MIDLOTHIAN HOUSING MARKET DATA

There was a decrease in total units sold in May, with 152 sold this month in Midlothian Real Estate versus 155 last month, a decrease of 2%. This month's total units sold was lower than at this time last year, a decrease of 11% versus May 2024.

Versus last year, the total number of homes available this month is higher by 73 units or 34%. The total number of active inventory this May was 286 compared to 213 in May 2024. This month's total of 286 is higher than the previous month's total supply of available inventory of 269, an increase of 6%.

Last May, the median sale price for Midlothian Homes was $459,685. This May, the median sale price was $475,000, an increase of 3% or $15,315 compared to last year. The current median sold price is 1% higher than in April.

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

In May, there was 1.9 months of supply available in Midlothian, compared to 1.2 in May 2024. That is an increase of 51% 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 233 homes newly listed for sale in Midlothian compared to 182 in May 2024, an increase of 28%. There were 188 current contracts pending sale this May compared to 165 a year ago. The number of current contracts is 14% higher than last May.

In May, the average sale price in Midlothian was 101.2% of the average list price, which is 0.6% lower than at this time last year.

This month, the average number of days on market was 14, lower than the average last year, which was 16, a decrease of 13%.





FOCUS ON: MIDLOTHIAN HOUSING MARKET			MAY 2025

Zip Code(s): 23112, 23114 and 23113
Units Sold 152	Active Inventory 286	Median Sale Price $475,000	Days On Market 14

Down -11% Vs. Year Ago	Up 34% Vs. Year Ago	Up 3% Vs. Year Ago	Down -13% Vs. Year Ago


		Units Sold There was a decrease in total units sold in May, with 152 sold this month in Midlothian Real Estate versus 155 last month, a decrease of 2%. This month's total units sold was lower than at this time last year, a decrease of 11% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 73 units or 34%. The total number of active inventory this May was 286 compared to 213 in May 2024. This month's total of 286 is higher than the previous month's total supply of available inventory of 269, an increase of 6%.
		Median Sale Price Last May, the median sale price for Midlothian Homes was $459,685. This May, the median sale price was $475,000, an increase of 3% or $15,315 compared to last year. The current median sold price is 1% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 233	Current Contracts 188	Sold Vs. List Price 101.2%	Months of Supply 1.9

Up 28% Vs. Year Ago	Up 14% Vs. Year Ago	Down -0.6% Vs. Year Ago	Up 50% Vs. Year Ago


		Months of Supply In May, there was 1.9 months of supply available in Midlothian, compared to 1.2 in May 2024. That is an increase of 51% 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 233 homes newly listed for sale in Midlothian compared to 182 in May 2024, an increase of 28%. There were 188 current contracts pending sale this May compared to 165 a year ago. The number of current contracts is 14% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Midlothian was 101.2% of the average list price, which is 0.6% lower than at this time last year. Days on Market This month, the average number of days on market was 14, lower than the average last year, which was 16, a decrease of 13%.


	Midlothian are defined as properties listed in zip code/s 23112, 23114 and 23113.
	*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.