Charlottesville Area Real Estate Market Update – Q2 2025 Trends & Insights
The Charlottesville area real estate market showed a mix of cooling sales activity, rising home prices, and growing inventory in the second quarter of 2025. Whether you’re buying, selling, or investing, understanding these trends can help you make informed decisions.
Key Highlights for Q2 2025
- Closed Sales: 1,087 homes sold in the CAAR region, down 1% compared to last year.
- Median Sales Price: $485,000, up 5% year-over-year, adding nearly $25,000 in value.
- Active Listings: 1,034 properties on the market — a 32% increase in supply.
- Months of Supply: 3.4 months, up from 2.6 months in 2024.
- Mortgage Rates: Averaged 6.75% for a 30-year fixed loan in July, holding steady from last year.
Sales Trends by County
- Albemarle County: 467 sales (-4%), median price $575,000 (+8%), inventory up 23%.
- Charlottesville: 149 sales (+11%), median price $509,000 (-2%), inventory up 46%.
- Fluvanna County: 120 sales (-2%), median price $385,000 (+7%), inventory up 48%.
- Greene County: 85 sales (+15%), median price $432,432 (+8%), inventory up 70%.
- Louisa County: 199 sales (-12%), median price $445,000 (+11%), inventory up 44%.
- Nelson County: 67 sales (+16%), median price $435,000 (+6%), inventory down 5%.
What This Means for Buyers
Buyers now have more homes to choose from as inventory levels climb. While home prices remain on an upward trend, the increased supply could mean more negotiating power in some markets — especially in areas where days on market are rising.
What This Means for Sellers
Sellers still benefit from strong home values, but with more competition, strategic pricing and presentation are key to attracting buyers quickly. Homes in Greene County and Nelson County are moving fastest, with median days on market at 6 and 14 respectively.
Market Outlook
Experts predict the Charlottesville area market will remain active in the second half of 2025, supported by steady buyer demand, elevated mortgage rates, and a growing inventory of homes. Price growth may slow in some areas, but the region’s desirability continues to drive interest from local and out-of-town buyers.
Thinking of Buying or Selling in 2025?
Our team specializes in navigating changing market conditions. Whether you’re looking to buy your first home, sell for top value, or explore investment opportunities, we can help you make the most of the current market.
📞 Contact the Denise Ramey Team today to schedule your free consultation.
