VARINA, HIGHLAND SPRINGS, AND SOUTHERN HENRICO COUNTY HOUSING MARKET DATA

There was a decrease in total units sold in July, with 73 sold this month in Varina, Highland Springs, and Southern Henrico County Real Estate versus 85 last month, a decrease of 14%. This month's total units sold was higher than at this time last year, an increase of 1% versus July 2024.

Versus last year, the total number of homes available this month is higher by 55 units or 47%. The total number of active inventory this July was 173 compared to 118 in July 2024. This month's total of 173 is higher than the previous month's total supply of available inventory of 170, an increase of 2%.

Last July, the median sale price for Varina, Highland Springs, and Southern Henrico County Homes was $317,250. This July, the median sale price was $345,000, an increase of 9% or $27,750 compared to last year. The current median sold price is 6% 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.

In July, there was 2.4 months of supply available in Varina, Highland Springs, and Southern Henrico County, compared to 1.6 in July 2024. That is an increase of 45% 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.

This month there were 117 homes newly listed for sale in Varina, Highland Springs, and Southern Henrico County compared to 72 in July 2024, an increase of 63%. There were 86 current contracts pending sale this July compared to 56 a year ago. The number of current contracts is 54% higher than last July.

In July, the average sale price in Varina, Highland Springs, and Southern Henrico County was 99.4% of the average list price, which is 1.0% lower than at this time last year.

This month, the average number of days on market was 30, higher than the average last year, which was 19, an increase of 58%.





FOCUS ON: VARINA, HIGHLAND SPRINGS, AND SOUTHERN HENRICO COUNTY HOUSING MARKET			JULY 2025

Zip Code(s): 23075, 23150 and 23231
Units Sold 73	Active Inventory 173	Median Sale Price $345,000	Days On Market 30

Up 1% Vs. Year Ago	Up 47% Vs. Year Ago	Up 9% Vs. Year Ago	Up 58% Vs. Year Ago


		Units Sold There was a decrease in total units sold in July, with 73 sold this month in Varina, Highland Springs, and Southern Henrico County Real Estate versus 85 last month, a decrease of 14%. This month's total units sold was higher than at this time last year, an increase of 1% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 55 units or 47%. The total number of active inventory this July was 173 compared to 118 in July 2024. This month's total of 173 is higher than the previous month's total supply of available inventory of 170, an increase of 2%.
		Median Sale Price Last July, the median sale price for Varina, Highland Springs, and Southern Henrico County Homes was $317,250. This July, the median sale price was $345,000, an increase of 9% or $27,750 compared to last year. The current median sold price is 6% 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 117	Current Contracts 86	Sold Vs. List Price 99.4%	Months of Supply 2.4

Up 63% Vs. Year Ago	Up 54% Vs. Year Ago	Down -1% Vs. Year Ago	Up 45% Vs. Year Ago


		Months of Supply In July, there was 2.4 months of supply available in Varina, Highland Springs, and Southern Henrico County, compared to 1.6 in July 2024. That is an increase of 45% 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 117 homes newly listed for sale in Varina, Highland Springs, and Southern Henrico County compared to 72 in July 2024, an increase of 63%. There were 86 current contracts pending sale this July compared to 56 a year ago. The number of current contracts is 54% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Varina, Highland Springs, and Southern Henrico County was 99.4% of the average list price, which is 1.0% lower than at this time last year. Days on Market This month, the average number of days on market was 30, higher than the average last year, which was 19, an increase of 58%.


	Varina, Highland Springs, and Southern Henrico County are defined as properties listed in zip code/s 23075, 23150 and 23231.
	*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.