There is a lot to consider when looking at Crozet’s real estate market. I’ve never hidden that I’m a Realtor who represents sellers and buyers in Crozet, and I’m writing this post as much for me as for you.
One important note: when looking back at past years, I’ve typically broken down Crozet and Brownsville Elementary school districts. (see the bottom of this post) Those school districts were shaken up in 2022, so for this post I’m looking at Crozet + Brownsville.
The average sales prices for homes in Crozet is eye-popping. Average sales price for a single family home in Crozet in 2022 was $739,053.
Some additional notes on the Crozet Market
- This redistricting will necessarily change how I analyze properties for clients.
- Buyers should ensure that they know which district the house they are considering is in; often, Realtors will copy the previous listing without double checking. (we’re all human)
- I think the 2023 Crozet real estate market will be fine; likely not mid-2020 to mid 2022 busy, but a good market for sellers. And a hard one for buyers.
- For those who advocate for fewer homes in Crozet, please think about our kids who want to move back to be close to (grand)parents, and grandparents who want to move to Crozet to be closer to the (grand)kids. And consider the people who we ostensibly want to live and work in Crozet …
- From a volume perspective, I think we’re going to be closer to 2019 numbers than 2020-2022. We’ll see.
As we start to close out the end of January, a few quick numbers
- 303 homes – attached + single family – sold last year via the Charlottesville MLS
- 81 attached; average price was $474,190. 40 of the 81 were new construction; average price was $554,891.
- 222 single family homes; average price was $739,053. 88 of the 222 were new construction; average price of these homes was $846,320.
- Of the 303 homes that sold in Crozet last year, 29 were under $400K.
- 24 of the 29 had at least 3 bedrooms.
Inventory remains a challenge for buyers; and keeps a strong market for sellers.
- Last January, 19 non-new construction homes were listed in Crozet.
- It’s 27 January 2023, and so far, 5 non-new construction homes have been listed in Crozet. 2 of the 5 are under contract (one of those two is my listing)
- There is not much land left in Crozet to develop for new residential construction.
If you’re thinking about selling your home in Crozet, now is still a good time to do so, and still requires proper preparation, pricing, and representation.
If you’re thinking about buying a home in Crozet, please reach out if you are looking for buyer representation; it’s going to remain a challenging market in which to buy, but it’s doable.
If you have questions about the market, or are curious about a development you saw that might be coming, please call or email me anytime.
Read more: Looking Towards Crozet’s 2023 Real Estate Market
I’m going to be writing in my February monthly note about Albemarle County assessments; if you’re interested, you can subscribe here.