The Long & Foster Market Minute

FOCUS ON: GAYTON, GODWIN, AND WELLESLEY HOUSING MARKET AUGUST 2025

Zip Code(s): 23233
Units Sold
34
Active Inventory
77
Median Sale Price
$432,500
Days On Market
30
Up 10%
Vs. Year Ago
Down -18%
Vs. Year Ago
Down -2%
Vs. Year Ago
Up
Vs. Year Ago

Units Sold
There was a decrease in total units sold in August, with 34 sold this month in Gayton, Godwin, and Wellesley Real Estate versus 35 last month, a decrease of 3%. This month's total units sold was higher than at this time last year, an increase of 10% versus August 2024.

Active Inventory
Versus last year, the total number of homes available this month is lower by 17 units or 18%. The total number of active inventory this August was 77 compared to 94 in August 2024. This month's total of 77 is lower than the previous month's total supply of available inventory of 92, a decrease of 16%.

Median Sale Price
Last August, the median sale price for Gayton, Godwin, and Wellesley Homes was $440,000. This August, the median sale price was $432,500, a decrease of 2% or $7,500 compared to last year. The current median sold price is 24% lower than in July.

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


New Listings
44
Current Contracts
38
Sold Vs. List Price
101.0%
Months of Supply
2.3
Up 19%
Vs. Year Ago
Down -7%
Vs. Year Ago
No Change
Vs. Year Ago
Down -25%
Vs. Year Ago

Months of Supply
In August, there was 2.3 months of supply available in Gayton, Godwin, and Wellesley, compared to 3.0 in August 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 44 homes newly listed for sale in Gayton, Godwin, and Wellesley compared to 37 in August 2024, an increase of 19%. There were 38 current contracts pending sale this August compared to 41 a year ago. The number of current contracts is 7% lower than last August.

Sale Price to List Price Ratio
In August, the average sale price in Gayton, Godwin, and Wellesley was 101.0% 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 30, higher than the average last year, which was 16. This increase was impacted by the limited number of sales.

The Long & Foster Market Minute Gayton, Godwin, and Wellesley are defined as properties listed in zip code/s 23233.
*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 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.