BEDFORD COUNTY AND BEDFORD CITY HOUSING MARKET DATA

There was a decrease in total units sold in March, with 59 sold this month in Bedford County and Bedford City Real Estate versus 69 last month, a decrease of 14%. This month's total units sold was lower than at this time last year, a decrease of 27% versus March 2024.

Versus last year, the total number of homes available this month is higher by 30 units or 17%. The total number of active inventory this March was 208 compared to 178 in March 2024. This month's total of 208 is higher than the previous month's total supply of available inventory of 188, an increase of 11%.

Last March, the median sale price for Bedford County and Bedford City Homes was $302,500. This March, the median sale price was $368,000, an increase of 22% or $65,500 compared to last year. The current median sold price is 8% higher than in February.

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

In March, there was 3.5 months of supply available in Bedford County and Bedford City, compared to 2.2 in March 2024. That is an increase of 60% 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 108 homes newly listed for sale in Bedford County and Bedford City compared to 106 in March 2024, an increase of 2%. There were 78 current contracts pending sale this March compared to 91 a year ago. The number of current contracts is 14% lower than last March.

In March, the average sale price in Bedford County and Bedford City was 99.1% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 45, higher than the average last year, which was 43, an increase of 5%.





FOCUS ON: BEDFORD COUNTY AND BEDFORD CITY HOUSING MARKET			MARCH 2025

Units Sold 59	Active Inventory 208	Median Sale Price $368,000	Days On Market 45

Down -27% Vs. Year Ago	Up 17% Vs. Year Ago	Up 22% Vs. Year Ago	Up 5% Vs. Year Ago


		Units Sold There was a decrease in total units sold in March, with 59 sold this month in Bedford County and Bedford City Real Estate versus 69 last month, a decrease of 14%. This month's total units sold was lower than at this time last year, a decrease of 27% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 30 units or 17%. The total number of active inventory this March was 208 compared to 178 in March 2024. This month's total of 208 is higher than the previous month's total supply of available inventory of 188, an increase of 11%.
		Median Sale Price Last March, the median sale price for Bedford County and Bedford City Homes was $302,500. This March, the median sale price was $368,000, an increase of 22% or $65,500 compared to last year. The current median sold price is 8% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 108	Current Contracts 78	Sold Vs. List Price 99.1%	Months of Supply 3.5

Up 2% Vs. Year Ago	Down -14% Vs. Year Ago	No Change Vs. Year Ago	Up 60% Vs. Year Ago


		Months of Supply In March, there was 3.5 months of supply available in Bedford County and Bedford City, compared to 2.2 in March 2024. That is an increase of 60% 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 108 homes newly listed for sale in Bedford County and Bedford City compared to 106 in March 2024, an increase of 2%. There were 78 current contracts pending sale this March compared to 91 a year ago. The number of current contracts is 14% lower than last March.
		Sale Price to List Price Ratio In March, the average sale price in Bedford County and Bedford City was 99.1% 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 45, higher than the average last year, which was 43, an increase of 5%.



	*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.