ISLE OF WIGHT COUNTY HOUSING MARKET DATA

There was an increase in total units sold in April, with 43 sold this month in Isle of Wight County Real Estate versus 34 last month, an increase of 26%. This month's total units sold was lower than at this time last year, a decrease of 19% versus April 2024.

Versus last year, the total number of homes available this month is lower by 27 units or 23%. The total number of active inventory this April was 93 compared to 120 in April 2024. This month's total of 93 is lower than the previous month's total supply of available inventory of 115, a decrease of 19%.

Last April, the median sale price for Isle of Wight County Homes was $405,830. This April, the median sale price was $415,000, an increase of 2% or $9,170 compared to last year. The current median sold price is 18% lower than in March.

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

In April, there was 2.2 months of supply available in Isle of Wight County, compared to 2.3 in April 2024. That is a decrease of 4% 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 89 homes newly listed for sale in Isle of Wight County compared to 69 in April 2024, an increase of 29%. There were 94 current contracts pending sale this April compared to 61 a year ago. The number of current contracts is 54% higher than last April.

In April, the average sale price in Isle of Wight County was 99.9% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 38, higher than the average last year, which was 32, an increase of 19%.





FOCUS ON: ISLE OF WIGHT COUNTY HOUSING MARKET			APRIL 2025

Units Sold 43	Active Inventory 93	Median Sale Price $415,000	Days On Market 38

Down -19% Vs. Year Ago	Down -22% Vs. Year Ago	Up 2% Vs. Year Ago	Up 19% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 43 sold this month in Isle of Wight County Real Estate versus 34 last month, an increase of 26%. This month's total units sold was lower than at this time last year, a decrease of 19% versus April 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 27 units or 23%. The total number of active inventory this April was 93 compared to 120 in April 2024. This month's total of 93 is lower than the previous month's total supply of available inventory of 115, a decrease of 19%.
		Median Sale Price Last April, the median sale price for Isle of Wight County Homes was $405,830. This April, the median sale price was $415,000, an increase of 2% or $9,170 compared to last year. The current median sold price is 18% lower than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 89	Current Contracts 94	Sold Vs. List Price 99.9%	Months of Supply 2.2

Up 29% Vs. Year Ago	Up 54% Vs. Year Ago	No Change Vs. Year Ago	Down -4% Vs. Year Ago


		Months of Supply In April, there was 2.2 months of supply available in Isle of Wight County, compared to 2.3 in April 2024. That is a decrease of 4% 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 89 homes newly listed for sale in Isle of Wight County compared to 69 in April 2024, an increase of 29%. There were 94 current contracts pending sale this April compared to 61 a year ago. The number of current contracts is 54% higher than last April.
		Sale Price to List Price Ratio In April, the average sale price in Isle of Wight County was 99.9% 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 38, higher than the average last year, which was 32, an increase of 19%.



	*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 REIN 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 REIN or Long & Foster Real Estate, Inc.