CHESTERFIELD COUNTY HOUSING MARKET DATA

There was an increase in total units sold in March, with 353 sold this month in Chesterfield County Real Estate versus 310 last month, an increase of 14%. This month's total units sold was lower than at this time last year, a decrease of 15% versus March 2024.

Versus last year, the total number of homes available this month is lower by 33 units or 4%. The total number of active inventory this March was 722 compared to 755 in March 2024. This month's total of 722 is lower than the previous month's total supply of available inventory of 795, a decrease of 9%.

Last March, the median sale price for Chesterfield County Homes was $400,000. This March, the median sale price was $415,000, an increase of 4% or $15,000 compared to last year. The current median sold price is 4% 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 2.0 months of supply available in Chesterfield County, compared to 1.8 in March 2024. That is an increase of 12% 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 545 homes newly listed for sale in Chesterfield County compared to 520 in March 2024, an increase of 5%. There were 514 current contracts pending sale this March compared to 479 a year ago. The number of current contracts is 7% higher than last March.

In March, the average sale price in Chesterfield County was 100.2% of the average list price, which is 1.6% lower than at this time last year.

This month, the average number of days on market was 41, higher than the average last year, which was 26, an increase of 58%.





FOCUS ON: CHESTERFIELD COUNTY HOUSING MARKET			MARCH 2025

Units Sold 353	Active Inventory 722	Median Sale Price $415,000	Days On Market 41

Down -15% Vs. Year Ago	Down -4% Vs. Year Ago	Up 4% Vs. Year Ago	Up 58% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 353 sold this month in Chesterfield County Real Estate versus 310 last month, an increase of 14%. This month's total units sold was lower than at this time last year, a decrease of 15% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 33 units or 4%. The total number of active inventory this March was 722 compared to 755 in March 2024. This month's total of 722 is lower than the previous month's total supply of available inventory of 795, a decrease of 9%.
		Median Sale Price Last March, the median sale price for Chesterfield County Homes was $400,000. This March, the median sale price was $415,000, an increase of 4% or $15,000 compared to last year. The current median sold price is 4% 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 545	Current Contracts 514	Sold Vs. List Price 100.2%	Months of Supply 2.0

Up 5% Vs. Year Ago	Up 7% Vs. Year Ago	Down -1.6% Vs. Year Ago	Up 13% Vs. Year Ago


		Months of Supply In March, there was 2.0 months of supply available in Chesterfield County, compared to 1.8 in March 2024. That is an increase of 12% 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 545 homes newly listed for sale in Chesterfield County compared to 520 in March 2024, an increase of 5%. There were 514 current contracts pending sale this March compared to 479 a year ago. The number of current contracts is 7% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Chesterfield County was 100.2% of the average list price, which is 1.6% lower than at this time last year. Days on Market This month, the average number of days on market was 41, higher than the average last year, which was 26, an increase of 58%.



	*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.