CENTREVILLE HOUSING MARKET DATA

The number of units sold remained stable in May, with 77 sold this month in Centreville Real Estate. This month's total units sold was higher than at this time last year, an increase of 25% versus May 2024.

The total number of homes available this month is 75 units, which is similar compared to a year ago. This month's total of 75 is lower than the previous month's total supply of available inventory of 87, a decrease of 14%.

Last May, the median sale price for Centreville Homes was $589,000. This May, the median sale price was $635,000, an increase of 8% or $46,000 compared to last year. The current median sold price is 4% higher 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.

In May, there was 1.0 months of supply available in Centreville. The amount of supply is similar compared to 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 73 homes newly listed for sale in Centreville compared to 97 in May 2024, a decrease of 25%. There were 79 current contracts pending sale this May compared to 71 a year ago. The number of current contracts is 11% higher than last May.

In May, the average sale price in Centreville was 100.9% of the average list price, which is 4.1% lower than at this time last year.

This month, the average number of days on market was 13, higher than the average last year, which was 7, an increase of 86%.





FOCUS ON: CENTREVILLE HOUSING MARKET			MAY 2025

Zip Code(s): 20120 and 20121
Units Sold 77	Active Inventory 75	Median Sale Price $635,000	Days On Market 13

Up 10% Vs. Year Ago	No Change Vs. Year Ago	Up 8% Vs. Year Ago	Up 86% Vs. Year Ago


		Units Sold The number of units sold remained stable in May, with 77 sold this month in Centreville Real Estate. This month's total units sold was higher than at this time last year, an increase of 25% versus May 2024.
Active Inventory The total number of homes available this month is 75 units, which is similar compared to a year ago. This month's total of 75 is lower than the previous month's total supply of available inventory of 87, a decrease of 14%.
		Median Sale Price Last May, the median sale price for Centreville Homes was $589,000. This May, the median sale price was $635,000, an increase of 8% or $46,000 compared to last year. The current median sold price is 4% higher 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 73	Current Contracts 79	Sold Vs. List Price 100.9%	Months of Supply 1.0

Down -25% Vs. Year Ago	Up 11% Vs. Year Ago	Down -3.9% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In May, there was 1.0 months of supply available in Centreville. The amount of supply is similar compared to 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 73 homes newly listed for sale in Centreville compared to 97 in May 2024, a decrease of 25%. There were 79 current contracts pending sale this May compared to 71 a year ago. The number of current contracts is 11% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Centreville was 100.9% 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 13, higher than the average last year, which was 7, an increase of 86%.


	Centreville are defined as properties listed in zip code/s 20120 and 20121.
	*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 BRIGHTMLS 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 BRIGHTMLS or Long & Foster Real Estate, Inc.