WESTOVER HILLS HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in March, with 31 sold this month in Westover Hills Real Estate. This month's total units sold was lower than at this time last year, a decrease from March 2024.

The total number of homes available this month is 47 units, which is similar compared to a year ago. This month's total of 47 is lower than the previous month's total supply of available inventory of 57, a decrease of 18%.

Last March, the median sale price for Westover Hills Homes was $399,000. This March, the median sale price was $409,000, an increase of 3% or $10,000 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 1.5 months of supply available in Westover Hills. 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 53 homes newly listed for sale in Westover Hills compared to 49 in March 2024, an increase of 8%. There were 56 current contracts pending sale this March compared to 38 a year ago. The number of current contracts is 47% higher than last March.

In March, the average sale price in Westover Hills was 102.0% of the average list price, which is lower than at this time last year.

This month, the average number of days on market was 24, higher than the average last year, which was 14. This increase was impacted by the limited number of sales.





FOCUS ON: WESTOVER HILLS HOUSING MARKET			MARCH 2025

Zip Code(s): 23225
Units Sold 31	Active Inventory 47	Median Sale Price $409,000	Days On Market 24

Down Vs. Year Ago	No Change Vs. Year Ago	Up 3% Vs. Year Ago	Up Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in March, with 31 sold this month in Westover Hills Real Estate. This month's total units sold was lower than at this time last year, a decrease from March 2024.
Active Inventory The total number of homes available this month is 47 units, which is similar compared to a year ago. This month's total of 47 is lower than the previous month's total supply of available inventory of 57, a decrease of 18%.
		Median Sale Price Last March, the median sale price for Westover Hills Homes was $399,000. This March, the median sale price was $409,000, an increase of 3% or $10,000 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 53	Current Contracts 56	Sold Vs. List Price 102.0%	Months of Supply 1.5

Up 8% Vs. Year Ago	Up 47% Vs. Year Ago	Down Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In March, there was 1.5 months of supply available in Westover Hills. 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 53 homes newly listed for sale in Westover Hills compared to 49 in March 2024, an increase of 8%. There were 56 current contracts pending sale this March compared to 38 a year ago. The number of current contracts is 47% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Westover Hills was 102.0% of the average list price, which is lower than at this time last year. Days on Market This month, the average number of days on market was 24, higher than the average last year, which was 14. This increase was impacted by the limited number of sales.


	Westover Hills are defined as properties listed in zip code/s 23225.
	*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 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.