VARINA, HIGHLAND SPRINGS, AND SOUTHERN HENRICO COUNTY HOUSING MARKET DATA

There was an increase in total units sold in March, with 63 sold this month in Varina, Highland Springs, and Southern Henrico County Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is higher by 6 units or 6%. The total number of active inventory this March was 113 compared to 107 in March 2024. This month's total of 113 is lower than the previous month's total supply of available inventory of 124, a decrease of 9%.

Last March, the median sale price for Varina, Highland Springs, and Southern Henrico County Homes was $300,000. This March, the median sale price was $330,000, an increase of 10% or $30,000 compared to last year. The current median sold price is 6% higher 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 1.8 months of supply available in Varina, Highland Springs, and Southern Henrico County, compared to 2.3 in March 2024. That is a decrease of 21% 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.

This month there were 90 homes newly listed for sale in Varina, Highland Springs, and Southern Henrico County compared to 74 in March 2024, an increase of 22%. There were 84 current contracts pending sale this March compared to 76 a year ago. The number of current contracts is 11% higher than last March.

In March, the average sale price in Varina, Highland Springs, and Southern Henrico County was 99.8% of the average list price, which is 0.8% higher than at this time last year.

This month, the average number of days on market was 30, lower than the average last year, which was 32, a decrease of 6%.





FOCUS ON: VARINA, HIGHLAND SPRINGS, AND SOUTHERN HENRICO COUNTY HOUSING MARKET			MARCH 2025

Zip Code(s): 23075, 23150 and 23231
Units Sold 63	Active Inventory 113	Median Sale Price $330,000	Days On Market 30

Up 34% Vs. Year Ago	Up 6% Vs. Year Ago	Up 10% Vs. Year Ago	Down -6% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 63 sold this month in Varina, Highland Springs, and Southern Henrico County 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 higher by 6 units or 6%. The total number of active inventory this March was 113 compared to 107 in March 2024. This month's total of 113 is lower than the previous month's total supply of available inventory of 124, a decrease of 9%.
		Median Sale Price Last March, the median sale price for Varina, Highland Springs, and Southern Henrico County Homes was $300,000. This March, the median sale price was $330,000, an increase of 10% or $30,000 compared to last year. The current median sold price is 6% higher 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 90	Current Contracts 84	Sold Vs. List Price 99.8%	Months of Supply 1.8

Up 22% Vs. Year Ago	Up 11% Vs. Year Ago	Up 0.8% Vs. Year Ago	Down -21% Vs. Year Ago


		Months of Supply In March, there was 1.8 months of supply available in Varina, Highland Springs, and Southern Henrico County, compared to 2.3 in March 2024. That is a decrease of 21% 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 90 homes newly listed for sale in Varina, Highland Springs, and Southern Henrico County compared to 74 in March 2024, an increase of 22%. There were 84 current contracts pending sale this March compared to 76 a year ago. The number of current contracts is 11% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Varina, Highland Springs, and Southern Henrico County was 99.8% of the average list price, which is 0.8% higher than at this time last year. Days on Market This month, the average number of days on market was 30, lower than the average last year, which was 32, a decrease of 6%.


	Varina, Highland Springs, and Southern Henrico County are defined as properties listed in zip code/s 23075, 23150 and 23231.
	*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.