CENTREVILLE HOUSING MARKET DATA

There was an increase in total units sold in March, with 39 sold this month in Centreville Real Estate versus 33 last month, an increase of 18%. This month's total units sold was lower than at this time last year, a decrease of 11% versus March 2024.

Versus last year, the total number of homes available this month is lower by 7 units or 14%. The total number of active inventory this March was 43 compared to 50 in March 2024. This month's total of 43 is lower than the previous month's total supply of available inventory of 65, a decrease of 34%.

Last March, the median sale price for Centreville Homes was $597,500. This March, the median sale price was $615,580, an increase of 3% or $18,080 compared to last year. The current median sold price is 4% 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.

In March, there was 1.1 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 71 homes newly listed for sale in Centreville compared to 75 in March 2024, a decrease of 5%. There were 83 current contracts pending sale this March compared to 51 a year ago. The number of current contracts is 63% higher than last March.

In March, the average sale price in Centreville was 102.1% of the average list price, which is 2.7% lower than at this time last year.

This month, the average number of days on market was 15, higher than the average last year, which was 11, an increase of 36%.





FOCUS ON: CENTREVILLE HOUSING MARKET			MARCH 2025

Zip Code(s): 20120 and 20121
Units Sold 39	Active Inventory 43	Median Sale Price $615,580	Days On Market 15

Down -11% Vs. Year Ago	Down -14% Vs. Year Ago	Up 3% Vs. Year Ago	Up 36% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 39 sold this month in Centreville Real Estate versus 33 last month, an increase of 18%. This month's total units sold was lower than at this time last year, a decrease of 11% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 7 units or 14%. The total number of active inventory this March was 43 compared to 50 in March 2024. This month's total of 43 is lower than the previous month's total supply of available inventory of 65, a decrease of 34%.
		Median Sale Price Last March, the median sale price for Centreville Homes was $597,500. This March, the median sale price was $615,580, an increase of 3% or $18,080 compared to last year. The current median sold price is 4% 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.



New Listings 71	Current Contracts 83	Sold Vs. List Price 102.1%	Months of Supply 1.1

Down -5% Vs. Year Ago	Up 63% Vs. Year Ago	Down -2.6% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In March, there was 1.1 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 71 homes newly listed for sale in Centreville compared to 75 in March 2024, a decrease of 5%. There were 83 current contracts pending sale this March compared to 51 a year ago. The number of current contracts is 63% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Centreville was 102.1% of the average list price, which is 2.7% lower than at this time last year. Days on Market This month, the average number of days on market was 15, higher than the average last year, which was 11, an increase of 36%.


	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.