Central Virginia Real Estate Insights – April 2025

Central Virginia Real Estate Insights – April 2025

🔥 Deal of the Week: A Hidden Gem in Crozet

When a home stays on the market longer than average, it's usually about condition or price — but sometimes, it's an opportunity. This week’s featured listing offers incredible value:

🏡 1096 Amber Ridge Road, Crozet, VA

  • 4 Beds | 2 Baths | 1,827 Sq Ft

  • $399,000 | 68 Days on Market

  • Features: Solar panels, fenced yard, main-level primary suite, updated kitchen, open layout, and a great deck for entertaining.

🎥 Watch the Video Tour
Listed by Avenue Realty


📉 What I’m Watching: Zillow’s 2025 Forecast

Zillow has revised its national housing forecast, now predicting a 1.9% decline in home values across 2025. Why the shift? Increased listings and persistently high mortgage rates are giving buyers more choices and negotiating power, pushing sellers to cut prices. Expect a temporary boost in activity this spring, but overall, a cooling market is expected by year’s end.


🏓 Local Highlight: Indoor Pickleball is Coming!

Great news for recreation lovers — Charlottesville is getting indoor pickleball courts! The new facility, called cvilleSMASH!!!, will offer a fun, active option for residents year-round. If you’re like me and new to the sport, this could be the perfect chance to give it a try.


🏘️ Market Update: Charlottesville & Surrounding Areas

Despite national predictions, Charlottesville continues to show strong local momentum:

March 2025 Key Metrics:

  • Median Sold Price: $530,475 (+3.9% YoY)

  • Average Days on Market: 25

  • Inventory up nearly 40% from February (508 homes for sale)

  • 50.6% of homes sold above asking

Charlottesville’s market leaned toward buyers in February, but March showed renewed competition and price resilience.

Weekly Snapshot:

Charlottesville Area

  • New Listings: 67 (↓ from 92)

  • Median Sold Price: $494,450 (↓ from $527,450)

  • Inventory: 3.7 months

Augusta County / Waynesboro / Staunton

  • New Listings: 56 (↑ from 50)

  • Median Sold Price: $316,500 (↓ from $330,000)

  • Inventory: 1.8 months

Mortgage Rate: 6.84% (30-yr fixed), slightly down from last week.


💡 Final Thoughts

If you’re hunting for value, look at homes listed in March. Many sellers priced before market sentiment shifted due to tariff news. That timing lag may translate to real savings today — savvy buyers should take advantage.


🙋 About Craig Massie

My mission is to spotlight the beauty and value of life in Charlottesville, Waynesboro, and Staunton — while helping you make informed real estate decisions. Whether you’re buying, selling, or just staying informed, I’m here to help.

📍 MassieRealty.com
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