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| MAY 2025 | |||
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| Units Sold 7 |
Active Inventory 31 |
Median Sale Price $610,000 |
Days On Market 58 |
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| Up Vs. Year Ago |
No Change Vs. Year Ago |
Up Vs. Year Ago |
Up Vs. Year Ago |
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Units Sold
With relatively few transactions, there was an increase in total units sold in May, with 7 sold this month in Rappahannock County Real Estate. This month's total units sold was higher than at this time last year, an increase from May 2024. |
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Active Inventory
The total number of homes available this month is 31 units, which is similar compared to a year ago. This month's total of 31 is higher than the previous month's total supply of available inventory of 28, an increase of 11%. |
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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 May, the median sale price for Rappahannock County Homes was $378,750. This May, the median sale price was $610,000, an increase of $231,250 compared to last year. The current median sold price is 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. |
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| New Listings 13 |
Current Contracts 7 |
Sold Vs. List Price 93.5% |
Months of Supply 4.4 |
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| Down -24% Vs. Year Ago |
Down -13% Vs. Year Ago |
Down -4.3% Vs. Year Ago |
Down -14% Vs. Year Ago |
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Months of Supply
In May, there was 4.4 months of supply available in Rappahannock County, compared to 5.2 in May 2024. That is a decrease of 14% 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 13 homes newly listed for sale in Rappahannock County compared to 17 in May 2024, a decrease of 24%. There were 7 current contracts pending sale this May compared to 8 a year ago. The number of current contracts is 13% lower than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Rappahannock County was 93.5% of the average list price, which is 4.2% lower than at this time last year. Days on Market
This month, the average number of days on market was 58, higher than the average last year, which was 12. 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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