The Long & Foster Market Minute

Focus On: Goochland County Housing Market September 2021

Units Sold
38
Active Inventory
75
Median Sale Price
$411,250
Days On Market
21
No Change
Vs. Year Ago
Down -38%
Vs. Year Ago
Down -4%
Vs. Year Ago
Down
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 38 sold this month in Goochland County Real Estate, a decrease of 5%. 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 45 units or 38%. The total number of active inventory this September was 75 compared to 120 in September 2020. This month's total of 75 is lower than the previous month's total supply of available inventory of 89, a decrease of 16%.

Median Sale Price
Last September, the median sale price for Goochland County Homes was $429,960. This September, the median sale price was $411,250, a decrease of 4% or $18,710 compared to last year. The current median sold price is 9% lower than in August.

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


New Listings
71
Current Contracts
62
Sold Vs. List Price
105.0%
Months of Supply
2.0
Up 54%
Vs. Year Ago
Up 15%
Vs. Year Ago
Up
Vs. Year Ago
Down -38%
Vs. Year Ago

Months of Supply
In September, there was 2.0 months of supply available in Goochland County, compared to 3.2 in September 2020. That is a decrease of 38% 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 71 homes newly listed for sale in Goochland County compared to 46 in September 2020, an increase of 54%. There were 62 current contracts pending sale this September compared to 54 a year ago. The number of current contracts is 15% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Goochland County was 105.0% of the average list price, which is higher than at this time last year.

Days on Market
This month, the average number of days on market was 21, lower than the average last year, which was 69. This decrease was impacted by the limited number of sales.

The Long & Foster Market Minute
*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.