Goochland County Housing Market Data

There was an increase in total units sold in October, with 35 sold this month in Goochland County Real Estate, an increase of 30%. This month's total units sold is similar compared to a year ago.

Versus last year, the total number of homes available this month is lower by 7 units or 6%. The total number of active inventory this October was 102 compared to 109 in October 2022. This month's supply remained stable as compared to last month.

Last October, the median sale price for Goochland County Homes was $569,160. This October, the median sale price was $570,465, which is similar compared to a year ago. The current median sold price is 2% higher than in September.

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

In October, there was 2.9 months of supply available in Goochland County, compared to 3.1 in October 2022. That is a decrease of 6% 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 47 homes newly listed for sale in Goochland County compared to 44 in October 2022, an increase of 7%. There were 33 current contracts pending sale this October compared to 35 a year ago. The number of current contracts is 6% lower than last October.

In October, the average sale price in Goochland County was 98.1% of the average list price, which is lower than at this time last year.

This month, the average number of days on market was 29, higher than the average last year, which was 25, an increase of 16%.





Focus On: Goochland County Housing Market			October 2023

Units Sold 35	Active Inventory 102	Median Sale Price $570,465	Days On Market 29

No Change Vs. Year Ago	Down -6% Vs. Year Ago	No Change Vs. Year Ago	Up 16% Vs. Year Ago


		Units Sold There was an increase in total units sold in October, with 35 sold this month in Goochland County Real Estate, an increase of 30%. This month's total units sold is similar compared to a year ago.
Active Inventory Versus last year, the total number of homes available this month is lower by 7 units or 6%. The total number of active inventory this October was 102 compared to 109 in October 2022. This month's supply remained stable as compared to last month.
		Median Sale Price Last October, the median sale price for Goochland County Homes was $569,160. This October, the median sale price was $570,465, which is similar compared to a year ago. The current median sold price is 2% higher than in September. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 47	Current Contracts 33	Sold Vs. List Price 98.1%	Months of Supply 2.9

Up 7% Vs. Year Ago	Down -6% Vs. Year Ago	Down Vs. Year Ago	Down -6% Vs. Year Ago


		Months of Supply In October, there was 2.9 months of supply available in Goochland County, compared to 3.1 in October 2022. That is a decrease of 6% 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 47 homes newly listed for sale in Goochland County compared to 44 in October 2022, an increase of 7%. There were 33 current contracts pending sale this October compared to 35 a year ago. The number of current contracts is 6% lower than last October.
		Sale Price to List Price Ratio In October, the average sale price in Goochland County was 98.1% of the average list price, which is lower than at this time last year. Days on Market This month, the average number of days on market was 29, higher than the average last year, which was 25, an increase of 16%.



	*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.