Charlottesville VA Housing Market Update: Prices Up, Rates Below 6%
Charlottesville, VA – February 27, 2026 – January closings pointed to higher median sale prices while list-value trends looked steadier; inventory remains limited, and mortgage …
Charlottesville, VA is heading toward spring with a mixed set of signals. Recent closed-sale pricing moved higher, while broader home-value trends appeared steadier. Redfin also reports 21 homes sold in January, slightly fewer than a year earlier.
Top takeaways
- Closed-sale prices: Redfin’s January 2026 median sale price was about $617K, with homes selling in roughly 25 days.
- Home values and supply: Zillow’s typical home value was about $504K (data through Jan. 31), with 239 homes in for-sale inventory and 50 new listings.
- Mortgage rates: Freddie Mac’s 30-year fixed average was 5.98% as of Feb. 26, 2026.
What’s for sale (examples)
- Single-family homes around the high-$500Ks.
- New-construction plans starting around the mid-$600Ks.
- Condos around the mid-$300Ks.
What to watch next
If rates continue to drift lower, competition may pick up quickly for well-priced, move-in-ready listings. The next signal to track is whether more homes come to market as spring approaches.
Sources
- https://www.redfin.com/city/3867/VA/Charlottesville/housing-market
- https://www.zillow.com/home-values/246823/redland-charlottesville-va/
- https://www.zillow.com/charlottesville-va/
- https://www.globenewswire.com/news-release/2026/02/26/3245903/0/en/Mortgage-Rates-Drop-Below-6-for-the-First-Time-in-3-5-Years.html