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FOCUS ON: BARTON HEIGHTS AND HIGHLAND PARK HOUSING MARKET |
JUNE 2025 |
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Zip Code(s): 23222 |
Units Sold
27 |
Active Inventory
61 |
Median Sale Price
$310,000 |
Days On Market
20 |
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Down
Vs. Year Ago |
Up 13%
Vs. Year Ago |
Down -9%
Vs. Year Ago |
Up
Vs. Year Ago |
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Units Sold
With relatively few transactions, there was a decrease in total units sold in June, with 27 sold this month in Barton Heights and Highland Park Real Estate. This month's total units sold was lower than at this time last year, a decrease from June 2024.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 7 units or 13%. The total number of active inventory this June was 61 compared to 54 in June 2024. This month's total of 61 is lower than the previous month's total supply of available inventory of 67, a decrease of 9%.
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Median Sale Price
Last June, the median sale price for Barton Heights and Highland Park Homes was $340,000. This June, the median sale price was $310,000, a decrease of 9% or $30,000 compared to last year. The current median sold price is 9% lower than in May.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
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New Listings
45 |
Current Contracts
31 |
Sold Vs. List Price
99.0% |
Months of Supply
2.3 |
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Up 5%
Vs. Year Ago |
Down -11%
Vs. Year Ago |
Down -0.9%
Vs. Year Ago |
Up 34%
Vs. Year Ago |
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Months of Supply
In June, there was 2.3 months of supply available in Barton Heights and Highland Park, compared to 1.7 in June 2024. That is an increase of 34% versus a year ago.
Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
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New Listings & Current Contracts
This month there were 45 homes newly listed for sale in Barton Heights and Highland Park compared to 43 in June 2024, an increase of 5%. There were 31 current contracts pending sale this June compared to 35 a year ago. The number of current contracts is 11% lower than last June.
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Sale Price to List Price Ratio
In June, the average sale price in Barton Heights and Highland Park was 99.0% of the average list price, which is 0.9% lower than at this time last year.
Days on Market
This month, the average number of days on market was 20, higher than the average last year, which was 11. This increase was impacted by the limited number of sales.
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Barton Heights and Highland Park are defined as properties listed in zip code/s 23222. |
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. |
Information included in this report is based on data supplied by CVRMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of CVRMLS or Long & Foster Real Estate, Inc. |