EDGEFIELD AND CHURCHLAND HOUSING MARKET DATA

There was a decrease in total units sold in May, with 39 sold this month in Edgefield and Churchland Real Estate versus 40 last month, a decrease of 3%. This month's total units sold was higher than at this time last year, an increase of 15% versus May 2024.

Versus last year, the total number of homes available this month is lower by 9 units or 14%. The total number of active inventory this May was 55 compared to 64 in May 2024. This month's total of 55 is lower than the previous month's total supply of available inventory of 58, a decrease of 5%.

Last May, the median sale price for Edgefield and Churchland Homes was $305,000. This May, the median sale price was $320,000, an increase of 5% or $15,000 compared to last year. The current median sold price is 1% 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 1.4 months of supply available in Edgefield and Churchland, compared to 1.9 in May 2024. That is a decrease of 25% 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 58 homes newly listed for sale in Edgefield and Churchland compared to 59 in May 2024, a decrease of 2%. There were 51 current contracts pending sale this May compared to 40 a year ago. The number of current contracts is 28% higher than last May.

In May, the average sale price in Edgefield and Churchland was 99.8% of the average list price, which is 0.7% lower than at this time last year.

This month, the average number of days on market was 26, higher than the average last year, which was 21, an increase of 24%.





FOCUS ON: EDGEFIELD AND CHURCHLAND HOUSING MARKET			MAY 2025

Zip Code(s): 23703
Units Sold 39	Active Inventory 55	Median Sale Price $320,000	Days On Market 26

Up 15% Vs. Year Ago	Down -14% Vs. Year Ago	Up 5% Vs. Year Ago	Up 24% Vs. Year Ago


		Units Sold There was a decrease in total units sold in May, with 39 sold this month in Edgefield and Churchland Real Estate versus 40 last month, a decrease of 3%. This month's total units sold was higher than at this time last year, an increase of 15% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 9 units or 14%. The total number of active inventory this May was 55 compared to 64 in May 2024. This month's total of 55 is lower than the previous month's total supply of available inventory of 58, a decrease of 5%.
		Median Sale Price Last May, the median sale price for Edgefield and Churchland Homes was $305,000. This May, the median sale price was $320,000, an increase of 5% or $15,000 compared to last year. The current median sold price is 1% 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 58	Current Contracts 51	Sold Vs. List Price 99.8%	Months of Supply 1.4

Down -2% Vs. Year Ago	Up 27% Vs. Year Ago	Down -0.7% Vs. Year Ago	Down -25% Vs. Year Ago


		Months of Supply In May, there was 1.4 months of supply available in Edgefield and Churchland, compared to 1.9 in May 2024. That is a decrease of 25% 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 59 in May 2024, a decrease of 2%. There were 51 current contracts pending sale this May compared to 40 a year ago. The number of current contracts is 28% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Edgefield and Churchland was 99.8% of the average list price, which is 0.7% lower than at this time last year. Days on Market This month, the average number of days on market was 26, higher than the average last year, which was 21, an increase of 24%.


	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.
	Information 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.