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| APRIL 2025 | |||
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| Units Sold 5 |
Active Inventory 28 |
Median Sale Price $525,000 |
Days On Market 112 |
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| No Change Vs. Year Ago |
Up 17% Vs. Year Ago |
Up Vs. Year Ago |
Up Vs. Year Ago |
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Units Sold
There was an increase in total units sold in April, with 5 sold this month in Rappahannock County Real Estate, an increase of 67%. This month's total units sold is similar compared to a year ago. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 4 units or 17%. The total number of active inventory this April was 28 compared to 24 in April 2024. This month's supply remained stable as compared to last month. |
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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 April, the median sale price for Rappahannock County Homes was $489,000. This April, the median sale price was $525,000, an increase of $36,000 compared to last year. The current median sold price is lower 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 9 |
Current Contracts 6 |
Sold Vs. List Price 94.8% |
Months of Supply 5.6 |
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| Down -25% Vs. Year Ago |
Up 100% Vs. Year Ago |
Down Vs. Year Ago |
Up 17% Vs. Year Ago |
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Months of Supply
In April, there was 5.6 months of supply available in Rappahannock County, compared to 4.8 in April 2024. That is an increase of 17% 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 9 homes newly listed for sale in Rappahannock County compared to 12 in April 2024, a decrease of 25%. There were 6 current contracts pending sale this April compared to 3 a year ago. The number of current contracts remained stable as compared to last April. |
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Sale Price to List Price Ratio
In April, the average sale price in Rappahannock County was 94.8% of the average list price, which is lower than at this time last year. Days on Market
This month, the average number of days on market was 112, higher than the average last year, which was 58. This increase was impacted by the limited number of sales. | |||
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| *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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