive home values higher. While inventory levels have fluctuated, homes in prime locations, particularly near the University of Virginia, are highly competitive and often sell quickly at or above asking prices.
In the past few months, the market has shown signs of a slight cooling after a period of intense growth, reflecting broader national trends. This shift may provide opportunities for buyers as interest rates stabilize and more homes become available. Nonetheless, the allure of Charlottesville as a desirable location remains strong, sustaining buyer interest and investment in the housing market.
Home Value Estimator For Charlottesville, VA
There are currently 36,688 real estate properties
in Charlottesville, VA,
with a median automated valuation model (AVM) price
of $502,394.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Charlottesville, VA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Charlottesville, VA,
is $684,393.00, with the most expensive house
in Charlottesville, VA, topping out
at $136,563,392.00 and the cheapest home
in Charlottesville, VA,
clocking in at $28,552.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Charlottesville, VA!
Rent Prices
In Charlottesville, VA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Charlottesville, VA, is on
a rollercoaster ride. The
average rent price in Charlottesville, VA,
is $1,754.00. Indeed, when looking to rent in
Charlottesville, VA, you can expect to pay as little
as $740.00 or as much
as $5,500.00,
with the average rent median estimated to
be $1,600.00. The good news is that finding
an affordable and desirable property to rent in Charlottesville, VA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
