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| MARCH 2025 | |||
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| Units Sold 32 |
Active Inventory 54 |
Median Sale Price $492,000 |
Days On Market 27 |
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| Up Vs. Year Ago |
Up 23% Vs. Year Ago |
Up 5% Vs. Year Ago |
Down -7% Vs. Year Ago |
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Units Sold
With relatively few transactions, there was an increase in total units sold in March, with 32 sold this month in Powhatan County Real Estate. This month's total units sold was higher than at this time last year, an increase from March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 10 units or 23%. The total number of active inventory this March was 54 compared to 44 in March 2024. This month's total of 54 is lower than the previous month's total supply of available inventory of 63, a decrease of 14%. |
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Median Sale Price
Last March, the median sale price for Powhatan County Homes was $467,625. This March, the median sale price was $492,000, an increase of 5% or $24,375 compared to last year. The current median sold price is 6% 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. |
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| New Listings 40 |
Current Contracts 42 |
Sold Vs. List Price 100.3% |
Months of Supply 1.7 |
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| Down -5% Vs. Year Ago |
Down -2% Vs. Year Ago |
Up 1.3% Vs. Year Ago |
Up 8% Vs. Year Ago |
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Months of Supply
In March, there was 1.7 months of supply available in Powhatan County, compared to 1.6 in March 2024. That is an increase of 7% 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 40 homes newly listed for sale in Powhatan County compared to 42 in March 2024, a decrease of 5%. There were 42 current contracts pending sale this March compared to 43 a year ago. The number of current contracts is 2% lower than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Powhatan County was 100.3% of the average list price, which is 1.3% higher than at this time last year. Days on Market
This month, the average number of days on market was 27, lower than the average last year, which was 29, a decrease of 7%. | |||
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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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