Charlottesville & Albemarle Real Estate: Current Local Market Data & Insights
Charlottesville & Albemarle Real Estate: Current Local Market Data & Insights
Apr 12, 2025
Apr 12, 2025


Navigating the Charlottesville & Albemarle Real Estate Market: Why Local Data Matters
In today’s real estate world, national headlines often paint a dramatic picture. You’ve probably seen the alarming reports, like the claim that there are “500,000 more home sellers than buyers” across the U.S. But while these headlines may grab attention, they don’t always reflect what’s happening in your own backyard.
For buyers and sellers in Charlottesville and Albemarle County, local real estate experts stress the importance of tuning out the national noise and focusing on your specific market. Much of the inflated national data comes from high-volume states like Florida and Texas, where housing supply trends don't necessarily mirror what’s happening here.
So what’s really going on in our local market?
Local Market Snapshot – June 2025
As of the most recent analysis, Charlottesville and Albemarle County are seeing a peak in home listings, with 501 active homes currently on the market.
Here’s what the numbers are telling us:
Days on Market: The average number of days homes are staying on the market is 75, with a median of 45 days. This median has been creeping upward recently.
Resale vs. New Construction: When you exclude new construction, we’re left with 367 resale homes available. The average and median days on market remain nearly the same, with 75 average and 42 median.
Median Price Point: The median home price in the Charlottesville and Albemarle area stands at $595,000.
Total Market Value: Currently, there is about $455 million worth of real estate listed in the local area.
What Does This Mean for Buyers and Sellers?
While some markets across the country are seeing swelling inventories and slower movement, our local market remains steady. Total active listings have only slightly decreased, dropping from 522 homes four weeks ago to 501 today. That kind of consistency suggests that buyer activity remains strong.
The real pinch point is resale inventory. With only 367 existing homes for sale, the tightness in the resale market continues to support home values. It is one of the key reasons prices remain elevated in both the city and county.
Even if national inventory trends eventually influence our region, we are still far from the saturation levels seen in other metros. For now, Charlottesville and Albemarle remain seller-friendly, with healthy demand continuing to support prices and activity.
Bottom Line: Know Your Micro Market
Whether you're considering buying or selling, your best move is to understand what’s happening locally. National statistics can only tell part of the story, and in real estate, the micro market often matters most.
Want the full breakdown? Watch the full local market update here:
Watch on YouTube
Navigating the Charlottesville & Albemarle Real Estate Market: Why Local Data Matters
In today’s real estate world, national headlines often paint a dramatic picture. You’ve probably seen the alarming reports, like the claim that there are “500,000 more home sellers than buyers” across the U.S. But while these headlines may grab attention, they don’t always reflect what’s happening in your own backyard.
For buyers and sellers in Charlottesville and Albemarle County, local real estate experts stress the importance of tuning out the national noise and focusing on your specific market. Much of the inflated national data comes from high-volume states like Florida and Texas, where housing supply trends don't necessarily mirror what’s happening here.
So what’s really going on in our local market?
Local Market Snapshot – June 2025
As of the most recent analysis, Charlottesville and Albemarle County are seeing a peak in home listings, with 501 active homes currently on the market.
Here’s what the numbers are telling us:
Days on Market: The average number of days homes are staying on the market is 75, with a median of 45 days. This median has been creeping upward recently.
Resale vs. New Construction: When you exclude new construction, we’re left with 367 resale homes available. The average and median days on market remain nearly the same, with 75 average and 42 median.
Median Price Point: The median home price in the Charlottesville and Albemarle area stands at $595,000.
Total Market Value: Currently, there is about $455 million worth of real estate listed in the local area.
What Does This Mean for Buyers and Sellers?
While some markets across the country are seeing swelling inventories and slower movement, our local market remains steady. Total active listings have only slightly decreased, dropping from 522 homes four weeks ago to 501 today. That kind of consistency suggests that buyer activity remains strong.
The real pinch point is resale inventory. With only 367 existing homes for sale, the tightness in the resale market continues to support home values. It is one of the key reasons prices remain elevated in both the city and county.
Even if national inventory trends eventually influence our region, we are still far from the saturation levels seen in other metros. For now, Charlottesville and Albemarle remain seller-friendly, with healthy demand continuing to support prices and activity.
Bottom Line: Know Your Micro Market
Whether you're considering buying or selling, your best move is to understand what’s happening locally. National statistics can only tell part of the story, and in real estate, the micro market often matters most.
Want the full breakdown? Watch the full local market update here:
Watch on YouTube