The Long & Foster Market Minute

Focus On: Tuckahoe Housing Market October 2021

Zip Code(s): 23229
Units Sold
43
Active Inventory
38
Median Sale Price
$367,250
Days On Market
14
Down -14%
Vs. Year Ago
Down -10%
Vs. Year Ago
No Change
Vs. Year Ago
Up 8%
Vs. Year Ago

Units Sold
There was an increase in total units sold in October, with 43 sold this month in Tuckahoe Real Estate versus 42 last month, an increase of 2%. This month's total units sold was lower than at this time last year, a decrease of 14% versus October 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 4 units or 10%. The total number of active inventory this October was 38 compared to 42 in October 2020. This month's total of 38 is lower than the previous month's total supply of available inventory of 39, a decrease of 3%.

Median Sale Price
Last October, the median sale price for Tuckahoe Homes was $366,750. This October, the median sale price was $367,250, which is similar compared to a year ago. The current median sold price is 8% higher than in September.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
39
Current Contracts
37
Sold Vs. List Price
103.4%
Months of Supply
0.9
Down -24%
Vs. Year Ago
Down -24%
Vs. Year Ago
Up 1.5%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In October, there was 0.9 months of supply available in Tuckahoe. 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 39 homes newly listed for sale in Tuckahoe compared to 51 in October 2020, a decrease of 24%. There were 37 current contracts pending sale this October compared to 49 a year ago. The number of current contracts is 24% lower than last October.

Sale Price to List Price Ratio
In October, the average sale price in Tuckahoe was 103.4% of the average list price, which is 1.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 14, higher than the average last year, which was 13, an increase of 8%.

The Long & Foster Market Minute Tuckahoe are defined as properties listed in zip code/s 23229.
*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.
REALTOR, Equal Opportunity HousingInformation 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.