The Long & Foster Market Minute

FOCUS ON: WARREN COUNTY HOUSING MARKET APRIL 2025

Units Sold
43
Active Inventory
127
Median Sale Price
$355,000
Days On Market
32
Down -25%
Vs. Year Ago
Up 5%
Vs. Year Ago
Down -4%
Vs. Year Ago
Up 100%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 43 sold this month in Warren County Real Estate versus 40 last month, an increase of 8%. This month's total units sold was lower than at this time last year, a decrease of 25% versus April 2024.

Active Inventory
Versus last year, the total number of homes available this month is higher by 6 units or 5%. The total number of active inventory this April was 127 compared to 121 in April 2024. This month's total of 127 is higher than the previous month's total supply of available inventory of 126, an increase of 1%.

Median Sale Price
Last April, the median sale price for Warren County Homes was $370,000. This April, the median sale price was $355,000, a decrease of 4% or $15,000 compared to last year. The current median sold price is 15% 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.


New Listings
84
Current Contracts
64
Sold Vs. List Price
99.4%
Months of Supply
3.0
Up 12%
Vs. Year Ago
Up 7%
Vs. Year Ago
No Change
Vs. Year Ago
Up 39%
Vs. Year Ago

Months of Supply
In April, there was 3.0 months of supply available in Warren County, compared to 2.1 in April 2024. That is an increase of 39% 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.

New Listings & Current Contracts
This month there were 84 homes newly listed for sale in Warren County compared to 75 in April 2024, an increase of 12%. There were 64 current contracts pending sale this April compared to 60 a year ago. The number of current contracts is 7% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Warren County was 99.4% 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 16, an increase of 100%.

The Long & Foster Market Minute
*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 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.