ACCOMACK COUNTY HOUSING MARKET DATA

There was an increase in total units sold in May, with 46 sold this month in Accomack County Real Estate. This month's total units sold was lower than at this time last year.

Versus last year, the total number of homes available this month is higher by 72 units or 34%. The total number of active inventory this May was 283 compared to 211 in May 2024. This month's supply remained stable as compared to last month.

Last May, the median sale price for Accomack County Homes was $332,500. This May, the median sale price was $302,350, a decrease of 9% or $30,150 compared to last year. The current median sold price is 4% higher than in April.

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

In May, there was 6.2 months of supply available in Accomack County, compared to 4.2 in May 2024. That is an increase of 46% 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.

This month there were 69 homes newly listed for sale in Accomack County compared to 55 in May 2024, an increase of 25%. There were 40 current contracts pending sale this May compared to 53 a year ago. The number of current contracts is 25% lower than last May.

In May, the average sale price in Accomack County was 96.9% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 76, higher than the average last year, which was 72, an increase of 6%.





FOCUS ON: ACCOMACK COUNTY HOUSING MARKET			MAY 2025

Units Sold 46	Active Inventory 283	Median Sale Price $302,350	Days On Market 76

Down -8% Vs. Year Ago	Up 34% Vs. Year Ago	Down -9% Vs. Year Ago	Up 6% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 46 sold this month in Accomack County Real Estate. This month's total units sold was lower than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is higher by 72 units or 34%. The total number of active inventory this May was 283 compared to 211 in May 2024. This month's supply remained stable as compared to last month.
		Median Sale Price Last May, the median sale price for Accomack County Homes was $332,500. This May, the median sale price was $302,350, a decrease of 9% or $30,150 compared to last year. The current median sold price is 4% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 69	Current Contracts 40	Sold Vs. List Price 96.9%	Months of Supply 6.2

Up 25% Vs. Year Ago	Down -25% Vs. Year Ago	No Change Vs. Year Ago	Up 46% Vs. Year Ago


		Months of Supply In May, there was 6.2 months of supply available in Accomack County, compared to 4.2 in May 2024. That is an increase of 46% 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 69 homes newly listed for sale in Accomack County compared to 55 in May 2024, an increase of 25%. There were 40 current contracts pending sale this May compared to 53 a year ago. The number of current contracts is 25% lower than last May.
		Sale Price to List Price Ratio In May, the average sale price in Accomack County was 96.9% 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 76, higher than the average last year, which was 72, an increase of 6%.



	*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.