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

There was an increase in total units sold in June, with 85 sold this month in Varina, Highland Springs, and Southern Henrico County Real Estate versus 79 last month, an increase of 8%. This month's total units sold was higher than at this time last year, an increase of 9% versus June 2024.

Versus last year, the total number of homes available this month is higher by 48 units or 43%. The total number of active inventory this June was 160 compared to 112 in June 2024. This month's total of 160 is lower than the previous month's total supply of available inventory of 161, a decrease of 1%.

Last June, the median sale price for Varina, Highland Springs, and Southern Henrico County Homes was $328,450. This June, the median sale price was $327,000, which is similar compared to a year ago. The current median sold price is 2% 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.

In June, there was 1.9 months of supply available in Varina, Highland Springs, and Southern Henrico County, compared to 1.4 in June 2024. That is an increase of 31% 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 99 homes newly listed for sale in Varina, Highland Springs, and Southern Henrico County compared to 81 in June 2024, an increase of 22%. There were 82 current contracts pending sale this June compared to 69 a year ago. The number of current contracts is 19% higher than last June.

In June, the average sale price in Varina, Highland Springs, and Southern Henrico County was 99.7% of the average list price, which is 0.9% lower than at this time last year.

This month, the average number of days on market was 19, lower than the average last year, which was 30, a decrease of 37%.





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

Zip Code(s): 23075, 23150 and 23231
Units Sold 85	Active Inventory 160	Median Sale Price $327,000	Days On Market 19

Up 9% Vs. Year Ago	Up 43% Vs. Year Ago	No Change Vs. Year Ago	Down -37% Vs. Year Ago


		Units Sold There was an increase in total units sold in June, with 85 sold this month in Varina, Highland Springs, and Southern Henrico County Real Estate versus 79 last month, an increase of 8%. This month's total units sold was higher than at this time last year, an increase of 9% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 48 units or 43%. The total number of active inventory this June was 160 compared to 112 in June 2024. This month's total of 160 is lower than the previous month's total supply of available inventory of 161, a decrease of 1%.
		Median Sale Price Last June, the median sale price for Varina, Highland Springs, and Southern Henrico County Homes was $328,450. This June, the median sale price was $327,000, which is similar compared to a year ago. The current median sold price is 2% 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 99	Current Contracts 82	Sold Vs. List Price 99.7%	Months of Supply 1.9

Up 22% Vs. Year Ago	Up 19% Vs. Year Ago	Down -0.9% Vs. Year Ago	Up 31% Vs. Year Ago


		Months of Supply In June, there was 1.9 months of supply available in Varina, Highland Springs, and Southern Henrico County, compared to 1.4 in June 2024. That is an increase of 31% 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 99 homes newly listed for sale in Varina, Highland Springs, and Southern Henrico County compared to 81 in June 2024, an increase of 22%. There were 82 current contracts pending sale this June compared to 69 a year ago. The number of current contracts is 19% higher than last June.
		Sale Price to List Price Ratio In June, the average sale price in Varina, Highland Springs, and Southern Henrico County was 99.7% of the average list price, which is 0.9% lower than at this time last year. Days on Market This month, the average number of days on market was 19, lower than the average last year, which was 30, a decrease of 37%.


	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.