The Long & Foster Market Minute

FOCUS ON: WYNDHAM HOUSING MARKET APRIL 2025

Zip Code(s): 23059
Units Sold
37
Active Inventory
104
Median Sale Price
$564,140
Days On Market
36
Down -23%
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -9%
Vs. Year Ago
Up 38%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in April, with 37 sold this month in Wyndham Real Estate versus 49 last month, a decrease of 24%. This month's total units sold was lower than at this time last year, a decrease of 23% versus April 2024.

Active Inventory
Versus last year, the total number of homes available this month is lower by 1 units or 1%. The total number of active inventory this April was 104 compared to 105 in April 2024. This month's total of 104 is higher than the previous month's total supply of available inventory of 93, an increase of 12%.

Median Sale Price
Last April, the median sale price for Wyndham Homes was $619,270. This April, the median sale price was $564,140, a decrease of 9% or $55,130 compared to last year. The current median sold price is 8% higher 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
55
Sold Vs. List Price
100.4%
Months of Supply
2.8
Up 1%
Vs. Year Ago
Down -2%
Vs. Year Ago
Down -2.3%
Vs. Year Ago
Up 28%
Vs. Year Ago

Months of Supply
In April, there was 2.8 months of supply available in Wyndham, compared to 2.2 in April 2024. That is an increase of 28% 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 Wyndham compared to 83 in April 2024, an increase of 1%. There were 55 current contracts pending sale this April compared to 56 a year ago. The number of current contracts is 2% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Wyndham was 100.4% of the average list price, which is 2.4% lower than at this time last year.

Days on Market
This month, the average number of days on market was 36, higher than the average last year, which was 26, an increase of 38%.

The Long & Foster Market Minute Wyndham are defined as properties listed in zip code/s 23059.
*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.