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| MARCH 2025 | |||
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| Units Sold 67 |
Active Inventory 204 |
Median Sale Price $550,000 |
Days On Market 40 |
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| Down -29% Vs. Year Ago |
Up 49% Vs. Year Ago |
Up 28% Vs. Year Ago |
Up 33% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in March, with 67 sold this month in James City County Real Estate versus 61 last month, an increase of 10%. This month's total units sold was lower than at this time last year, a decrease of 29% versus March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 67 units or 49%. The total number of active inventory this March was 204 compared to 137 in March 2024. This month's total of 204 is higher than the previous month's total supply of available inventory of 160, an increase of 28%. |
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Median Sale Price
Last March, the median sale price for James City County Homes was $430,000. This March, the median sale price was $550,000, an increase of $120,000 compared to last year. The current median sold price is 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 147 |
Current Contracts 86 |
Sold Vs. List Price 99.9% |
Months of Supply 3.0 |
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| Up 11% Vs. Year Ago |
Down -20% Vs. Year Ago |
No Change Vs. Year Ago |
Up 111% Vs. Year Ago |
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Months of Supply
In March, there was 3.0 months of supply available in James City County, compared to 1.4 in March 2024. That is an increase of 111% 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 147 homes newly listed for sale in James City County compared to 133 in March 2024, an increase of 11%. There were 86 current contracts pending sale this March compared to 108 a year ago. The number of current contracts is 20% lower than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in James City 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 40, higher than the average last year, which was 30, an increase of 33%. | |||
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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 WAAR 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 WAAR or Long & Foster Real Estate, Inc. |
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