The Long & Foster Market Minute

FOCUS ON: BUCKINGHAM COUNTY HOUSING MARKET MAY 2025

Units Sold
4
Active Inventory
13
Median Sale Price
$274,950
Days On Market
35
Down -20%
Vs. Year Ago
Down -32%
Vs. Year Ago
Down -11%
Vs. Year Ago
Down -30%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in May, with 4 sold this month in Buckingham County Real Estate versus 6 last month, a decrease of 33%. This month's total units sold was lower than at this time last year, a decrease of 20% versus May 2024.

Active Inventory
Versus last year, the total number of homes available this month is lower by 6 units or 32%. The total number of active inventory this May was 13 compared to 19 in May 2024. This month's total of 13 is higher than the previous month's total supply of available inventory of 8, an increase of 63%.

Median Sale Price
Last May, the median sale price for Buckingham County Homes was $307,500. This May, the median sale price was $274,950, a decrease of 11% or $32,550 compared to last year. The current median sold price is 15% lower than in April.

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


New Listings
9
Current Contracts
3
Sold Vs. List Price
93.5%
Months of Supply
3.3
No Change
Vs. Year Ago
Down -50%
Vs. Year Ago
Down
Vs. Year Ago
Down -14%
Vs. Year Ago

Months of Supply
In May, there was 3.3 months of supply available in Buckingham County, compared to 3.8 in May 2024. That is a decrease of 14% 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 9 homes newly listed for sale in Buckingham County, which is similar to the amount in May 2024. There were 3 current contracts pending sale this May compared to 6 a year ago. The number of current contracts is 50% lower than last May.

Sale Price to List Price Ratio
In May, the average sale price in Buckingham County was 93.5% of the average list price, which is lower than at this time last year.

Days on Market
This month, the average number of days on market was 35, lower than the average last year, which was 50, a decrease of 30%.

The Long & Foster Market Minute
*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 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.