CHANCELLOR AND SOUTHERN FREDERICKSBURG HOUSING MARKET DATA

There was an increase in total units sold in May, with 126 sold this month in Chancellor and Southern Fredericksburg Real Estate versus 100 last month, an increase of 26%. This month's total units sold was higher than at this time last year, an increase of 17% versus May 2024.

Versus last year, the total number of homes available this month is higher by 51 units or 29%. The total number of active inventory this May was 224 compared to 173 in May 2024. This month's total of 224 is lower than the previous month's total supply of available inventory of 231, a decrease of 3%.

Last May, the median sale price for Chancellor and Southern Fredericksburg Homes was $446,000. This May, the median sale price was $461,000, an increase of 3% or $15,000 compared to last year. The current median sold price is 6% 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 1.8 months of supply available in Chancellor and Southern Fredericksburg, compared to 1.6 in May 2024. That is an increase of 11% 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 156 homes newly listed for sale in Chancellor and Southern Fredericksburg compared to 143 in May 2024, an increase of 9%. There were 125 current contracts pending sale this May compared to 106 a year ago. The number of current contracts is 18% higher than last May.

In May, the average sale price in Chancellor and Southern Fredericksburg was 99.8% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 18, lower than the average last year, which was 20, a decrease of 10%.





FOCUS ON: CHANCELLOR AND SOUTHERN FREDERICKSBURG HOUSING MARKET			MAY 2025

Zip Code(s): 22407 and 22408
Units Sold 126	Active Inventory 224	Median Sale Price $461,000	Days On Market 18

Up 17% Vs. Year Ago	Up 29% Vs. Year Ago	Up 3% Vs. Year Ago	Down -10% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 126 sold this month in Chancellor and Southern Fredericksburg Real Estate versus 100 last month, an increase of 26%. This month's total units sold was higher than at this time last year, an increase of 17% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 51 units or 29%. The total number of active inventory this May was 224 compared to 173 in May 2024. This month's total of 224 is lower than the previous month's total supply of available inventory of 231, a decrease of 3%.
		Median Sale Price Last May, the median sale price for Chancellor and Southern Fredericksburg Homes was $446,000. This May, the median sale price was $461,000, an increase of 3% or $15,000 compared to last year. The current median sold price is 6% 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 156	Current Contracts 125	Sold Vs. List Price 99.8%	Months of Supply 1.8

Up 9% Vs. Year Ago	Up 18% Vs. Year Ago	No Change Vs. Year Ago	Up 11% Vs. Year Ago


		Months of Supply In May, there was 1.8 months of supply available in Chancellor and Southern Fredericksburg, compared to 1.6 in May 2024. That is an increase of 11% 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 156 homes newly listed for sale in Chancellor and Southern Fredericksburg compared to 143 in May 2024, an increase of 9%. There were 125 current contracts pending sale this May compared to 106 a year ago. The number of current contracts is 18% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Chancellor and Southern Fredericksburg was 99.8% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 18, lower than the average last year, which was 20, a decrease of 10%.


	Chancellor and Southern Fredericksburg are defined as properties listed in zip code/s 22407 and 22408.
	*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.