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FOCUS ON: WINDSOR FARMS, THE FAN, AND MUSEUM DISTRICT HOUSING MARKET |
JULY 2025 |
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Zip Code(s): 23221, 23220, 23241 and 23219 |
Units Sold
56 |
Active Inventory
97 |
Median Sale Price
$585,000 |
Days On Market
17 |
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Up 22%
Vs. Year Ago |
Down -15%
Vs. Year Ago |
Up 18%
Vs. Year Ago |
Down -6%
Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in July, with 56 sold this month in Windsor Farms, The Fan, and Museum District Real Estate versus 57 last month, a decrease of 2%. This month's total units sold was higher than at this time last year, an increase of 22% versus July 2024.
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Active Inventory
Versus last year, the total number of homes available this month is lower by 17 units or 15%. The total number of active inventory this July was 97 compared to 114 in July 2024. This month's total of 97 is lower than the previous month's total supply of available inventory of 115, a decrease of 16%.
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Median Sale Price
Last July, the median sale price for Windsor Farms, The Fan, and Museum District Homes was $496,750. This July, the median sale price was $585,000, an increase of 18% or $88,250 compared to last year. The current median sold price is 4% 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.
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New Listings
53 |
Current Contracts
48 |
Sold Vs. List Price
99.5% |
Months of Supply
1.7 |
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Down -18%
Vs. Year Ago |
Up 50%
Vs. Year Ago |
Down
Vs. Year Ago |
Down -30%
Vs. Year Ago |
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Months of Supply
In July, there was 1.7 months of supply available in Windsor Farms, The Fan, and Museum District, compared to 2.5 in July 2024. That is a decrease of 30% 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.
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New Listings & Current Contracts
This month there were 53 homes newly listed for sale in Windsor Farms, The Fan, and Museum District compared to 65 in July 2024, a decrease of 18%. There were 48 current contracts pending sale this July compared to 32 a year ago. The number of current contracts is 50% higher than last July.
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Sale Price to List Price Ratio
In July, the average sale price in Windsor Farms, The Fan, and Museum District was 99.5% of the average list price, which is lower than at this time last year.
Days on Market
This month, the average number of days on market was 17, lower than the average last year, which was 18, a decrease of 6%.
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Windsor Farms, The Fan, and Museum District are defined as properties listed in zip code/s 23221, 23220, 23241 and 23219. |
*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. |