The Long & Foster Market Minute

FOCUS ON: MARSHALL, MARKHAM, AND NORTHERN FAUQUIER COUNTY HOUSING MARKET JUNE 2025

Zip Code(s): 20137, 20198, 20115, 22639, 20140, 20184, 20185, 20144, 22643 and 22642
Units Sold
40
Active Inventory
80
Median Sale Price
$587,500
Days On Market
53
Up
Vs. Year Ago
Up 1%
Vs. Year Ago
Down -18%
Vs. Year Ago
Up 83%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 40 sold this month in Marshall, Markham, and Northern Fauquier County Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is higher by 1 units or 1%. The total number of active inventory this June was 80 compared to 79 in June 2024. This month's total of 80 is lower than the previous month's total supply of available inventory of 88, a decrease of 9%.

Median Sale Price
Last June, the median sale price for Marshall, Markham, and Northern Fauquier County Homes was $717,500. This June, the median sale price was $587,500, a decrease of 18% or $130,000 compared to last year. The current median sold price is 3% 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.


New Listings
34
Current Contracts
28
Sold Vs. List Price
98.0%
Months of Supply
2.0
Down -6%
Vs. Year Ago
Down -7%
Vs. Year Ago
Down -1.9%
Vs. Year Ago
Down -37%
Vs. Year Ago

Months of Supply
In June, there was 2.0 months of supply available in Marshall, Markham, and Northern Fauquier County, compared to 3.2 in June 2024. That is a decrease of 37% 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 34 homes newly listed for sale in Marshall, Markham, and Northern Fauquier County compared to 36 in June 2024, a decrease of 6%. There were 28 current contracts pending sale this June compared to 30 a year ago. The number of current contracts is 7% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Marshall, Markham, and Northern Fauquier County was 98.0% of the average list price, which is 1.9% lower than at this time last year.

Days on Market
This month, the average number of days on market was 53, higher than the average last year, which was 29, an increase of 83%.

The Long & Foster Market Minute Marshall, Markham, and Northern Fauquier County are defined as properties listed in zip code/s 20137, 20198, 20115, 22639, 20140, 20184, 20185, 20144, 22643 and 22642.
*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 BRIGHTMLS 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 BRIGHTMLS or Long & Foster Real Estate, Inc.