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| JULY 2025 | |||
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| Units Sold 412 |
Active Inventory 694 |
Median Sale Price $418,750 |
Days On Market 22 |
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| Up 14% Vs. Year Ago |
Up 21% Vs. Year Ago |
Up 1% Vs. Year Ago |
Up 16% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in July, with 412 sold this month in Henrico County Real Estate versus 449 last month, a decrease of 8%. This month's total units sold was higher than at this time last year, an increase of 14% versus July 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 122 units or 21%. The total number of active inventory this July was 694 compared to 572 in July 2024. This month's total of 694 is higher than the previous month's total supply of available inventory of 686, an increase of 1%. |
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Median Sale Price
Last July, the median sale price for Henrico County Homes was $415,000. This July, the median sale price was $418,750, an increase of 1% or $3,750 compared to last year. The current median sold price is 1% higher than in June. 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 496 |
Current Contracts 384 |
Sold Vs. List Price 101.0% |
Months of Supply 1.7 |
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| Up 20% Vs. Year Ago |
Up 17% Vs. Year Ago |
Down -0.7% Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In July, there was 1.7 months of supply available in Henrico County. 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. |
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New Listings & Current Contracts
This month there were 496 homes newly listed for sale in Henrico County compared to 415 in July 2024, an increase of 20%. There were 384 current contracts pending sale this July compared to 328 a year ago. The number of current contracts is 17% higher than last July. |
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Sale Price to List Price Ratio
In July, the average sale price in Henrico County was 101.0% of the average list price, which is 0.7% lower than at this time last year. Days on Market
This month, the average number of days on market was 22, higher than the average last year, which was 19, an increase of 16%. | |||
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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 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. |
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