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FOCUS ON: ROBIOUS CORRIDOR HOUSING MARKET |
AUGUST 2025 |
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Zip Code(s): 23113 |
Units Sold
35 |
Active Inventory
38 |
Median Sale Price
$715,000 |
Days On Market
18 |
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No Change
Vs. Year Ago |
Down -24%
Vs. Year Ago |
Up 4%
Vs. Year Ago |
Down -45%
Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in August, with 35 sold this month in Robious Corridor Real Estate, a decrease of 33%. 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 lower by 12 units or 24%. The total number of active inventory this August was 38 compared to 50 in August 2024. This month's total of 38 is lower than the previous month's total supply of available inventory of 55, a decrease of 31%.
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Median Sale Price
Last August, the median sale price for Robious Corridor Homes was $690,000. This August, the median sale price was $715,000, an increase of 4% or $25,000 compared to last year. The current median sold price is 9% higher 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.
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New Listings
35 |
Current Contracts
42 |
Sold Vs. List Price
101.6% |
Months of Supply
1.1 |
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Down -13%
Vs. Year Ago |
Up 31%
Vs. Year Ago |
Up 1.2%
Vs. Year Ago |
Down -24%
Vs. Year Ago |
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Months of Supply
In August, there was 1.1 months of supply available in Robious Corridor, compared to 1.4 in August 2024. That is a decrease of 24% 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 35 homes newly listed for sale in Robious Corridor compared to 40 in August 2024, a decrease of 13%. There were 42 current contracts pending sale this August compared to 32 a year ago. The number of current contracts is 31% higher than last August.
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Sale Price to List Price Ratio
In August, the average sale price in Robious Corridor was 101.6% of the average list price, which is 1.2% higher than at this time last year.
Days on Market
This month, the average number of days on market was 18, lower than the average last year, which was 33, a decrease of 45%.
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Robious Corridor are defined as properties listed in zip code/s 23113. |
*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. |