The Long & Foster Market Minute

FOCUS ON: EASTWOOD AND MAMMOTH OAK HOUSING MARKET JULY 2025

Zip Code(s): 23602 and 23606
Units Sold
81
Active Inventory
116
Median Sale Price
$320,000
Days On Market
27
Up 17%
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -3%
Vs. Year Ago
Up 50%
Vs. Year Ago

Units Sold
There was an increase in total units sold in July, with 81 sold this month in Eastwood and Mammoth Oak Real Estate versus 68 last month, an increase of 19%. This month's total units sold was higher than at this time last year, an increase of 17% versus July 2024.

Active Inventory
Versus last year, the total number of homes available this month is lower by 1 units or 1%. The total number of active inventory this July was 116 compared to 117 in July 2024. This month's total of 116 is lower than the previous month's total supply of available inventory of 136, a decrease of 15%.

Median Sale Price
Last July, the median sale price for Eastwood and Mammoth Oak Homes was $330,000. This July, the median sale price was $320,000, a decrease of 3% or $10,000 compared to last year. The current median sold price is 7% lower 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.


New Listings
95
Current Contracts
92
Sold Vs. List Price
98.6%
Months of Supply
1.4
Up 1%
Vs. Year Ago
Up 26%
Vs. Year Ago
Down -0.8%
Vs. Year Ago
Down -16%
Vs. Year Ago

Months of Supply
In July, there was 1.4 months of supply available in Eastwood and Mammoth Oak, compared to 1.7 in July 2024. That is a decrease of 16% 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.

New Listings & Current Contracts
This month there were 95 homes newly listed for sale in Eastwood and Mammoth Oak compared to 94 in July 2024, an increase of 1%. There were 92 current contracts pending sale this July compared to 73 a year ago. The number of current contracts is 26% higher than last July.

Sale Price to List Price Ratio
In July, the average sale price in Eastwood and Mammoth Oak was 98.6% of the average list price, which is 0.8% lower than at this time last year.

Days on Market
This month, the average number of days on market was 27, higher than the average last year, which was 18, an increase of 50%.

The Long & Foster Market Minute Eastwood and Mammoth Oak are defined as properties listed in zip code/s 23602 and 23606.
*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.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by REIN 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 REIN or Long & Foster Real Estate, Inc.