SOUTH GLEN ALLEN HOUSING MARKET DATA

There was an increase in total units sold in May, with 61 sold this month in South Glen Allen Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is higher by 6 units or 8%. The total number of active inventory this May was 81 compared to 75 in May 2024. This month's total of 81 is higher than the previous month's total supply of available inventory of 72, an increase of 13%.

Last May, the median sale price for South Glen Allen Homes was $436,250. This May, the median sale price was $450,000, an increase of 3% or $13,750 compared to last year. The current median sold price is 9% lower 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.

In May, there was 1.3 months of supply available in South Glen Allen, compared to 2.2 in May 2024. That is a decrease of 40% 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.

This month there were 72 homes newly listed for sale in South Glen Allen compared to 66 in May 2024, an increase of 9%. There were 56 current contracts pending sale this May compared to 42 a year ago. The number of current contracts remained stable as compared to last May.

In May, the average sale price in South Glen Allen was 102.1% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 19, higher than the average last year, which was 15, an increase of 27%.





FOCUS ON: SOUTH GLEN ALLEN HOUSING MARKET			MAY 2025

Zip Code(s): 23060
Units Sold 61	Active Inventory 81	Median Sale Price $450,000	Days On Market 19

Up Vs. Year Ago	Up 8% Vs. Year Ago	Up 3% Vs. Year Ago	Up 27% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 61 sold this month in South Glen Allen Real Estate. This month's total units sold was higher than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is higher by 6 units or 8%. The total number of active inventory this May was 81 compared to 75 in May 2024. This month's total of 81 is higher than the previous month's total supply of available inventory of 72, an increase of 13%.
		Median Sale Price Last May, the median sale price for South Glen Allen Homes was $436,250. This May, the median sale price was $450,000, an increase of 3% or $13,750 compared to last year. The current median sold price is 9% lower 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.



New Listings 72	Current Contracts 56	Sold Vs. List Price 102.1%	Months of Supply 1.3

Up 9% Vs. Year Ago	Up 33% Vs. Year Ago	No Change Vs. Year Ago	Down -40% Vs. Year Ago


		Months of Supply In May, there was 1.3 months of supply available in South Glen Allen, compared to 2.2 in May 2024. That is a decrease of 40% 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.
New Listings & Current Contracts This month there were 72 homes newly listed for sale in South Glen Allen compared to 66 in May 2024, an increase of 9%. There were 56 current contracts pending sale this May compared to 42 a year ago. The number of current contracts remained stable as compared to last May.
		Sale Price to List Price Ratio In May, the average sale price in South Glen Allen was 102.1% 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 19, higher than the average last year, which was 15, an increase of 27%.


	South Glen Allen are defined as properties listed in zip code/s 23060.
	*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.