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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 & Real Estate
Housing market overview · Updated monthly ·
$514,900median sale price
How is the Charlottesville, VA housing market right now?
The median home sale price in Charlottesville, VA is $514,900, up 11.9% year-over-year. Homes sell in an average of 19 days with 111 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Charlottesville a buyer's or seller's market?
Charlottesville, VA is currently a seller's market, based on 2.1 months of supply and homes selling in about 19 days. How we determine this →
Homes sold
53
Last 12 weeks
Days on market
19
Fast-moving
Active listings
111
2.1 months supply
Sale-to-list
99.5%
Below asking
What does the Charlottesville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $514,900 |
| Median list price | $519,000 |
| Year-over-year price change | +11.9% |
| Average days on market | 19 days |
| Active inventory | 111 listings |
| Months of supply | 2.1 months |
| Sale-to-list price ratio | 99.5% |
| Median price per sq ft | $324/sq ft |
| Homes sold (latest month) | 53 |
| New listings (latest month) | 63 |
| Listings with a price cut | 38.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Charlottesville by property type?
How the Charlottesville, VA market breaks down across single-family homes, condos, and townhouses.
| 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 |
Source: Redfin · Updated monthly
The Charlottesville housing market is currently classified as a seller's market with a median sale price of $514,900. Prices have risen 11.9% compared to last year, with homes spending an average of 19 days on market, indicating 2.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.6x provides context for how home values compare to local earning capacity.
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
Who lives in Charlottesville?
Population
45,863
Median income
$69,829/yr
Median age
32.9 years
Owner-occupied
43.7%
College grads
60.6%
Avg commute
16.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Charlottesville?
Zillow home value
$527,611
Zillow rent index
$2,021/mo
Price-to-rent ratio
21.8x
Price-to-income
7.6x
Source: Zillow Research
What is it like to live in Charlottesville?
Charlottesville is a community of approximately 46K residents with a median age of 32.9 years.The median household income is $69,829, which represents a working-class community with solid middle-income opportunities. 60.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 43.7%, showing a blend of owner and renter-occupied properties. The average commute time is 16.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Charlottesville offers a balanced lifestyle with accessible home values relative to local income levels.
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?
Want a head-to-head view? Compare Charlottesville side-by-side with any other U.S. city using our market-comparison tool.
Is Charlottesville a good real estate investment market?
For investors evaluating Charlottesville, the price-to-rent ratio of 21.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 11.9% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Charlottesville's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Charlottesville's median home price.
Frequently asked questions
What is the average home price in Charlottesville?
The median home sale price in Charlottesville is $514,900, up 11.9% from last year.
How long do homes stay on market in Charlottesville?
Homes typically spend 19 days on market before going under contract.
What is the median income in Charlottesville?
The median household income is $69,829 per year.
Is Charlottesville a buyer's or seller's market?
With 2.1 months of supply, Charlottesville is currently a seller's market.
What is the Zillow home value estimate for Charlottesville?
The Zillow Home Value Index (ZHVI) for Charlottesville is $527,611, representing the typical home value in the area.
What is the median condo price in Charlottesville?
The median condo/co-op sale price in Charlottesville, VA is $303,000, compared to $605,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Charlottesville?
The median single-family home price in Charlottesville, VA is $605,000 (about $320 per square foot).
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