Why Live in Venable
Venable is filled with the collegiate colors of orange and blue. “Charlottesville is University of Virginia, and University of Virginia is Charlottesville,” says Amy Spalding, accountant for Loring Woodriff Real Estate Associates. But while it’s fair to say that this neighborhood is largely centered on the campus, it’s also true that a lot of housing recedes into wooded streets that feel nearly monastic. Of course, excitement always awaits in the busy restaurant scene, which pulls in students, professionals and locals from nearby counties. It’s possible to see preppy polo shirts, flared yoga pants and scruffy overalls passing across the bustling intersection of Elliewood Avenue and University Avenue, where Starbucks is the lone chain eatery embedded in a strip of beloved haunts just steps from the college’s historic Rotunda, designed by Thomas Jefferson. “The deciding factor for homebuyers is the fact that they can walk to work,” says Lori Meistrell, associate broker at Nest Realty and a Charlottesville native who’s been involved in local real estate since 2008. Rugby Road is one of the key pathways in Venable, where drivers and pedestrians pass “Frat Row” as locals affectionately
Home Trends in Venable, VA
On average, homes in Venable, Charlottesville sell after 43 days on the market compared to the national average of 51 days. The median sale price for homes in Venable, Charlottesville over the last 12 months is $1,210,000, up 16% from the median home sale price over the previous 12 months.
Median Sale Price
$1,210,000
Median Single Family Sale Price
$1,217,500
Median 2 Bedroom Sale Price
$261,000
Average Price Per Sq Ft
$376
Number of Homes for Sale
6
Last 12 months Home Sales
43
Median List Price
$1,225,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
16%