SPOTSYLVANIA COUNTY HOUSING MARKET DATA

There was an increase in total units sold in March, with 141 sold this month in Spotsylvania County Real Estate. This month's total units sold was lower than at this time last year.

Versus last year, the total number of homes available this month is higher by 6 units or 2%. The total number of active inventory this March was 316 compared to 310 in March 2024. This month's supply remained stable as compared to last month.

Last March, the median sale price for Spotsylvania County Homes was $449,572. This March, the median sale price was $474,200, an increase of 5% or $24,628 compared to last year. The current median sold price is 4% 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.

In March, there was 2.2 months of supply available in Spotsylvania County. The amount of supply is similar compared to 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 228 homes newly listed for sale in Spotsylvania County compared to 230 in March 2024, a decrease of 1%. There were 173 current contracts pending sale this March compared to 177 a year ago. The number of current contracts is 2% lower than last March.

In March, the average sale price in Spotsylvania County was 99.3% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 30, higher than the average last year, which was 27, an increase of 11%.





FOCUS ON: SPOTSYLVANIA COUNTY HOUSING MARKET			MARCH 2025

Units Sold 141	Active Inventory 316	Median Sale Price $474,200	Days On Market 30

Down -2% Vs. Year Ago	Up 2% Vs. Year Ago	Up 5% Vs. Year Ago	Up 11% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 141 sold this month in Spotsylvania County Real Estate. This month's total units sold was lower 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 2%. The total number of active inventory this March was 316 compared to 310 in March 2024. This month's supply remained stable as compared to last month.
		Median Sale Price Last March, the median sale price for Spotsylvania County Homes was $449,572. This March, the median sale price was $474,200, an increase of 5% or $24,628 compared to last year. The current median sold price is 4% 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.



New Listings 228	Current Contracts 173	Sold Vs. List Price 99.3%	Months of Supply 2.2

Down -1% Vs. Year Ago	Down -2% Vs. Year Ago	No Change Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In March, there was 2.2 months of supply available in Spotsylvania County. The amount of supply is similar compared to 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 228 homes newly listed for sale in Spotsylvania County compared to 230 in March 2024, a decrease of 1%. There were 173 current contracts pending sale this March compared to 177 a year ago. The number of current contracts is 2% lower than last March.
		Sale Price to List Price Ratio In March, the average sale price in Spotsylvania County was 99.3% 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 30, higher than the average last year, which was 27, an increase of 11%.



	*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.