What does $350K–$500K buy in the City of Charlottesville in 2026?

In September 2026, homes in the City of Charlottesville’s $350K–$500K band sold at a median of $396,000 after a median of 20 days on the market. That works out to $338.23 per square foot, from 12 closed sales.

Twelve sales isn’t much to go on, so this guide is careful about what it claims. Here is what the data supports, and what it doesn’t.

What did the $350K–$500K band look like in September?

Measure (Charlottesville city, $350K–$500K)	September 2026
Closed sales	12
Median sale price	$396,000
Median days on market	20
Median price per square foot	$338.23
Active listings	40
Months of supply	3.5

Twelve sales can’t define a band. A different month could look noticeably different, and I wouldn’t build a plan around one figure here.

How does it compare with the rest of the city?

Citywide, the median sale price was $402,000 from 28 closed sales, down 13.5% from a year ago. The median home spent 10 days on the market, down 41.2%. So the city as a whole moved quickly, while this band’s median was 20 days.

The other bands are thinner still. The $500K–$750K band had 8 sales and 32 active listings, with 2.6 months of supply. The under-$350K band had 5 sales and 26 listings (3.7 months of supply). The $750K–$1M band had 2 sales. None of those had enough sales to report a median, so I won’t describe what they buy.

What kind of home is it?

The city data doesn’t break the $350K–$500K band down by property type, so I can’t tell you its mix. Citywide, 20 of September’s 28 closings were detached homes, with a median of $508,128. That is above the top of this band’s range.

Why is the price per square foot so high?

At $338.23 per square foot, the city’s band is well above Albemarle County’s $350K–$500K band at $219.39 (39 sales, 13 days on market). Citywide the figure was $334.54, up 2.7% from a year ago.

The data doesn’t show why the two areas differ. Price per square foot depends on home size, type and condition, so it isn’t a measure of value. If you want more space for the money, compare the Albemarle County 350K–$500K guide.

What does it mean for a buyer?

This is interpretation, not data.

With 3.5 months of supply, 40 active listings and a 20-day median, buyers in this band had some room to compare homes. That’s not the same as room to negotiate on every one. Citywide, 39.3% of sales had a price reduction, up 45.6% from a year ago, and 21.4% sold above list.

A price reduction on a nearby home tells you a seller adjusted. It doesn’t tell you the next home will be reduced. Decide what a home is worth to you, get your financing ready, and look at how long a home has been listed before you offer.

What should I do next?

If you’re shopping in this range, tell us what matters most and we’ll pull recent sales for homes like it. Start with our buying page, or read about the Charlottesville office. Daniel Keeton can walk you through it.

Source: Keeton & Co analysis of CAAR MLS data, September 2026. Data through October 3, 2026. Prices and per-square-foot figures are medians of closed sales; active listings and months of supply describe homes for sale at month end. Year-ago changes are relative percent changes. Full figures are on the City of Charlottesville market page.