CHAMBERLAYNE HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in March, with 12 sold this month in Chamberlayne Real Estate. This month's total units sold was lower than at this time last year, a decrease from March 2024.

Versus last year, the total number of homes available this month is higher by 11 units or 58%. The total number of active inventory this March was 30 compared to 19 in March 2024. This month's total of 30 is lower than the previous month's total supply of available inventory of 34, a decrease of 12%.

Last March, the median sale price for Chamberlayne Homes was $450,000. This March, the median sale price was $420,000, a decrease of 7% or $30,000 compared to last year. The current median sold price is 21% higher 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 2.5 months of supply available in Chamberlayne, compared to 0.8 in March 2024. That is an increase of 203% 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.

This month there were 24 homes newly listed for sale in Chamberlayne compared to 18 in March 2024, an increase of 33%. There were 28 current contracts pending sale this March compared to 25 a year ago. The number of current contracts is 12% higher than last March.

In March, the average sale price in Chamberlayne was 99.4% of the average list price, which is 5.1% lower than at this time last year.

This month, the average number of days on market was 74, higher than the average last year, which was 50, an increase of 48%.





FOCUS ON: CHAMBERLAYNE HOUSING MARKET			MARCH 2025

Zip Code(s): 23227
Units Sold 12	Active Inventory 30	Median Sale Price $420,000	Days On Market 74

Down Vs. Year Ago	Up 58% Vs. Year Ago	Down -7% Vs. Year Ago	Up 48% Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in March, with 12 sold this month in Chamberlayne Real Estate. This month's total units sold was lower than at this time last year, a decrease from March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 11 units or 58%. The total number of active inventory this March was 30 compared to 19 in March 2024. This month's total of 30 is lower than the previous month's total supply of available inventory of 34, a decrease of 12%.
		Median Sale Price Last March, the median sale price for Chamberlayne Homes was $450,000. This March, the median sale price was $420,000, a decrease of 7% or $30,000 compared to last year. The current median sold price is 21% higher 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 24	Current Contracts 28	Sold Vs. List Price 99.4%	Months of Supply 2.5

Up 33% Vs. Year Ago	Up 12% Vs. Year Ago	Down -4.8% Vs. Year Ago	Up 201% Vs. Year Ago


		Months of Supply In March, there was 2.5 months of supply available in Chamberlayne, compared to 0.8 in March 2024. That is an increase of 203% 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 24 homes newly listed for sale in Chamberlayne compared to 18 in March 2024, an increase of 33%. There were 28 current contracts pending sale this March compared to 25 a year ago. The number of current contracts is 12% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Chamberlayne was 99.4% of the average list price, which is 5.1% lower than at this time last year. Days on Market This month, the average number of days on market was 74, higher than the average last year, which was 50, an increase of 48%.


	Chamberlayne are defined as properties listed in zip code/s 23227.
	*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 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.