The Long & Foster Market Minute

Focus On: Edgefield and Churchland Housing Market September 2021

Zip Code(s): 23703
Units Sold
61
Active Inventory
47
Median Sale Price
$260,000
Days On Market
19
Up 13%
Vs. Year Ago
Down -38%
Vs. Year Ago
Up 7%
Vs. Year Ago
Down -24%
Vs. Year Ago

Units Sold
The number of units sold remained stable in September, with 61 sold this month in Edgefield and Churchland Real Estate. This month's total units sold was higher than at this time last year, an increase of 16% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 29 units or 38%. The total number of active inventory this September was 47 compared to 76 in September 2020. This month's total of 47 is lower than the previous month's total supply of available inventory of 77, a decrease of 39%.

Median Sale Price
Last September, the median sale price for Edgefield and Churchland Homes was $242,500. This September, the median sale price was $260,000, an increase of 7% or $17,500 compared to last year. The current median sold price is 11% higher than in August.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
58
Current Contracts
77
Sold Vs. List Price
100.8%
Months of Supply
0.8
Up 16%
Vs. Year Ago
Up 79%
Vs. Year Ago
Up 1.1%
Vs. Year Ago
Down -45%
Vs. Year Ago

Months of Supply
In September, there was 0.8 months of supply available in Edgefield and Churchland, compared to 1.4 in September 2020. That is a decrease of 45% 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 58 homes newly listed for sale in Edgefield and Churchland compared to 50 in September 2020, an increase of 16%. There were 77 current contracts pending sale this September compared to 43 a year ago. The number of current contracts is 79% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Edgefield and Churchland was 100.8% of the average list price, which is 1.1% higher than at this time last year.

Days on Market
This month, the average number of days on market was 19, lower than the average last year, which was 25, a decrease of 24%.

The Long & Foster Market Minute Edgefield and Churchland are defined as properties listed in zip code/s 23703.
*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.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by REIN 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 REIN or Long & Foster Real Estate, Inc.