With the arrival of spring, the Chesterfield and Henrico Counties real estate market is beginning to pick up steam as we move into the warmer months. There have been several changes over the last month that buyers and sellers both need to be aware of to capitalize on their real estate ventures.

πŸ“Š Chesterfield County Stats

Let’s look at some of the more prominent statistics from the Chesterfield County real estate market. There was an overall increase of units sold last month in Chesterfield County, with 352 sold in February as opposed to 320 that were sold in January. This marks a 10 percent increase. Chesterfield County’s median sale price for February was $255,000, which is an increase of 6 percent from the median sale price of $240,000 in February of 2017. Active inventory, however, has decreased slightly by 5 percent.

πŸ’΅ What does this mean for Chesterfield County buyers?

Currently, the average number of days on market for a home in Chesterfield County has decreased to 45 days. This marks a 21 percent decrease since last year. These trends, in addition to the ones that were just discussed, indicate that houses are selling quickly. With that being said, it is safe to conclude that buyers need to act quickly to ensure that they don’t miss out on any opportunities to snag their ideal home.

πŸ’° What does this mean for Chesterfield County sellers?

Chesterfield County market trends are currently on the upswing with respects to units sold and sale price. The average number of days on the market for a home in Chesterfield County is 45 days. This data is great news for those looking to sell a home in Chesterfield County. This would indicate that buyers are ready and willing to spend on a home. In short, there is no better time than now to sell your home while capitalizing on the optimal market environment.

πŸ“ˆ Henrico County Stats

Let’s dive in and analyze some of the statistics and market trends for this month in Henrico County. There was an increase in total units sold, with 278 sold in February Henrico County versus 268 sold in January. This marks an increase of 4 percent. Henrico County’s median sale price for February was $220,000, which is 4 percent lower than the $228,000 median sale price this time last year. Meanwhile, active inventory is on the downswing, with a decrease of 21 percent from last month. The average number of days on the market has decreased to 42, which is a 21 percent difference from this time last year.

πŸ’² What does this mean for Henrico County buyers?

Market trends currently show that median sale price has remained stable and the average number of days on the market has decreased in Henrico County. These trends indicate that homes are going quickly at great prices. It’s a good idea to move quickly once you decide on a home that fits your needs.

πŸ’° What does this mean for Henrico County sellers?

Spring is here and the market is showing improvement. With the average number of days on the market decreasing 21 percent, this indicates that consumers are ready and more than willing to buy homes. Now is an excellent time to sell your home quickly and at a great price.

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’s the most recent home listings just added to the database in the average price range for

Chesterfield County – all homes here are priced at $255,000, or less

Henrico County – all homes here are priced at $220,000 or less

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