The Long & Foster Market Minute

Focus On: Kingstowne and Hayfield Housing Market September 2021

Zip Code(s): 22315
Units Sold
58
Active Inventory
53
Median Sale Price
$540,000
Days On Market
19
Up 9%
Vs. Year Ago
Up 71%
Vs. Year Ago
Up 2%
Vs. Year Ago
Up 111%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 58 sold this month in Kingstowne and Hayfield Real Estate versus 61 last month, a decrease of 5%. This month's total units sold was higher than at this time last year, an increase of 9% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is higher by 22 units or 71%. The total number of active inventory this September was 53 compared to 31 in September 2020. This month's total of 53 is higher than the previous month's total supply of available inventory of 39, an increase of 36%.

Median Sale Price
Last September, the median sale price for Kingstowne and Hayfield Homes was $530,000. This September, the median sale price was $540,000, an increase of 2% or $10,000 compared to last year. The current median sold price is 6% lower than in August.

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


New Listings
73
Current Contracts
47
Sold Vs. List Price
100.2%
Months of Supply
0.9
Up 26%
Vs. Year Ago
No Change
Vs. Year Ago
Down -1.4%
Vs. Year Ago
Up 57%
Vs. Year Ago

Months of Supply
In September, there was 0.9 months of supply available in Kingstowne and Hayfield, compared to 0.6 in September 2020. That is an increase of 56% 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 73 homes newly listed for sale in Kingstowne and Hayfield compared to 58 in September 2020, an increase of 26%. There were 47 current contracts pending sale this September, consistent with the volume a year ago. The number of current contracts is 22% lower than last month.

Sale Price to List Price Ratio
In September, the average sale price in Kingstowne and Hayfield was 100.2% of the average list price, which is 1.4% lower than at this time last year.

Days on Market
This month, the average number of days on market was 19, higher than the average last year, which was 9, an increase of 111%.

The Long & Foster Market Minute Kingstowne and Hayfield are defined as properties listed in zip code/s 22315.
*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.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS 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 BRIGHTMLS or Long & Foster Real Estate, Inc.