The Long & Foster Market Minute

Focus On: Inwood and Bunker Hill Housing Market September 2021

Zip Code(s): 25428 and 25413
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 18%
Vs. Year Ago
Down -54%
Vs. Year Ago
Up 12%
Vs. Year Ago
Down -48%
Vs. Year Ago

Units Sold
There was an increase in total units sold in September, with 47 sold this month in Inwood and Bunker Hill Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 39 units or 54%. The total number of active inventory this September was 33 compared to 72 in September 2020. This month's total of 33 is lower than the previous month's total supply of available inventory of 38, a decrease of 13%.

Median Sale Price
Last September, the median sale price for Inwood and Bunker Hill Homes was $222,750. This September, the median sale price was $250,000, an increase of 12% or $27,250 compared to last year. The current median sold price is 5% lower than in August.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Down -16%
Vs. Year Ago
Down -9%
Vs. Year Ago
Up 1.4%
Vs. Year Ago
Down -61%
Vs. Year Ago

Months of Supply
In September, there was 0.7 months of supply available in Inwood and Bunker Hill, compared to 1.8 in September 2020. That is a decrease of 61% 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 48 homes newly listed for sale in Inwood and Bunker Hill compared to 57 in September 2020, a decrease of 16%. There were 49 current contracts pending sale this September compared to 54 a year ago. The number of current contracts is 9% lower than last September.

Sale Price to List Price Ratio
In September, the average sale price in Inwood and Bunker Hill was 100.6% of the average list price, which is 1.4% higher than at this time last year.

Days on Market
This month, the average number of days on market was 11, lower than the average last year, which was 21, a decrease of 48%.

The Long & Foster Market Minute Inwood and Bunker Hill are defined as properties listed in zip code/s 25428 and 25413.
*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.