The Long & Foster Market Minute

FOCUS ON: HAYMARKET AND CATHARPIN HOUSING MARKET MAY 2025

Zip Code(s): 20169, 20168 and 20143
Units Sold
36
Active Inventory
60
Median Sale Price
$732,500
Days On Market
19
Down -31%
Vs. Year Ago
Up 9%
Vs. Year Ago
Down -2%
Vs. Year Ago
Up 36%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in May, with 36 sold this month in Haymarket and Catharpin Real Estate versus 46 last month, a decrease of 22%. This month's total units sold was lower than at this time last year, a decrease of 31% versus May 2024.

Active Inventory
Versus last year, the total number of homes available this month is higher by 5 units or 9%. The total number of active inventory this May was 60 compared to 55 in May 2024. This month's total of 60 is lower than the previous month's total supply of available inventory of 63, a decrease of 5%.

Median Sale Price
Last May, the median sale price for Haymarket and Catharpin Homes was $750,000. This May, the median sale price was $732,500, a decrease of 2% or $17,500 compared to last year. The current median sold price is 7% lower 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
65
Current Contracts
62
Sold Vs. List Price
101.2%
Months of Supply
1.7
Up 2%
Vs. Year Ago
Up 19%
Vs. Year Ago
Down -0.7%
Vs. Year Ago
Up 58%
Vs. Year Ago

Months of Supply
In May, there was 1.7 months of supply available in Haymarket and Catharpin, compared to 1.1 in May 2024. That is an increase of 58% 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 65 homes newly listed for sale in Haymarket and Catharpin compared to 64 in May 2024, an increase of 2%. There were 62 current contracts pending sale this May compared to 52 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 Haymarket and Catharpin was 101.2% of the average list price, which is 0.7% lower than at this time last year.

Days on Market
This month, the average number of days on market was 19, higher than the average last year, which was 14, an increase of 36%.

The Long & Foster Market Minute Haymarket and Catharpin are defined as properties listed in zip code/s 20169, 20168 and 20143.
*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 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.