SPRING VALLEY AND WESLEY HEIGHTS HOUSING MARKET DATA

There was an increase in total units sold in April, with 40 sold this month in Spring Valley and Wesley Heights Real Estate, an increase of 33%. This month's total units sold is similar compared to a year ago.

Versus last year, the total number of homes available this month is higher by 1 units or 1%. The total number of active inventory this April was 116 compared to 115 in April 2024. This month's total of 116 is higher than the previous month's total supply of available inventory of 107, an increase of 8%.

Last April, the median sale price for Spring Valley and Wesley Heights Homes was $830,000. This April, the median sale price was $997,500, an increase of 20% or $167,500 compared to last year. The current median sold price is 2% higher than in March.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In April, there was 2.9 months of supply available in Spring Valley and Wesley Heights. The amount of supply is similar compared to 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 50 homes newly listed for sale in Spring Valley and Wesley Heights compared to 70 in April 2024, a decrease of 29%. There were 29 current contracts pending sale this April compared to 38 a year ago. The number of current contracts is 24% lower than last April.

In April, the average sale price in Spring Valley and Wesley Heights was 96.3% of the average list price, which is 3.6% lower than at this time last year.

This month, the average number of days on market was 40, higher than the average last year, which was 30, an increase of 33%.





FOCUS ON: SPRING VALLEY AND WESLEY HEIGHTS HOUSING MARKET			APRIL 2025

Zip Code(s): 20016
Units Sold 40	Active Inventory 116	Median Sale Price $997,500	Days On Market 40

No Change Vs. Year Ago	Up 1% Vs. Year Ago	Up 20% Vs. Year Ago	Up 33% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 40 sold this month in Spring Valley and Wesley Heights Real Estate, an increase of 33%. This month's total units sold is similar compared to a year ago.
Active Inventory Versus last year, the total number of homes available this month is higher by 1 units or 1%. The total number of active inventory this April was 116 compared to 115 in April 2024. This month's total of 116 is higher than the previous month's total supply of available inventory of 107, an increase of 8%.
		Median Sale Price Last April, the median sale price for Spring Valley and Wesley Heights Homes was $830,000. This April, the median sale price was $997,500, an increase of 20% or $167,500 compared to last year. The current median sold price is 2% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 50	Current Contracts 29	Sold Vs. List Price 96.3%	Months of Supply 2.9

Down -29% Vs. Year Ago	Down -24% Vs. Year Ago	Down -3.6% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In April, there was 2.9 months of supply available in Spring Valley and Wesley Heights. The amount of supply is similar compared to 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 50 homes newly listed for sale in Spring Valley and Wesley Heights compared to 70 in April 2024, a decrease of 29%. There were 29 current contracts pending sale this April compared to 38 a year ago. The number of current contracts is 24% lower than last April.
		Sale Price to List Price Ratio In April, the average sale price in Spring Valley and Wesley Heights was 96.3% of the average list price, which is 3.6% lower than at this time last year. Days on Market This month, the average number of days on market was 40, higher than the average last year, which was 30, an increase of 33%.


	Spring Valley and Wesley Heights is defined as properties in zip code 20016 and includes, but is not limited to these neighborhoods: Spring Valley, Wesley Heights, and AU Park.
	*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 BRIGHTMLS 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 BRIGHTMLS or Long & Foster Real Estate, Inc.