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FOCUS ON: BARTON HEIGHTS AND HIGHLAND PARK HOUSING MARKET |
JULY 2025 |
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Zip Code(s): 23222 |
Units Sold
31 |
Active Inventory
73 |
Median Sale Price
$315,000 |
Days On Market
41 |
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Down -9%
Vs. Year Ago |
Up 14%
Vs. Year Ago |
Down -10%
Vs. Year Ago |
Up
Vs. Year Ago |
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Units Sold
There was an increase in total units sold in July, with 31 sold this month in Barton Heights and Highland Park Real Estate versus 27 last month, an increase of 15%. This month's total units sold was lower than at this time last year, a decrease of 9% versus July 2024.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 9 units or 14%. The total number of active inventory this July was 73 compared to 64 in July 2024. This month's total of 73 is higher than the previous month's total supply of available inventory of 69, an increase of 6%.
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Median Sale Price
Last July, the median sale price for Barton Heights and Highland Park Homes was $349,975. This July, the median sale price was $315,000, a decrease of 10% or $34,975 compared to last year. The current median sold price is 2% higher than in June.
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
48 |
Current Contracts
25 |
Sold Vs. List Price
99.9% |
Months of Supply
2.4 |
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Up 20%
Vs. Year Ago |
Up 9%
Vs. Year Ago |
Down -2.5%
Vs. Year Ago |
Up 25%
Vs. Year Ago |
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Months of Supply
In July, there was 2.4 months of supply available in Barton Heights and Highland Park, compared to 1.9 in July 2024. That is an increase of 25% 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 48 homes newly listed for sale in Barton Heights and Highland Park compared to 40 in July 2024, an increase of 20%. There were 25 current contracts pending sale this July compared to 23 a year ago. The number of current contracts is 9% higher than last July.
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Sale Price to List Price Ratio
In July, the average sale price in Barton Heights and Highland Park was 99.9% of the average list price, which is 2.5% lower than at this time last year.
Days on Market
This month, the average number of days on market was 41, higher than the average last year, which was 24. 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. |