STONEY BROOK ESTATES, CLIVEDEN, AND LEE HALL HOUSING MARKET DATA

There was an increase in total units sold in March, with 47 sold this month in Stoney Brook Estates, Cliveden, and Lee Hall Real Estate versus 43 last month, an increase of 9%. This month's total units sold was lower than at this time last year, a decrease of 15% versus March 2024.

Versus last year, the total number of homes available this month is lower by 11 units or 13%. The total number of active inventory this March was 75 compared to 86 in March 2024. This month's total of 75 is lower than the previous month's total supply of available inventory of 78, a decrease of 4%.

Last March, the median sale price for Stoney Brook Estates, Cliveden, and Lee Hall Homes was $319,900. This March, the median sale price was $280,000, a decrease of 12% or $39,900 compared to last year. The current median sold price is 10% lower 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 1.6 months of supply available in Stoney Brook Estates, Cliveden, and Lee Hall. 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 71 homes newly listed for sale in Stoney Brook Estates, Cliveden, and Lee Hall compared to 81 in March 2024, a decrease of 12%. There were 62 current contracts pending sale this March compared to 59 a year ago. The number of current contracts is 5% higher than last March.

In March, the average sale price in Stoney Brook Estates, Cliveden, and Lee Hall was 98.9% of the average list price, which is 1.4% lower than at this time last year.

This month, the average number of days on market was 35, lower than the average last year, which was 39, a decrease of 10%.





FOCUS ON: STONEY BROOK ESTATES, CLIVEDEN, AND LEE HALL HOUSING MARKET			MARCH 2025

Zip Code(s): 23608 and 23603
Units Sold 47	Active Inventory 75	Median Sale Price $280,000	Days On Market 35

Down -15% Vs. Year Ago	Down -13% Vs. Year Ago	Down -12% Vs. Year Ago	Down -10% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 47 sold this month in Stoney Brook Estates, Cliveden, and Lee Hall Real Estate versus 43 last month, an increase of 9%. This month's total units sold was lower than at this time last year, a decrease of 15% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 11 units or 13%. The total number of active inventory this March was 75 compared to 86 in March 2024. This month's total of 75 is lower than the previous month's total supply of available inventory of 78, a decrease of 4%.
		Median Sale Price Last March, the median sale price for Stoney Brook Estates, Cliveden, and Lee Hall Homes was $319,900. This March, the median sale price was $280,000, a decrease of 12% or $39,900 compared to last year. The current median sold price is 10% lower 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 71	Current Contracts 62	Sold Vs. List Price 98.9%	Months of Supply 1.6

Down -12% Vs. Year Ago	Up 5% Vs. Year Ago	Down -1.4% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In March, there was 1.6 months of supply available in Stoney Brook Estates, Cliveden, and Lee Hall. 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 71 homes newly listed for sale in Stoney Brook Estates, Cliveden, and Lee Hall compared to 81 in March 2024, a decrease of 12%. There were 62 current contracts pending sale this March compared to 59 a year ago. The number of current contracts is 5% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Stoney Brook Estates, Cliveden, and Lee Hall was 98.9% of the average list price, which is 1.4% lower than at this time last year. Days on Market This month, the average number of days on market was 35, lower than the average last year, which was 39, a decrease of 10%.


	Stoney Brook Estates, Cliveden, and Lee Hall are defined as properties listed in zip code/s 23608 and 23603.
	*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 REIN 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 REIN or Long & Foster Real Estate, Inc.