The Long & Foster Market Minute

FOCUS ON: STONEY BROOK ESTATES, CLIVEDEN, AND LEE HALL HOUSING MARKET JULY 2025

Zip Code(s): 23608 and 23603
Units Sold
47
Active Inventory
110
Median Sale Price
$336,000
Days On Market
25
Down -15%
Vs. Year Ago
Up 15%
Vs. Year Ago
Up 22%
Vs. Year Ago
Up 9%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in July, with 47 sold this month in Stoney Brook Estates, Cliveden, and Lee Hall Real Estate versus 53 last month, a decrease of 11%. This month's total units sold was lower than at this time last year, a decrease of 15% versus July 2024.

Active Inventory
Versus last year, the total number of homes available this month is higher by 14 units or 15%. The total number of active inventory this July was 110 compared to 96 in July 2024. This month's total of 110 is higher than the previous month's total supply of available inventory of 108, an increase of 2%.

Median Sale Price
Last July, the median sale price for Stoney Brook Estates, Cliveden, and Lee Hall Homes was $275,000. This July, the median sale price was $336,000, an increase of 22% or $61,000 compared to last year. The current median sold price is 3% 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.


New Listings
80
Current Contracts
62
Sold Vs. List Price
99.2%
Months of Supply
2.3
Up 16%
Vs. Year Ago
Up 15%
Vs. Year Ago
Down -1.2%
Vs. Year Ago
Up 34%
Vs. Year Ago

Months of Supply
In July, there was 2.3 months of supply available in Stoney Brook Estates, Cliveden, and Lee Hall, compared to 1.7 in July 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.

New Listings & Current Contracts
This month there were 80 homes newly listed for sale in Stoney Brook Estates, Cliveden, and Lee Hall compared to 69 in July 2024, an increase of 16%. There were 62 current contracts pending sale this July compared to 54 a year ago. The number of current contracts remained stable as compared to last July.

Sale Price to List Price Ratio
In July, the average sale price in Stoney Brook Estates, Cliveden, and Lee Hall was 99.2% of the average list price, which is 1.3% lower than at this time last year.

Days on Market
This month, the average number of days on market was 25, higher than the average last year, which was 23, an increase of 9%.

The Long & Foster Market Minute Stoney Brook Estates, Cliveden, and Lee Hall are defined as properties listed in zip code/s 23608 and 23603.
*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.