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Featured local agent — Charlottesville, VA
Sarah Mitchell
Compass Real Estate · Charlottesville, VA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Charlottesville, VA Housing Market
The typical home in Charlottesville, VA is worth $515,056, fell 1.2% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $514,900, +11.9% year over year (through May 2026). With 2.1 months of supply and homes going under contract in about 19 days, Charlottesville is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $515,056 home is about $2,750/mo in principal and interest.
Key numbers for Charlottesville, VA
Typical home value
$515,056
-1.2% in 12 months
Zillow, August 2026
Typical asking rent
$1,959/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$514,900
+11.9% year over year
Redfin, through May 2026
Days on market
19
Fast-moving
Redfin, through May 2026
Active listings
111
2.1 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$69,829
Home costs 7.4x income
U.S. Census ACS, 2023
Sale-to-list ratio
99.5%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Charlottesville a buyer's or seller's market?
Charlottesville, VA is a seller's market, based on 2.1 months of supply and homes selling in about 19 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Charlottesville housing market data show?
Every row below is Redfin's final published month for Charlottesville, VA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $514,900 |
| Median list price | $519,000 |
| Year-over-year price change | +11.9% |
| Median price per sq ft | $324/sq ft |
| Median days on market | 19 days |
| Active inventory | 111 listings |
| Months of supply | 2.1 months |
| Sale-to-list price ratio | 99.5% |
| Homes sold (that month) | 53 |
| New listings (that month) | 63 |
| Listings with a price cut | 38.7% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Charlottesville is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Charlottesville is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Charlottesville home prices moved?
Over the last three years the median sale price in Charlottesville, VA rose 10.7%, from $465,000 to $514,900. The live Zillow value series has fell 1.2% in the last 12 months, which is the more current read now that Redfin's series has stopped. 38.7% of Charlottesville listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 2.1 months while the sale-to-list ratio slips below its current 99.5%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Charlottesville?
Priced off the typical home value of $515,056 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $103,011 | $412,045 | $2,750/mo |
| 5% | $25,753 | $489,303 | $3,265/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,750, that implies roughly $117,842 a year before you add taxes and insurance. The median household in Charlottesville earns $69,829, about $48,013 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 7.4x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Charlottesville in the next 12 months?
Tell us your timeline. We send the Charlottesville market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Charlottesville?
Typical asking rent in Charlottesville, VA is $1,959/mo, against a typical home value of $515,056. That is a price-to-rent ratio of 21.9x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $2,750 a month — $790 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Charlottesville?
Active listings in Charlottesville, VA went from 136 in May 2025 to 111 in May 2026, a -18.4% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 116 | 36 |
| July 2025 | 113 | 42 |
| August 2025 | 120 | 49 |
| September 2025 | 116 | 47 |
| October 2025 | 116 | 46 |
| November 2025 | 96 | 29 |
| December 2025 | 69 | 10 |
| January 2026 | 65 | 33 |
| February 2026 | 88 | 59 |
| March 2026 | 105 | 90 |
| April 2026 | 116 | 73 |
| May 2026 | 111 | 63 |
Redfin, through May 2026
How does Charlottesville compare to Virginia and the U.S.?
Charlottesville homes sell for $514,900 — 3% above the Virginia median of $499,300. Against the national median of $410,700, Charlottesville runs 25% higher. Year-over-year, Charlottesville moved +11.9% against Virginia's +3.9% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Charlottesville, VA | $514,900 | +11.9% | 19 days |
| Virginia statewide | $499,300 | +3.9% | 28 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Charlottesville
What buyers should watch
- Months of supply, currently 2.1. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 38.7%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $516 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $515,056 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Charlottesville listing goes under contract in 19 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 99.5% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Charlottesville added 63 new listings against 53 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -1.2% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Charlottesville varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Charlottesville
There are currently 111 homes listed for sale in Charlottesville, Virginia. The median listing price is $519K.
Active listings
111
Homes on market
Median list price
$519K
Avg. days on market
19
Days until sale
New this week
63
Newly listed
How much do homes cost in Charlottesville by property type?
How the Charlottesville, VA market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $605,000 | $320/sq ft | 36 | 11 days |
| Condo / co-op | $303,000 | $360/sq ft | 7 | 39 days |
| Townhouse | $385,000 | $262/sq ft | 9 | 29 days |
Who lives in Charlottesville?
American Community Survey estimates for Charlottesville. U.S. Census ACS, 2023
Population
45,863
Households
19,699
Median income
$69,829/yr
Median age
32.9 years
Owner-occupied
43.7%
Median home value
$448,400
Median gross rent
$1,453/mo
Mean commute
16.9 min
43.7% of occupied homes in Charlottesville are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $448,400 against Zillow's $515,056 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,453/mo, below Zillow's $1,959/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Charlottesville?
31 schools tracked · 14,277 students
The largest public schools serving Charlottesville, VA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Albemarle High
Grades 9-12 · 2,005 students
Charlottesville High
Grades 9-12 · 1,405 students
Monticello High
Grades 9-12 · 1,204 students
Mountain View Elementary
Grades PK-5 · 756 students
Baker-Butler Elem
Grades PK-5 · 735 students
Journey Middle
Grades 6-8 · 607 students
Walker Upper Elementary
Grades 5-6 · 604 students
Buford Middle
Grades 7-8 · 559 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Charlottesville, VA?
Ordered by distance from Charlottesville, not by size. Compare Charlottesville side by side with any of them.
Charlottesville housing market FAQ
Is Charlottesville a buyer's or seller's market?
Charlottesville, VA is currently a seller's market. That read comes from 2.1 months of supply, homes going under contract in about 19 days, and sellers getting 99.5% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Charlottesville?
The typical home in Charlottesville, VA is worth $515,056 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $514,900, about $324 per square foot.
Is Charlottesville cheaper than the rest of Virginia?
Charlottesville's median sale price of $514,900 is 3% higher than the Virginia statewide median of $499,300, and 25% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Charlottesville?
Homes in Charlottesville, VA spent a median of 19 days on market before going under contract, versus 28 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Charlottesville?
At the current 30-year fixed rate of 7.03%, 20% down on a $515,056 home is about $2,750 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $117,842 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $69,829.
Are home prices rising in Charlottesville?
The typical home value in Charlottesville, VA fell 1.2% over the last 12 months, from $521,062 to $515,056 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Charlottesville?
Charlottesville ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Charlottesville?
That depends on your timeline, not on a headline. What the data says today: Charlottesville, VA is a seller's market with 2.1 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 21.9x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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