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| MARCH 2025 | |||
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| Zip Code(s): 20171 | |||
| Units Sold 17 |
Active Inventory 37 |
Median Sale Price $591,041 |
Days On Market 8 |
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| Down Vs. Year Ago |
Up 3% Vs. Year Ago |
Down Vs. Year Ago |
Down Vs. Year Ago |
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Units Sold
With relatively few transactions, there was an increase in total units sold in March, with 17 sold this month in Oak Hill Real Estate. This month's total units sold was lower than at this time last year, a decrease from March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 1 units or 3%. The total number of active inventory this March was 37 compared to 36 in March 2024. This month's total of 37 is higher than the previous month's total supply of available inventory of 26, an increase of 42%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last March, the median sale price for Oak Hill Homes was $761,985. This March, the median sale price was $591,041, a decrease of $170,944 compared to last year. The current median sold price is lower than in February. 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 44 |
Current Contracts 27 |
Sold Vs. List Price 101.7% |
Months of Supply 2.2 |
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| Up 16% Vs. Year Ago |
No Change Vs. Year Ago |
No Change Vs. Year Ago |
Up 33% Vs. Year Ago |
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Months of Supply
In March, there was 2.2 months of supply available in Oak Hill, compared to 1.6 in March 2024. That is an increase of 33% 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 44 homes newly listed for sale in Oak Hill compared to 38 in March 2024, an increase of 16%. There were 27 current contracts pending sale this March, consistent with the volume a year ago. The number of current contracts is 125% higher than last month. |
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Sale Price to List Price Ratio
In March, the average sale price in Oak Hill was 101.7% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 8, lower than the average last year, which was 24. This decrease was impacted by the limited number of sales. | |||
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Oak Hill are defined as properties listed in zip code/s 20171. | ||
| *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 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. |
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