Let’s open the door and take a tour of the Real Estate Market for Chesterfield and Henrico Counties. Each county saw a decline in overall inventory, and prices holding steady from the previous year.

📊 Chesterfield County Stats

There were 435 homes sold in Chesterfield County during the month of December 2018. Sale prices averaged $282,504 and spent an average of 37 days on the market. Average list price to sale price was 98.7%

The month ending December 2018 saw 358 new listings come to market and 386 listings went under contract. These numbers are down slightly from the previous year.

There is currently a two months supply of real estate available in Chesterfield County.

🏘 Chesterfield Attached, Detached &, Condo Sales

In Chesterfield County, there were 56 attached units sold for the month of December 2018 with an average sale price of $248,828, up 5.21% from December 2017.

379 detached units in Chesterfield County sold for an average of $287,480, down 0.24% percent from December 2017.

A total of 13 condos sold for an average sale price of $280,077, up 39.24% from the previous year.

💵 What does this mean for Chesterfield County buyers?

Buyers looking for homes in Chesterfield County can expect to see inventory coming on the market, but going under contract quickly. The winter months are a favorable time to search for homes as there is less competition among buyers looking for homes.

Days on market are higher in the winter months compared to summer months. Winter months, November – February see properties average 25 days on the market while summer months May-August average less than 15 days on the market.

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.

💰What does this mean for Chesterfield County sellers?

For Chesterfield County, sellers’ houses that are priced correctly average less than 20 days on the market. Sellers are benefiting from high demand and are seeing their home sell for 98.7% of listing price.

Sellers must make sure their home is priced correctly and that they are working with their realtor to have a marketing plan in place.

📊 Henrico County Stats

In Henrico County, there were 382 properties sold in the month of December 2018. The average sale price of $301,949 is a slight increase of 0.42% from the previous year. The average days on market for homes is 35 days, a decrease from the 43 average days on the market in December 2017.

🏘 Henrico County Attached, Detached and, Condo Sales

Attached units average sale price is $311,162, an increase of 3.01% from December 2017. Detached units sold for an average of $298,175, a slight decrease of 0.66% from the previous year.

Henrico County had 30 condo sales for an average sale price of $218,471, down 22.34% from the previous year.

💵 What does this mean for Henrico County home buyers?

For buyers looking to buy in the Henrico County area, there is only 1.5 months supply of inventory on the market. There are 596 active listings on the market, up 9.16% from the previous year, as well as 276 pending sales for the month of December 2018.

Buyers face a highly competitive market with shrinking inventory. Make sure you are signed up for the alerts and notifications of new properties coming to market in your price range.

Getting the latest alerts give you a competitive advantage over other buyers looking for homes. Work with your realtor to make sure you have an attractive offer in place as sellers have been getting almost full asking price for their home.

💰What does this mean for Henrico County home sellers?

It is a good time to sell if you are thinking of selling your home in Henrico County. Sellers average 98.7% of their asking price.

Sellers are also at an advantage as the average days on the market for homes was less than 20 days for the month of December. While the winter season is less active than summer time, sellers, especially in the $200-300,000 price range, can expect high demand for their property.

Pricing your home correctly and working with your realtor to create an effective marketing plan will make sure your home beats the averages. Find out what your home is worth by using our 15-second home value calculator or call us to speak to an agent to get your home listed.

🏡 Chesterfield County Homes for Sale

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 $287,000 or less.

🏡 Henrico County Homes for Sale

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 $298,000 or less.

View All Market Report Posts

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