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| FEBRUARY 2025 | |||
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| Units Sold 209 |
Active Inventory 483 |
Median Sale Price $395,000 |
Days On Market 40 |
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| Down -23% Vs. Year Ago |
Up 5% Vs. Year Ago |
Up 9% Vs. Year Ago |
Up 60% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in February, with 209 sold this month in Henrico County Real Estate versus 225 last month, a decrease of 7%. This month's total units sold was lower than at this time last year, a decrease of 23% versus February 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 21 units or 5%. The total number of active inventory this February was 483 compared to 462 in February 2024. This month's total of 483 is lower than the previous month's total supply of available inventory of 513, a decrease of 6%. |
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Median Sale Price
Last February, the median sale price for Henrico County Homes was $361,000. This February, the median sale price was $395,000, an increase of 9% or $34,000 compared to last year. The current median sold price is 3% higher than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 331 |
Current Contracts 292 |
Sold Vs. List Price 99.7% |
Months of Supply 2.3 |
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| Up 3% Vs. Year Ago |
No Change Vs. Year Ago |
No Change Vs. Year Ago |
Up 37% Vs. Year Ago |
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Months of Supply
In February, there was 2.3 months of supply available in Henrico County, compared to 1.7 in February 2024. That is an increase of 37% 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. |
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New Listings & Current Contracts
This month there were 331 homes newly listed for sale in Henrico County compared to 320 in February 2024, an increase of 3%. There were 292 current contracts pending sale this February, consistent with the volume a year ago. The number of current contracts is 19% higher than last month. |
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Sale Price to List Price Ratio
In February, the average sale price in Henrico County was 99.7% 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 40, higher than the average last year, which was 25, an increase of 60%. | |||
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| *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. |
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