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| MAY 2025 | |||
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| Units Sold 123 |
Active Inventory 245 |
Median Sale Price $525,000 |
Days On Market 27 |
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| Up 10% Vs. Year Ago |
Up 81% Vs. Year Ago |
Up 6% Vs. Year Ago |
Down -18% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 123 sold this month in James City 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 110 units or 81%. The total number of active inventory this May was 245 compared to 135 in May 2024. This month's total of 245 is higher than the previous month's total supply of available inventory of 240, an increase of 2%. |
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Median Sale Price
Last May, the median sale price for James City County Homes was $493,000. This May, the median sale price was approximately the same at $525,000. The current median sold price is 6% higher than in May 2024. 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 145 |
Current Contracts 132 |
Sold Vs. List Price 99.7% |
Months of Supply 2.0 |
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| Up 18% Vs. Year Ago |
Up 21% Vs. Year Ago |
Up 0.7% Vs. Year Ago |
Up 64% Vs. Year Ago |
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Months of Supply
In May, there was 2.0 months of supply available in James City County, compared to 1.2 in May 2024. That is an increase of 65% 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 145 homes newly listed for sale in James City County compared to 123 in May 2024, an increase of 18%. There were 132 current contracts pending sale this May compared to 109 a year ago. The number of current contracts is 21% higher than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in James City County was 99.7% of the average list price, which is 0.7% higher than at this time last year. Days on Market
This month, the average number of days on market was 27, lower than the average last year, which was 33, a decrease of 18%. | |||
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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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