Is Charlotte 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, Charlotte County was a Seller's Market.
Key Takeaway
Charlotte County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Charlotte County, VA
How much do homes in Charlotte County, VA cost?
Median Sold Price
$408,810
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Charlotte County have sold for 136.3% more than they did a year ago.
Summary: The median home sold price in Charlotte County was $408,810 in April 2024, up 136.3% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $254.9K | N/A |
| 2 Bedrooms | $135K | $162.4K | +20.3% |
| 3 Bedrooms | $176K | $469.9K | +167.0% |
| 4 Bedrooms | $209K | $414.5K | +98.3% |
| 5+ Bedrooms | $315K | $499.5K | +58.6% |
Summary: Charlotte County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.3%, 3 bedroom homes increased by 167%, 4 bedroom homes increased by 98.3%, and 5+ bedroom homes increased by 58.6%.
Median Sold Price Compared To Nearby Counties
| Charlotte County | $173K | $408.8K | +136.3% |
| Lunenburg County | $194K | $220K | +13.4% |
| Prince Edward County | $260K | $280K | +7.7% |
| Appomattox County | $260.9K | $279.9K | +7.3% |
| Campbell County | $263.8K | $270K | +2.3% |
Housing Supply in Charlotte County, VA
How many homes are available in Charlotte County, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 28 | +16.7% |
Summary: The Charlotte County real estate market had 28 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 18 | 24 | +33.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Charlotte County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Charlotte County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Charlotte County in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Charlotte County, VA
How long does it take to sell a home in Charlotte County, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 43 Days | +47.0% |
Summary: Homes in Charlotte County had an average of 43 days on market in Apr 2024, up by 47% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Charlotte County has remained consistent over time.
Summary: During April 2024, 3 homes were sold in Charlotte County; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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