What’s the Most Popular Home Price Point in Charlottesville and Albemarle?

At a lunch with yesterday, I was asked, “what’s the most popular price point in Albemarle?” My professional instinct said “between $350k and $450k” but as always, I wanted to back that up with actual data.

Looking solely at single family homes in Albemarle County, about 40% of the active inventory is between $300k and $650k.

Albemarle Single Family Active Homes for Sale

And the single family homes in Albemarle that have sold since the first of 2013, a greater percentage of the inventory has sold in the $300k – $650k price point than is active.

Albemarle Single Family Sold since 1 January 2013

(if you’re curious to search the Charlottesville MLS for single family homes for sale in Albemarle)

Great. That’s what’s for Sale and Sold in Albemarle County; let’s look at the home price distribution in the City of Charlottesville – nearly 60% of the active inventory is priced between $220k and $500k.

City of Charlottesville Single Family Active

Looking at the single family homes that have sold since the first of 2013 in the City of Charlottesville, I was a bit surprised to see the relatively lower price point distribution, but not that about 60% of the inventory had sold in that price point.

City of Charlottesville Single Family Sold

Look for yourself …

(if you’re curious to search the MLS for single family homes for sale in Charlottesville)

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