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| APRIL 2025 | |||
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| Zip Code(s): 23112, 23114 and 23113 | |||
| Units Sold 155 |
Active Inventory 232 |
Median Sale Price $469,338 |
Days On Market 30 |
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| Up 3% Vs. Year Ago |
Up 10% Vs. Year Ago |
Up 3% Vs. Year Ago |
Up 67% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in April, with 155 sold this month in Midlothian 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 21 units or 10%. The total number of active inventory this April was 232 compared to 211 in April 2024. This month's total of 232 is lower than the previous month's total supply of available inventory of 236, a decrease of 2%. |
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Median Sale Price
Last April, the median sale price for Midlothian Homes was $455,000. This April, the median sale price was $469,338, an increase of 3% or $14,338 compared to last year. The current median sold price is 10% higher 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. |
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| New Listings 211 |
Current Contracts 173 |
Sold Vs. List Price 101.7% |
Months of Supply 1.5 |
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| Down -3% Vs. Year Ago |
Down -4% Vs. Year Ago |
Down -1.1% Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In April, there was 1.5 months of supply available in Midlothian. The amount of supply is similar compared to 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 211 homes newly listed for sale in Midlothian compared to 217 in April 2024, a decrease of 3%. There were 173 current contracts pending sale this April compared to 180 a year ago. The number of current contracts is 4% lower than last April. |
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Sale Price to List Price Ratio
In April, the average sale price in Midlothian was 101.7% of the average list price, which is 1.1% lower than at this time last year. Days on Market
This month, the average number of days on market was 30, higher than the average last year, which was 18, an increase of 67%. | |||
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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. |
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