Is Clarke County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Clarke County was a Seller's Market.
Key Takeaway
Clarke County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Clarke County, VA
How much do homes in Clarke County, VA cost?
Median Sold Price
$503,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Clarke County have sold for 5.1% less than they did a year ago.
Summary: The median home sold price in Clarke County was $503,000 in April 2024, down 5.1% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $262.5K | +11.7% |
| 2 Bedrooms | $251.9K | $325.5K | +29.2% |
| 3 Bedrooms | $390K | $454.9K | +16.7% |
| 4 Bedrooms | $599.9K | $602.5K | 0.4% |
| 5+ Bedrooms | $674.9K | $671.2K | -0.5% |
Summary: Clarke County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 29.2%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Counties
| Warren County | $340.6K | $379.9K | +11.5% |
| Frederick County | $377.3K | $400K | +6.0% |
| Loudoun County | $665.7K | $697.7K | +4.8% |
| Jefferson County | $355K | $370K | +4.2% |
| Clarke County | $529.9K | $503K | -5.1% |
Housing Supply in Clarke County, VA
How many homes are available in Clarke County, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 61 | +22.0% |
Summary: The Clarke County real estate market had 61 homes for sale in April 2024, a 22.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 4 | 8 | +100.0% |
| 3 Bedrooms | 27 | 27 | 0.0% |
| 4 Bedrooms | 16 | 20 | +25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Clarke County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 10 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clarke County, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Clarke County in April 2024, down by 37.5% month-over-month. Of the 10 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Clarke County, VA
How long does it take to sell a home in Clarke County, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 19 Days | -40.8% |
Summary: Homes in Clarke County had an average of 19 days on market in Apr 2024, down by 40.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Clarke County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Clarke County; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.