GLEN ALLEN HOUSING MARKET DATA

There was an increase in total units sold in June, with 123 sold this month in Glen Allen Real Estate versus 117 last month, an increase of 5%. This month's total units sold was higher than at this time last year, an increase of 29% versus June 2024.

Versus last year, the total number of homes available this month is lower by 9 units or 5%. The total number of active inventory this June was 167 compared to 176 in June 2024. This month's total of 167 is lower than the previous month's total supply of available inventory of 192, a decrease of 13%.

Last June, the median sale price for Glen Allen Homes was $530,000. This June, the median sale price was $532,975, an increase of 1% or $2,975 compared to last year. The current median sold price is 7% higher than in May.

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

In June, there was 1.4 months of supply available in Glen Allen, compared to 1.9 in June 2024. That is a decrease of 27% 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 127 homes newly listed for sale in Glen Allen compared to 106 in June 2024, an increase of 20%. There were 123 current contracts pending sale this June compared to 97 a year ago. The number of current contracts is 27% higher than last June.

In June, the average sale price in Glen Allen was 100.9% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 18, lower than the average last year, which was 20, a decrease of 10%.





FOCUS ON: GLEN ALLEN HOUSING MARKET			JUNE 2025

Zip Code(s): 23059 and 23060
Units Sold 123	Active Inventory 167	Median Sale Price $532,975	Days On Market 18

Up 29% Vs. Year Ago	Down -5% Vs. Year Ago	Up 1% Vs. Year Ago	Down -10% Vs. Year Ago


		Units Sold There was an increase in total units sold in June, with 123 sold this month in Glen Allen Real Estate versus 117 last month, an increase of 5%. This month's total units sold was higher than at this time last year, an increase of 29% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 9 units or 5%. The total number of active inventory this June was 167 compared to 176 in June 2024. This month's total of 167 is lower than the previous month's total supply of available inventory of 192, a decrease of 13%.
		Median Sale Price Last June, the median sale price for Glen Allen Homes was $530,000. This June, the median sale price was $532,975, an increase of 1% or $2,975 compared to last year. The current median sold price is 7% higher than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 127	Current Contracts 123	Sold Vs. List Price 100.9%	Months of Supply 1.4

Up 20% Vs. Year Ago	Up 27% Vs. Year Ago	No Change Vs. Year Ago	Down -26% Vs. Year Ago


		Months of Supply In June, there was 1.4 months of supply available in Glen Allen, compared to 1.9 in June 2024. That is a decrease of 27% 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 127 homes newly listed for sale in Glen Allen compared to 106 in June 2024, an increase of 20%. There were 123 current contracts pending sale this June compared to 97 a year ago. The number of current contracts is 27% higher than last June.
		Sale Price to List Price Ratio In June, the average sale price in Glen Allen was 100.9% 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 18, lower than the average last year, which was 20, a decrease of 10%.


	Glen Allen are defined as properties listed in zip code/s 23059 and 23060.
	*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.