Chesterfield and Henrico Counties Market Report – July 2019

Here’s a look at the real estate market for Henrico County and Chesterfield County for July 2018. Chesterfield County is seeing sales increase over the last three months. Henrico County is noticing a decrease in the median sale price. Let’s take a closer look at this month’s statistics for the real estate market in these counties.

Let’s look at some of the more prominent statistics from the Chesterfield County real estate market. There were 710 homes sold during the month of June. This number is down 4 percent from this time last year, but it shows an increase from the 618 homes sold last month.

Chesterfield County’s median sale price for June was $262,000, which is an increase of 1 percent from the median sale price of $260,560 in June of 2017. Active inventory as we began July was at 1,312. This number shows a decrease of 16 percent from the 1,569 seen in June of 2017.

There were 820 homes added to the market as new listings for the month of June. This number shows a decrease of 10 percent from the 916 this time last year. However, the number of pending sales is up 15 percent from last year. We ended June with a 1.8 months supply of real estate inventory. The market is considered balanced with a 6 months supply. This time last year, Chesterfield County had a 2.1 months supply.

Want to get a notice when new homes hit the market? Create a search that notes exactly what you’re looking for in a home. You’ll receive notices that let you know it’s time to take a closer look when new listings are posted. This knowledge could prove to be an advantage you need over other buyers in this area.

There’s good news for sellers! Chesterfield County market trends are showing that sellers are typically receiving 99.8 percent of their listing price. If you’re thinking it’s time to sell your Chesterfield County Home, take a look at how much your home is worth. This will give you a general idea of your home’s value as you begin considering the listing price. Give us a call to get a comprehensive report that considers other factors such as market trends, other homes being sold in the area, and any upgrades made to your property. The average days on the market for this area is currently 28 days. Homes are selling faster than this time last year when the average was 37 days.

Let’s analyze some of the statistics and market trends for this month in Henrico County. There were 578 properties sold in the month of June. That’s an increase from the 470 sold last month. When compared to last year’s numbers, we see a decrease of 2 percent.

Henrico County’s median sale price for June was $270,000, which is an increase of 13 percent from the median sale price of $240,000 in June of 2017. Active inventory as we ended the month of June was at 836. This number shows a decrease of 15 percent from the 987 seen in June of 2017. However, it does show a decrease of 8 percent from last month.

There is currently a 1.4 months supply of real estate inventory. This number is down 14 percent from the 1.7 month supply we recorded this time last year. There were 597 new listings in June, which is a drop of 8 percent from last year’s 648. It’s a good idea to sign up for access to the latest homes to hit the market. Getting an email alert when a new home is on the market saves you time and gives you an advantage over those relying on traditional methods of searching for a home.

Henrico County trends are showing that sellers are receiving 100.5 percent of their listing price. That percentage is 1.1 percent higher this year than in June of 2017. The average number of days a home is on the market is averaging 21. That’s a decrease of 28 percent from the 29 days recorded last year at this time. If you’re ready to put your home on the market, you’ll want to contact an amazing real estate agent to help create a successful marketing plan. We can help you set the right asking price that gets the attention of potential buyers.

Wondering what your home might be worth? Find out instantly with our 15-second home value calculator.

See Additional Reports on the Chesterfield and Henrico Counties Market Report

Here are the most recent home listings just added to the database in the median sale price range for Chesterfield County – all homes here are priced at $262,000 or less.

Here are the most recent home listings just added to the database in the median sale price range for Henrico County – all homes here are priced at $270,000 or less.