The Long & Foster Market Minute

FOCUS ON: WOODLAKE AND BRANDERMILL HOUSING MARKET JUNE 2025

Zip Code(s): 23112
Units Sold
118
Active Inventory
172
Median Sale Price
$465,000
Days On Market
17
Up 24%
Vs. Year Ago
Up 38%
Vs. Year Ago
Up 4%
Vs. Year Ago
Up 42%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 118 sold this month in Woodlake and Brandermill 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 47 units or 38%. The total number of active inventory this June was 172 compared to 125 in June 2024. This month's total of 172 is lower than the previous month's total supply of available inventory of 194, a decrease of 11%.

Median Sale Price
Last June, the median sale price for Woodlake and Brandermill Homes was $446,100. This June, the median sale price was $465,000, an increase of 4% or $18,900 compared to last year. The current median sold price is 3% higher 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
102
Current Contracts
105
Sold Vs. List Price
100.6%
Months of Supply
1.5
Down -6%
Vs. Year Ago
Up 33%
Vs. Year Ago
Down -0.8%
Vs. Year Ago
Up 11%
Vs. Year Ago

Months of Supply
In June, there was 1.5 months of supply available in Woodlake and Brandermill, compared to 1.3 in June 2024. That is an increase of 11% 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 102 homes newly listed for sale in Woodlake and Brandermill compared to 109 in June 2024, a decrease of 6%. There were 105 current contracts pending sale this June compared to 79 a year ago. The number of current contracts is 33% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Woodlake and Brandermill was 100.6% of the average list price, which is 0.8% lower than at this time last year.

Days on Market
This month, the average number of days on market was 17, higher than the average last year, which was 12, an increase of 42%.

The Long & Foster Market Minute Woodlake and Brandermill are defined as properties listed in zip code/s 23112.
*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 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.