Altos Market Data for Realtors

Montpelier, VA

Single-Family Homes

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Montpelier, VA

Wed Apr 24 2024
This week the median list price for Montpelier, VA is $660,000 with the market action index hovering around 35. This is less than last month's market action index of 37. Inventory has decreased to 15. Click here to stay informed with the Montpelier market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Montpelier, VA

Wed Apr 24 2024
This week the median list price for Montpelier, VA is $660,000 with the market action index hovering around 35. This is less than last month's market action index of 37. Inventory has decreased to 15. Click here to stay informed with the Montpelier market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Montpelier market.
Median List Price $660,000
Median Price of New Listings $324,900
Per Square Foot $231
Average Days on Market 49
Median Days on Market 49
Price Decreased 27%
Price Increased 0%
Relisted 0%
Inventory 15
Median Rent
Market Action 35
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,185,000 4,185 10 - 20 acres 4 3.5 18 0 0 49
$750,000 3,559 10 - 20 acres 4 3.5 22 0 0 38
$584,500 2,699 2.5 - 5 acres 4 3 28 0 0 35
$337,450 1,624 1 - 2.5 acres 3 2.3 56 1 0 70