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FOCUS ON: WOODLAKE AND BRANDERMILL HOUSING MARKET |
AUGUST 2025 |
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Zip Code(s): 23112 |
Units Sold
75 |
Active Inventory
178 |
Median Sale Price
$442,495 |
Days On Market
14 |
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Down -6%
Vs. Year Ago |
Up 20%
Vs. Year Ago |
Up 9%
Vs. Year Ago |
Down -18%
Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in August, with 75 sold this month in Woodlake and Brandermill Real Estate. This month's total units sold was lower than at this time last year.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 30 units or 20%. The total number of active inventory this August was 178 compared to 148 in August 2024. This month's total of 178 is lower than the previous month's total supply of available inventory of 185, a decrease of 4%.
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Median Sale Price
Last August, the median sale price for Woodlake and Brandermill Homes was $404,500. This August, the median sale price was $442,495, an increase of 9% or $37,995 compared to last year. The current median sold price is 1% lower than in July.
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
100 |
Current Contracts
74 |
Sold Vs. List Price
100.1% |
Months of Supply
2.4 |
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Up 20%
Vs. Year Ago |
No Change
Vs. Year Ago |
Down -0.9%
Vs. Year Ago |
Up 28%
Vs. Year Ago |
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Months of Supply
In August, there was 2.4 months of supply available in Woodlake and Brandermill, compared to 1.9 in August 2024. That is an increase of 28% 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 100 homes newly listed for sale in Woodlake and Brandermill compared to 83 in August 2024, an increase of 20%. There were 74 current contracts pending sale this August, consistent with the volume a year ago. The number of current contracts is 11% lower than last month.
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Sale Price to List Price Ratio
In August, the average sale price in Woodlake and Brandermill was 100.1% 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 14, lower than the average last year, which was 17, a decrease of 18%.
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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. |
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. |