BON AIR AND HUGUENOT FARMS HOUSING MARKET DATA

There was an increase in total units sold in March, with 32 sold this month in Bon Air and Huguenot Farms Real Estate versus 29 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 19% versus March 2024.

Versus last year, the total number of homes available this month is lower by 8 units or 19%. The total number of active inventory this March was 35 compared to 43 in March 2024. This month's total of 35 is lower than the previous month's total supply of available inventory of 40, a decrease of 13%.

Last March, the median sale price for Bon Air and Huguenot Farms Homes was $415,000. This March, the median sale price was $439,150, an increase of 6% or $24,150 compared to last year. The current median sold price is 9% 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 1.1 months of supply available in Bon Air and Huguenot Farms, compared to 1.6 in March 2024. That is a decrease of 31% 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 36 homes newly listed for sale in Bon Air and Huguenot Farms compared to 37 in March 2024, a decrease of 3%. There were 36 current contracts pending sale this March compared to 33 a year ago. The number of current contracts is 9% higher than last March.

In March, the average sale price in Bon Air and Huguenot Farms was 101.4% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 36, higher than the average last year, which was 15. This increase was impacted by the limited number of sales.





FOCUS ON: BON AIR AND HUGUENOT FARMS HOUSING MARKET			MARCH 2025

Zip Code(s): 23235
Units Sold 32	Active Inventory 35	Median Sale Price $439,150	Days On Market 36

Up 19% Vs. Year Ago	Down -19% Vs. Year Ago	Up 6% Vs. Year Ago	Up Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 32 sold this month in Bon Air and Huguenot Farms Real Estate versus 29 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 19% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 8 units or 19%. The total number of active inventory this March was 35 compared to 43 in March 2024. This month's total of 35 is lower than the previous month's total supply of available inventory of 40, a decrease of 13%.
		Median Sale Price Last March, the median sale price for Bon Air and Huguenot Farms Homes was $415,000. This March, the median sale price was $439,150, an increase of 6% or $24,150 compared to last year. The current median sold price is 9% 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 36	Current Contracts 36	Sold Vs. List Price 101.4%	Months of Supply 1.1

Down -3% Vs. Year Ago	Up 9% Vs. Year Ago	No Change Vs. Year Ago	Down -31% Vs. Year Ago


		Months of Supply In March, there was 1.1 months of supply available in Bon Air and Huguenot Farms, compared to 1.6 in March 2024. That is a decrease of 31% 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 36 homes newly listed for sale in Bon Air and Huguenot Farms compared to 37 in March 2024, a decrease of 3%. There were 36 current contracts pending sale this March compared to 33 a year ago. The number of current contracts is 9% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Bon Air and Huguenot Farms was 101.4% 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 36, higher than the average last year, which was 15. This increase was impacted by the limited number of sales.


	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.
	Information 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.