FRONT ROYAL HOUSING MARKET DATA

There was an increase in total units sold in May, with 50 sold this month in Front Royal Real Estate versus 43 last month, an increase of 16%. This month's total units sold was lower than at this time last year, a decrease of 9% versus May 2024.

Versus last year, the total number of homes available this month is lower by 10 units or 8%. The total number of active inventory this May was 119 compared to 129 in May 2024. This month's total of 119 is lower than the previous month's total supply of available inventory of 136, a decrease of 13%.

Last May, the median sale price for Front Royal Homes was $387,000. This May, the median sale price was $410,000, an increase of 6% or $23,000 compared to last year. The current median sold price is 12% 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 2.4 months of supply available in Front Royal. The amount of supply is similar compared to 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 60 homes newly listed for sale in Front Royal compared to 83 in May 2024, a decrease of 28%. There were 63 current contracts pending sale this May compared to 53 a year ago. The number of current contracts is 19% higher than last May.

In May, the average sale price in Front Royal 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 37, higher than the average last year, which was 31, an increase of 19%.





FOCUS ON: FRONT ROYAL HOUSING MARKET			MAY 2025

Zip Code(s): 22630
Units Sold 50	Active Inventory 119	Median Sale Price $410,000	Days On Market 37

Down -9% Vs. Year Ago	Down -8% Vs. Year Ago	Up 6% Vs. Year Ago	Up 19% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 50 sold this month in Front Royal Real Estate versus 43 last month, an increase of 16%. This month's total units sold was lower than at this time last year, a decrease of 9% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 10 units or 8%. The total number of active inventory this May was 119 compared to 129 in May 2024. This month's total of 119 is lower than the previous month's total supply of available inventory of 136, a decrease of 13%.
		Median Sale Price Last May, the median sale price for Front Royal Homes was $387,000. This May, the median sale price was $410,000, an increase of 6% or $23,000 compared to last year. The current median sold price is 12% 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 60	Current Contracts 63	Sold Vs. List Price 99.8%	Months of Supply 2.4

Down -28% Vs. Year Ago	Up 19% Vs. Year Ago	No Change Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In May, there was 2.4 months of supply available in Front Royal. The amount of supply is similar compared to 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 60 homes newly listed for sale in Front Royal compared to 83 in May 2024, a decrease of 28%. There were 63 current contracts pending sale this May compared to 53 a year ago. The number of current contracts is 19% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Front Royal 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 37, higher than the average last year, which was 31, an increase of 19%.


	Front Royal are defined as properties listed in zip code/s 22630.
	*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.