Is Rivanna, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Rivanna has remained a Seller's Market.
Housing Prices in Rivanna, VA
How much do homes in Rivanna, VA cost?
Median Sold Price
$541,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rivanna was $541,000 in April 2024, up 12.8% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $295K | $235K | -20.3% |
2 Bedrooms | $320K | $307.5K | -3.9% |
3 Bedrooms | $395K | $415K | +5.1% |
4 Bedrooms | $568.5K | $600K | +5.5% |
5+ Bedrooms | $699K | $860K | +23.0% |
Summary: Rivanna housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.3%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 23%.
Median Sold Price Compared To Nearby Cities
Keswick | $680K | $854.5K | +25.7% |
Charlottesville | $450K | $510.3K | +13.4% |
Rivanna | $479.5K | $541K | +12.8% |
Housing Supply in Rivanna, VA
How many homes are available in Rivanna, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
90 | 91 | +1.1% |
Summary: The Rivanna real estate market had 91 homes for sale in April 2024, a 1.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 35 | 39 | +11.4% |
4 Bedrooms | 28 | 38 | +35.7% |
5+ Bedrooms | 21 | 9 | -57.1% |
Summary: The Rivanna housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes decreased by 57.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 17 | -34.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Rivanna in April 2024, down by 34.6% month-over-month. Of the 17 sold homes, 29% were sold under asking, 29% were sold at asking, and 41% were sold over asking.
Days on Market for Rivanna, VA
How long does it take to sell a home in Rivanna, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 8 Days | -49.5% |
Summary: Homes in Rivanna had an average of 8 days on market in Apr 2024, down by 49.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Rivanna; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.