CHESTERFIELD COUNTY AND COLONIAL HEIGHTS CITY HOUSING MARKET DATA

There was an increase in total units sold in May, with 538 sold this month in Chesterfield County and Colonial Heights City Real Estate versus 444 last month, an increase of 21%. This month's total units sold was lower than at this time last year, a decrease of 6% versus May 2024.

Versus last year, the total number of homes available this month is higher by 92 units or 10%. The total number of active inventory this May was 975 compared to 883 in May 2024. This month's total of 975 is higher than the previous month's total supply of available inventory of 955, an increase of 2%.

Last May, the median sale price for Chesterfield County and Colonial Heights City Homes was $415,000. This May, the median sale price was $412,252, a decrease of 1% or $2,748 compared to last year. The current median sold price is 2% lower 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 Chesterfield County and Colonial Heights City, compared to 1.5 in May 2024. That is an increase of 18% 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 751 homes newly listed for sale in Chesterfield County and Colonial Heights City compared to 637 in May 2024, an increase of 18%. There were 573 current contracts pending sale this May compared to 515 a year ago. The number of current contracts is 11% higher than last May.

In May, the average sale price in Chesterfield County and Colonial Heights City was 101.1% of the average list price, which is 0.8% lower than at this time last year.

This month, the average number of days on market was 25, higher than the average last year, which was 22, an increase of 14%.





FOCUS ON: CHESTERFIELD COUNTY AND COLONIAL HEIGHTS CITY HOUSING MARKET			MAY 2025

Units Sold 538	Active Inventory 975	Median Sale Price $412,252	Days On Market 25

Down -6% Vs. Year Ago	Up 10% Vs. Year Ago	Down -1% Vs. Year Ago	Up 14% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 538 sold this month in Chesterfield County and Colonial Heights City Real Estate versus 444 last month, an increase of 21%. This month's total units sold was lower than at this time last year, a decrease of 6% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 92 units or 10%. The total number of active inventory this May was 975 compared to 883 in May 2024. This month's total of 975 is higher than the previous month's total supply of available inventory of 955, an increase of 2%.
		Median Sale Price Last May, the median sale price for Chesterfield County and Colonial Heights City Homes was $415,000. This May, the median sale price was $412,252, a decrease of 1% or $2,748 compared to last year. The current median sold price is 2% lower 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 751	Current Contracts 573	Sold Vs. List Price 101.1%	Months of Supply 1.8

Up 18% Vs. Year Ago	Up 11% Vs. Year Ago	Down -0.8% Vs. Year Ago	Up 18% Vs. Year Ago


		Months of Supply In May, there was 1.8 months of supply available in Chesterfield County and Colonial Heights City, compared to 1.5 in May 2024. That is an increase of 18% 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 751 homes newly listed for sale in Chesterfield County and Colonial Heights City compared to 637 in May 2024, an increase of 18%. There were 573 current contracts pending sale this May compared to 515 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 Chesterfield County and Colonial Heights City was 101.1% of the average list price, which is 0.8% lower than at this time last year. Days on Market This month, the average number of days on market was 25, higher than the average last year, which was 22, an increase of 14%.



	*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.