The Long & Foster Market Minute

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

Zip Code(s): 23235
Units Sold
50
Active Inventory
46
Median Sale Price
$333,000
Days On Market
9
Down -6%
Vs. Year Ago
Down -23%
Vs. Year Ago
Up 10%
Vs. Year Ago
Down -40%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 50 sold this month in Bon Air and Huguenot Farms Real Estate versus 53 last month, a decrease of 6%. This month's total units sold was lower than at this time last year, a decrease of 6% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 14 units or 23%. The total number of active inventory this September was 46 compared to 60 in September 2020. This month's total of 46 is lower than the previous month's total supply of available inventory of 53, a decrease of 13%.

Median Sale Price
Last September, the median sale price for Bon Air and Huguenot Farms Homes was $302,000. This September, the median sale price was $333,000, an increase of 10% or $31,000 compared to last year. The current median sold price is 4% higher than in August.

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


New Listings
59
Current Contracts
56
Sold Vs. List Price
102.4%
Months of Supply
0.9
Down -13%
Vs. Year Ago
Down -5%
Vs. Year Ago
Up 1.2%
Vs. Year Ago
Down -19%
Vs. Year Ago

Months of Supply
In September, there was 0.9 months of supply available in Bon Air and Huguenot Farms, compared to 1.1 in September 2020. That is a decrease of 19% 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 59 homes newly listed for sale in Bon Air and Huguenot Farms compared to 68 in September 2020, a decrease of 13%. There were 56 current contracts pending sale this September compared to 59 a year ago. The number of current contracts is 5% lower than last September.

Sale Price to List Price Ratio
In September, the average sale price in Bon Air and Huguenot Farms was 102.4% of the average list price, which is 1.2% higher than at this time last year.

Days on Market
This month, the average number of days on market was 9, lower than the average last year, which was 15, a decrease of 40%.

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.