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| MARCH 2025 | |||
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| Zip Code(s): 20119, 20138, 20139, 22712, 22720, 22728, 22734 and 22742 | |||
| Units Sold 20 |
Active Inventory 50 |
Median Sale Price $592,999 |
Days On Market 56 |
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| Down Vs. Year Ago |
Up 56% Vs. Year Ago |
Up Vs. Year Ago |
Down -2% Vs. Year Ago |
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Units Sold
With relatively few transactions, there was an increase in total units sold in March, with 20 sold this month in Remington, Midland, and Southern Fauquier County 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 18 units or 56%. The total number of active inventory this March was 50 compared to 32 in March 2024. This month's total of 50 is lower than the previous month's total supply of available inventory of 61, a decrease of 18%. |
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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 Remington, Midland, and Southern Fauquier County Homes was $427,500. This March, the median sale price was $592,999, an increase of $165,499 compared to last year. The current median sold price is higher 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 23 |
Current Contracts 32 |
Sold Vs. List Price 100.1% |
Months of Supply 2.5 |
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| Up 15% Vs. Year Ago |
Up 60% Vs. Year Ago |
Up 1.4% Vs. Year Ago |
Up 88% Vs. Year Ago |
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Months of Supply
In March, there was 2.5 months of supply available in Remington, Midland, and Southern Fauquier County, compared to 1.3 in March 2024. That is an increase of 88% 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 23 homes newly listed for sale in Remington, Midland, and Southern Fauquier County compared to 20 in March 2024, an increase of 15%. There were 32 current contracts pending sale this March compared to 20 a year ago. The number of current contracts is 60% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Remington, Midland, and Southern Fauquier County was 100.1% of the average list price, which is 1.4% higher than at this time last year. Days on Market
This month, the average number of days on market was 56, lower than the average last year, which was 57, a decrease of 2%. | |||
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Remington, Midland, and Southern Fauquier County are defined as properties listed in zip code/s 20119, 20138, 20139, 22712, 22720, 22728, 22734 and 22742. | ||
| *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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