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| JANUARY 2025 | |||
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| Units Sold 32 |
Active Inventory 236 |
Median Sale Price $307,500 |
Days On Market 75 |
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| Up 33% Vs. Year Ago |
Up 7% Vs. Year Ago |
Up Vs. Year Ago |
Down -23% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in January, with 32 sold this month in Accomack County Real Estate versus 29 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 33% versus January 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 16 units or 7%. The total number of active inventory this January was 236 compared to 220 in January 2024. This month's total of 236 is lower than the previous month's total supply of available inventory of 242, a decrease of 2%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last January, the median sale price for Accomack County Homes was $245,000. This January, the median sale price was $307,500, an increase of $62,500 compared to last year. The current median sold price is higher than in December. 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 48 |
Current Contracts 37 |
Sold Vs. List Price 97.2% |
Months of Supply 7.4 |
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| Up 9% Vs. Year Ago |
Up 23% Vs. Year Ago |
No Change Vs. Year Ago |
Down -20% Vs. Year Ago |
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Months of Supply
In January, there was 7.4 months of supply available in Accomack County, compared to 9.2 in January 2024. That is a decrease of 20% 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 48 homes newly listed for sale in Accomack County compared to 44 in January 2024, an increase of 9%. There were 37 current contracts pending sale this January compared to 30 a year ago. The number of current contracts is 23% higher than last January. |
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Sale Price to List Price Ratio
In January, the average sale price in Accomack County was 97.2% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 75, lower than the average last year, which was 97, a decrease of 23%. | |||
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| *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 ESAOR 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 ESAOR or Long & Foster Real Estate, Inc. |
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