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| MAY 2025 | |||
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| Units Sold 58 |
Active Inventory 134 |
Median Sale Price $402,500 |
Days On Market 32 |
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| Down -6% Vs. Year Ago |
Up 1% Vs. Year Ago |
Up 6% Vs. Year Ago |
Up 14% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 58 sold this month in Warren County Real Estate versus 44 last month, an increase of 32%. This month's total units sold was lower than at this time last year, a decrease of 6% versus May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 1 units or 1%. The total number of active inventory this May was 134 compared to 133 in May 2024. This month's total of 134 is lower than the previous month's total supply of available inventory of 150, a decrease of 11%. |
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Median Sale Price
Last May, the median sale price for Warren County Homes was $380,000. This May, the median sale price was $402,500, an increase of 6% or $22,500 compared to last year. The current median sold price is 13% higher 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. |
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| New Listings 73 |
Current Contracts 70 |
Sold Vs. List Price 100.3% |
Months of Supply 2.3 |
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| Down -22% Vs. Year Ago |
Up 9% Vs. Year Ago |
No Change Vs. Year Ago |
Up 7% Vs. Year Ago |
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Months of Supply
In May, there was 2.3 months of supply available in Warren County, compared to 2.1 in May 2024. That is an increase of 8% 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 73 homes newly listed for sale in Warren County compared to 93 in May 2024, a decrease of 22%. There were 70 current contracts pending sale this May compared to 64 a year ago. The number of current contracts is 9% higher than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Warren County was 100.3% 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 32, higher than the average last year, which was 28, an increase of 14%. | |||
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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 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. |
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