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| APRIL 2025 | |||
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| Units Sold 61 |
Active Inventory 213 |
Median Sale Price $377,500 |
Days On Market 56 |
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| Down -22% Vs. Year Ago |
Up 28% Vs. Year Ago |
Up 8% Vs. Year Ago |
Up 51% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in April, with 61 sold this month in Bedford County Real Estate versus 55 last month, an increase of 11%. This month's total units sold was lower than at this time last year, a decrease of 22% versus April 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 46 units or 28%. The total number of active inventory this April was 213 compared to 167 in April 2024. This month's total of 213 is higher than the previous month's total supply of available inventory of 172, an increase of 24%. |
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Median Sale Price
Last April, the median sale price for Bedford County Homes was $349,900. This April, the median sale price was $377,500, an increase of 8% or $27,600 compared to last year. The current median sold price is 8% 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. |
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| New Listings 146 |
Current Contracts 89 |
Sold Vs. List Price 98.6% |
Months of Supply 3.5 |
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| Up 43% Vs. Year Ago |
Up 25% Vs. Year Ago |
Down -0.8% Vs. Year Ago |
Up 63% Vs. Year Ago |
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Months of Supply
In April, there was 3.5 months of supply available in Bedford County, compared to 2.1 in April 2024. That is an increase of 63% 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 146 homes newly listed for sale in Bedford County compared to 102 in April 2024, an increase of 43%. There were 89 current contracts pending sale this April compared to 71 a year ago. The number of current contracts is 25% higher than last April. |
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Sale Price to List Price Ratio
In April, the average sale price in Bedford County was 98.6% of the average list price, which is 0.7% lower than at this time last year. Days on Market
This month, the average number of days on market was 56, higher than the average last year, which was 37, an increase of 51%. | |||
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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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