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Market Statistics

Over or Under Asking Price for Homes Sold in August in Albemarle County?

Over or Under Asking Price for Homes Sold in August in Albemarle County?

The 2025 Charlottesville – Albemarle real estate market is likely a very different one than when you last bought or sold a home.

I’m not going to write a full market analysis post, but thought this was a useful look at one broad market segment in Albemarle County.

I looked at resale sold via MLS single family homes in Albemarle County in August of 2025, 2021, and 2007. The numbers speak for themselves.

A brief window into days on market

  • Median days on market for resale sold single family homes in Albemarle County – 19.
    • In 2024, that number is 9

Solds are looking at contracts written 45-60 days ago. For a more up to date look, I look at pendings.

  • Median days on market for resale single family detached homes in Albemarle County for 8/1 to 9/18:
    • 2025: 16 (135 contracts)
    • 2024: 13 (131 contracts)
    • 2023: 6 (93)
    • 2022: 8 (147)
    • 2021: 7 (174)
    • 2020: 21 (219)
    • 2019: 38 (145)

Note: I borrowed the idea for this chart from Ryan Lundquist.


And via BlueSky via Rich Fravel

Using BLS calculator for equivalent August 2025 buying power.
2025: $545,000 -> $545,000
2021: $399,000 -> $472,500
2007: $357,500 -> $557,056
Interesting. Guessing 2007 median price reflects August housing market “bubble” before the later subprime mortgage crisis and collapse.

Questions about the Market?


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Jim Duncan has been helping buyers and sellers in Charlottesville’s neighborhoods for 25 years. Get local insight born of experience.

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Jim Duncan has been helping buyers and sellers in Charlottesville’s neighborhoods for 25 years. Get local insight born of experience.