Enjoy this Chesterfield and Henrico Counties Market Report for this month. You can also do a home search and save your favorite properties. Set up a search and be alerted as soon as a matching property hits our database. It’s Exclusive.
Housing Market Inventory
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.
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. 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.
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. Read More Here!
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. Read More Here!
Market Reports from 2018
|January 2018||February 2018|
Market Reports from 2017
|October 2017||November 2017|
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