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| JULY 2025 | |||
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| Units Sold 113 |
Active Inventory 260 |
Median Sale Price $380,000 |
Days On Market 40 |
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| Up Vs. Year Ago |
Up 9% Vs. Year Ago |
Down -2% Vs. Year Ago |
Down -27% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in July, with 113 sold this month in Bedford County and Bedford City Real Estate. This month's total units sold was higher than at this time last year. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 21 units or 9%. The total number of active inventory this July was 260 compared to 239 in July 2024. This month's total of 260 is lower than the previous month's total supply of available inventory of 277, a decrease of 6%. |
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Median Sale Price
Last July, the median sale price for Bedford County and Bedford City Homes was $387,450. This July, the median sale price was $380,000, a decrease of 2% or $7,450 compared to last year. The current median sold price is 2% lower than in June. 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 134 |
Current Contracts 114 |
Sold Vs. List Price 98.6% |
Months of Supply 2.3 |
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| Up 18% Vs. Year Ago |
Up 61% Vs. Year Ago |
Up 0.9% Vs. Year Ago |
Down -25% Vs. Year Ago |
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Months of Supply
In July, there was 2.3 months of supply available in Bedford County and Bedford City, compared to 3.1 in July 2024. That is a decrease of 25% 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 134 homes newly listed for sale in Bedford County and Bedford City compared to 114 in July 2024, an increase of 18%. There were 114 current contracts pending sale this July compared to 71 a year ago. The number of current contracts is 61% higher than last July. |
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Sale Price to List Price Ratio
In July, the average sale price in Bedford County and Bedford City was 98.6% of the average list price, which is 0.8% higher than at this time last year. Days on Market
This month, the average number of days on market was 40, lower than the average last year, which was 55, a decrease of 27%. | |||
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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 LAR 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 LAR or Long & Foster Real Estate, Inc. |
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