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| MARCH 2025 | |||
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| Units Sold 295 |
Active Inventory 489 |
Median Sale Price $410,000 |
Days On Market 26 |
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| Up 11% Vs. Year Ago |
Up 15% Vs. Year Ago |
Up 5% Vs. Year Ago |
Up 8% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in March, with 295 sold this month in Henrico County Real Estate. This month's total units sold was higher than at this time last year. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 65 units or 15%. The total number of active inventory this March was 489 compared to 424 in March 2024. This month's total of 489 is lower than the previous month's total supply of available inventory of 520, a decrease of 6%. |
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Median Sale Price
Last March, the median sale price for Henrico County Homes was $389,792. This March, the median sale price was $410,000, an increase of 5% or $20,208 compared to last year. The current median sold price is 5% higher than in February. 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 443 |
Current Contracts 430 |
Sold Vs. List Price 102.1% |
Months of Supply 1.7 |
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| Up 18% Vs. Year Ago |
Up 15% Vs. Year Ago |
No Change Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In March, there was 1.7 months of supply available in Henrico County. The amount of supply is similar compared to 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 443 homes newly listed for sale in Henrico County compared to 375 in March 2024, an increase of 18%. There were 430 current contracts pending sale this March compared to 373 a year ago. The number of current contracts is 15% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Henrico County was 102.1% 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 26, higher than the average last year, which was 24, an increase of 8%. | |||
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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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