Every quarter, the Charlottesville Area Association of Realtors releases a report on sales activity in the six localities in the Thomas Jefferson Planning District. This time around, CAAR reports activity is up slightly while median sales prices dipped slightly.
“There were 990 closed sales regionwide in the third quarter of 2025, 16 more sales than the third quarter of 2024, a two percent gain,” reads the executive summary of the report. “The third quarter median sales price in the CAAR market was $450,000, down $5,000 from a year ago, a one percent decrease.”
In 2021, there were 1,398 homes sold in the third quarter and the number dropped over the next three years.
Activity was not uniform across the six localities with Greene County seeing 106 sales in the quarter, up 33 percent from the same period in 2024. Fluvanna saw a 13 percent increase in activity with 113 homes sold, up 13 percent from 100 the year before.
Charlottesville saw a one percent increase with 98 homes sold compared to 97 in the third quarter of 2024.
Volumes were lower in Albemarle, Louisa, and Nelson County.
The median sales price in the third quarter of 2021 was $365,000 and increased for three consecutive years until the drop in July through September.
“Prices continued to fall in Charlottesville for the third straight quarter as Louisa and Nelson County experienced an uptick in median sales price,” reads page 10 of the report. “Virginia’s median sales price was $430,000 in the third quarter of 2025, 2.6% higher than the previous year.”
The median sales price in Charlottesville dropped 18 percent from $585,000 in 2024 to $481,000 in 2025. The median sales price in Albemarle dropped five percent to $536,000 from $562,000.
The median sales price was up six percent in Fluvanna ($376,000), seven percent in Louisa ($418,297), and seven percent in Nelson ($414,000).
“Homes sold in the CAAR area took longer to sell this quarter,” reads page 15 of the report. “At 18 days, the median days on market was seven days longer in the region compared to the same time a year ago.”
The number of homes on the market has also increased with 1,128 active listings as of September 30. That’s a 34 percent increase over 2024’s third quarter.
The report also notes that the number of building permits issued in the region is up with multifamily units driving an increase.
“So far through August 1,035 residential building permits have been issued, which is a 17 percent increase from this time last year, or 149 more permits,” reads page 4 of the report. ‘
That number comes from the U.S. Census Bureau and covers the Charlottesville Metropolitan Statistical Area which is slightly different from the TJPDC. Buckingham County is in the former but not the latter, while Louisa County is in the latter and not the former.
was originally published in the November 4, 2025 edition edition of Charlottesville Community Engagement. You can either subscribe through Substack, make a monthly contribution through Patreon, or consider becoming a sponsor. Another way you can help is to share this article with people you might be interested. Thank you for reading!
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