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| MAY 2025 | |||
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| Zip Code(s): 23227 | |||
| Units Sold 20 |
Active Inventory 52 |
Median Sale Price $527,500 |
Days On Market 11 |
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| No Change Vs. Year Ago |
Up 206% Vs. Year Ago |
Up Vs. Year Ago |
Down -15% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in May, with 20 sold this month in Chamberlayne Real Estate, a decrease of 17%. This month's total units sold is similar compared to a year ago. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 35 units or 206%. The total number of active inventory this May was 52 compared to 17 in May 2024. This month's total of 52 is lower than the previous month's total supply of available inventory of 54, a decrease of 4%. |
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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 May, the median sale price for Chamberlayne Homes was $437,500. This May, the median sale price was $527,500, an increase of $90,000 compared to last year. The current median sold price is 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. |
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| New Listings 27 |
Current Contracts 26 |
Sold Vs. List Price 105.4% |
Months of Supply 2.6 |
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| Up 4% Vs. Year Ago |
Down -10% Vs. Year Ago |
Down -1.6% Vs. Year Ago |
Up 206% Vs. Year Ago |
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Months of Supply
In May, there was 2.6 months of supply available in Chamberlayne, compared to 0.9 in May 2024. That is an increase of 206% 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 27 homes newly listed for sale in Chamberlayne compared to 26 in May 2024, an increase of 4%. There were 26 current contracts pending sale this May compared to 29 a year ago. The number of current contracts is 10% lower than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Chamberlayne was 105.4% of the average list price, which is 1.7% lower than at this time last year. Days on Market
This month, the average number of days on market was 11, lower than the average last year, which was 13, a decrease of 15%. | |||
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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. |
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