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| MARCH 2025 | |||
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| Units Sold 8 |
Active Inventory 12 |
Median Sale Price $197,500 |
Days On Market 36 |
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| Up Vs. Year Ago |
Down -25% Vs. Year Ago |
Down Vs. Year Ago |
Down -31% Vs. Year Ago |
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Units Sold
With relatively few transactions, there was an increase in total units sold in March, with 8 sold this month in Buckingham County Real Estate. This month's total units sold was higher than at this time last year, an increase from March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 4 units or 25%. The total number of active inventory this March was 12 compared to 16 in March 2024. This month's total of 12 is lower than the previous month's total supply of available inventory of 13, a decrease of 8%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last March, the median sale price for Buckingham County Homes was $299,700. This March, the median sale price was $197,500, a decrease of $102,200 compared to last year. The current median sold price is lower 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. |
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| New Listings 3 |
Current Contracts 3 |
Sold Vs. List Price 94.1% |
Months of Supply 1.5 |
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| Down -50% Vs. Year Ago |
Up 200% Vs. Year Ago |
Down -4.2% Vs. Year Ago |
Down -63% Vs. Year Ago |
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Months of Supply
In March, there was 1.5 months of supply available in Buckingham County, compared to 4.0 in March 2024. That is a decrease 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 3 homes newly listed for sale in Buckingham County compared to 6 in March 2024, a decrease of 50%. There were 3 current contracts pending sale this March compared to 1 a year ago. The number of current contracts is 200% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Buckingham County was 94.1% of the average list price, which is 4.1% lower than at this time last year. Days on Market
This month, the average number of days on market was 36, lower than the average last year, which was 52, a decrease of 31%. | |||
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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 SCAR 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 SCAR or Long & Foster Real Estate, Inc. |
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