NORTHERN MECHANICSVILLE, ASHLAND, AND MONTPELIER HOUSING MARKET DATA

There was an increase in total units sold in August, with 80 sold this month in Northern Mechanicsville, Ashland, and Montpelier Real Estate versus 71 last month, an increase of 13%. This month's total units sold was lower than at this time last year, a decrease of 6% versus August 2024.

Versus last year, the total number of homes available this month is lower by 46 units or 19%. The total number of active inventory this August was 202 compared to 248 in August 2024. This month's total of 202 is lower than the previous month's total supply of available inventory of 226, a decrease of 11%.

Last August, the median sale price for Northern Mechanicsville, Ashland, and Montpelier Homes was $538,000. This August, the median sale price was $509,975, a decrease of 5% or $28,025 compared to last year. The current median sold price is 6% lower than in July.

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

In August, there was 2.5 months of supply available in Northern Mechanicsville, Ashland, and Montpelier, compared to 2.9 in August 2024. That is a decrease of 13% 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 76 homes newly listed for sale in Northern Mechanicsville, Ashland, and Montpelier compared to 105 in August 2024, a decrease of 28%. There were 66 current contracts pending sale this August compared to 73 a year ago. The number of current contracts is 10% lower than last August.

In August, the average sale price in Northern Mechanicsville, Ashland, and Montpelier was 99.7% of the average list price, which is 1.4% lower than at this time last year.

This month, the average number of days on market was 26, lower than the average last year, which was 37, a decrease of 30%.





FOCUS ON: NORTHERN MECHANICSVILLE, ASHLAND, AND MONTPELIER HOUSING MARKET			AUGUST 2025

Zip Code(s): 23005, 23015, 23047, 23069, 23116, 23146 and 23192
Units Sold 80	Active Inventory 202	Median Sale Price $509,975	Days On Market 26

Down -6% Vs. Year Ago	Down -19% Vs. Year Ago	Down -5% Vs. Year Ago	Down -30% Vs. Year Ago


		Units Sold There was an increase in total units sold in August, with 80 sold this month in Northern Mechanicsville, Ashland, and Montpelier Real Estate versus 71 last month, an increase of 13%. This month's total units sold was lower than at this time last year, a decrease of 6% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 46 units or 19%. The total number of active inventory this August was 202 compared to 248 in August 2024. This month's total of 202 is lower than the previous month's total supply of available inventory of 226, a decrease of 11%.
		Median Sale Price Last August, the median sale price for Northern Mechanicsville, Ashland, and Montpelier Homes was $538,000. This August, the median sale price was $509,975, a decrease of 5% or $28,025 compared to last year. The current median sold price is 6% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 76	Current Contracts 66	Sold Vs. List Price 99.7%	Months of Supply 2.5

Down -28% Vs. Year Ago	Down -10% Vs. Year Ago	Down -1.4% Vs. Year Ago	Down -13% Vs. Year Ago


		Months of Supply In August, there was 2.5 months of supply available in Northern Mechanicsville, Ashland, and Montpelier, compared to 2.9 in August 2024. That is a decrease of 13% 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 76 homes newly listed for sale in Northern Mechanicsville, Ashland, and Montpelier compared to 105 in August 2024, a decrease of 28%. There were 66 current contracts pending sale this August compared to 73 a year ago. The number of current contracts is 10% lower than last August.
		Sale Price to List Price Ratio In August, the average sale price in Northern Mechanicsville, Ashland, and Montpelier was 99.7% 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 26, lower than the average last year, which was 37, a decrease of 30%.


	Northern Mechanicsville, Ashland, and Montpelier are defined as properties listed in zip code/s 23005, 23015, 23047, 23069, 23116, 23146 and 23192.
	*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.