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| APRIL 2025 | |||
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| Units Sold 171 |
Active Inventory 408 |
Median Sale Price $400,000 |
Days On Market 35 |
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| Up 13% Vs. Year Ago |
Down -14% Vs. Year Ago |
Down -1% Vs. Year Ago |
Up 21% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in April, with 171 sold this month in Suffolk City Real Estate. This month's total units sold was higher than at this time last year. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 68 units or 14%. The total number of active inventory this April was 408 compared to 476 in April 2024. This month's total of 408 is lower than the previous month's total supply of available inventory of 454, a decrease of 10%. |
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Median Sale Price
Last April, the median sale price for Suffolk City Homes was $402,708. This April, the median sale price was $400,000, a decrease of 1% or $2,708 compared to last year. The current median sold price is 5% lower than in March. 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 278 |
Current Contracts 237 |
Sold Vs. List Price 99.8% |
Months of Supply 2.4 |
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| Down -9% Vs. Year Ago |
Up 17% Vs. Year Ago |
No Change Vs. Year Ago |
Down -24% Vs. Year Ago |
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Months of Supply
In April, there was 2.4 months of supply available in Suffolk City, compared to 3.1 in April 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 278 homes newly listed for sale in Suffolk City compared to 304 in April 2024, a decrease of 9%. There were 237 current contracts pending sale this April compared to 202 a year ago. The number of current contracts is 17% higher than last April. |
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Sale Price to List Price Ratio
In April, the average sale price in Suffolk City was 99.8% 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 35, higher than the average last year, which was 29, an increase of 21%. | |||
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| *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. |
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