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| FEBRUARY 2025 | |||
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| Units Sold 36 |
Active Inventory 243 |
Median Sale Price $267,000 |
Days On Market 126 |
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| Up 13% Vs. Year Ago |
Up 16% Vs. Year Ago |
Up Vs. Year Ago |
Up 37% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in February, with 36 sold this month in Accomack County Real Estate versus 32 last month, an increase of 13%. This month's total units sold was higher than at this time last year, an increase of 13% versus February 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 34 units or 16%. The total number of active inventory this February was 243 compared to 209 in February 2024. This month's total of 243 is lower than the previous month's total supply of available inventory of 246, a decrease of 1%. |
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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 February, the median sale price for Accomack County Homes was $211,500. This February, the median sale price was $267,000, an increase of $55,500 compared to last year. The current median sold price is lower than in January. 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 28 |
Sold Vs. List Price 95.4% |
Months of Supply 6.8 |
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| Up 7% Vs. Year Ago |
Down -39% Vs. Year Ago |
Down -1.4% Vs. Year Ago |
Up 3% Vs. Year Ago |
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Months of Supply
In February, there was 6.8 months of supply available in Accomack County, compared to 6.5 in February 2024. That is an increase of 3% 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 45 in February 2024, an increase of 7%. There were 28 current contracts pending sale this February compared to 46 a year ago. The number of current contracts is 39% lower than last February. |
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Sale Price to List Price Ratio
In February, the average sale price in Accomack County was 95.4% of the average list price, which is 1.4% lower than at this time last year. Days on Market
This month, the average number of days on market was 126, higher than the average last year, which was 92, an increase of 37%. |
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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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