The Long & Foster Market Minute

Focus On: Bon Air and Huguenot Farms Housing Market December 2021

Zip Code(s): 23235
Units Sold
73
Active Inventory
20
Median Sale Price
$318,375
Days On Market
16
Up 18%
Vs. Year Ago
Down -61%
Vs. Year Ago
Up 6%
Vs. Year Ago
Up 23%
Vs. Year Ago

Units Sold
There was an increase in total units sold in December, with 73 sold this month in Bon Air and Huguenot Farms Real Estate versus 67 last month, an increase of 9%. This month's total units sold was higher than at this time last year, an increase of 18% versus December 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 31 units or 61%. The total number of active inventory this December was 20 compared to 51 in December 2020. This month's total of 20 is lower than the previous month's total supply of available inventory of 41, a decrease of 51%.

Median Sale Price
Last December, the median sale price for Bon Air and Huguenot Farms Homes was $300,450. This December, the median sale price was $318,375, an increase of 6% or $17,925 compared to last year. The current median sold price is 4% lower than in November.

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


New Listings
20
Current Contracts
40
Sold Vs. List Price
102.0%
Months of Supply
0.3
Down -44%
Vs. Year Ago
Up 48%
Vs. Year Ago
No Change
Vs. Year Ago
Down -67%
Vs. Year Ago

Months of Supply
In December, there was 0.3 months of supply available in Bon Air and Huguenot Farms, compared to 0.8 in December 2020. That is a decrease of 67% 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 20 homes newly listed for sale in Bon Air and Huguenot Farms compared to 36 in December 2020, a decrease of 44%. There were 40 current contracts pending sale this December compared to 27 a year ago. The number of current contracts is 48% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in Bon Air and Huguenot Farms was 102.0% 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 16, higher than the average last year, which was 13, an increase of 23%.

The Long & Foster Market Minute Bon Air and Huguenot Farms are defined as properties listed in zip code/s 23235.
*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.