Year over year, home values near the University of Virginia have moved lower, with the typical home value down more than a third in this rolling three-month window. Median list prices are also down sharply from a year ago, dropping by about a quarter. At the same time, the number of active listings has risen compared with last year, giving buyers a bit more to choose from.
Looking at the latest rolling three-month period ending in May 2026, the typical home value is about $419,000, with a median list price near $426,000. Homes are selling quickly at a median of just 7 days on market, even as months of supply has expanded to around 3.2 months, a sizable increase from a year earlier that suggests conditions are less tight than before.
New listings have surged more than 60 percent year over year, while closed sales are down compared with last spring, indicating more owners are listing but fewer deals are closing. No recent sales closed above list price, and the average sale-to-list ratio is essentially at 100 percent, so pricing is lining up closely with final sale outcomes. With a small number of total sales, every transaction can have an outsized influence on the data, making informed guidance especially important. Buyers and sellers in the University of Virginia area can turn to Agent Pronto to connect with a local agent who understands these shifting trends and can help them navigate their next move.
