The Long & Foster Market Minute

FOCUS ON: BARTON HEIGHTS AND HIGHLAND PARK HOUSING MARKET APRIL 2024

Zip Code(s): 23222
Units Sold
41
Active Inventory
36
Median Sale Price
$300,000
Days On Market
20
Up 14%
Vs. Year Ago
Down -27%
Vs. Year Ago
Up 1%
Vs. Year Ago
Down -29%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 41 sold this month in Barton Heights and Highland Park Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 13 units or 27%. The total number of active inventory this April was 36 compared to 49 in April 2023. This month's total of 36 is lower than the previous month's total supply of available inventory of 43, a decrease of 16%.

Median Sale Price
Last April, the median sale price for Barton Heights and Highland Park Homes was $297,000. This April, the median sale price was $300,000, an increase of 1% or $3,000 compared to last year. The current median sold price is 10% lower 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
49
Sold Vs. List Price
100.4%
Months of Supply
0.9
Up 14%
Vs. Year Ago
Up 11%
Vs. Year Ago
No Change
Vs. Year Ago
Down -35%
Vs. Year Ago

Months of Supply
In April, there was 0.9 months of supply available in Barton Heights and Highland Park, compared to 1.4 in April 2023. That is a decrease of 35% 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 50 homes newly listed for sale in Barton Heights and Highland Park compared to 44 in April 2023, an increase of 14%. There were 49 current contracts pending sale this April compared to 44 a year ago. The number of current contracts is 11% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Barton Heights and Highland Park was 100.4% 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 20, lower than the average last year, which was 28, a decrease of 29%.

The Long & Foster Market Minute Barton Heights and Highland Park are defined as properties listed in zip code/s 23222.
*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.
REALTOR, Equal Opportunity HousingInformation 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.