Here’s a look at the real estate market for Henrico County and Chesterfield County for October 2018. Both counties are seeing a decrease in the number of sold listings. Let’s take a closer look at this month’s statistics for the real estate market in these counties.

📊 Chesterfield County Stats

Let’s look at some of the more prominent statistics from the Chesterfield County real estate market. There were 451 homes sold during the month of September. This number is down 21 percent from this time last year and shows a decrease from the 669 homes sold last month.

Chesterfield County’s median sale price for September was $260,000, which is an increase of 6 percent from the median sale price of $245,000 in September of 2017. Active inventory as we began October was at 1,404. This number shows a decrease of 26 percent from the 1,889 seen this same time in 2017 and is down 10 percent from last month.

💵 What does this mean for Chesterfield County buyers?

There were 627 new listings added to real estate inventory in Chesterfield County in September. This number is down from the 777 new listings last month and down 7 percent from the 671 new listings in September 2017. There were 507 pending sales recorded this month, which shows an increase of 16 percent when compared to this same month last year. We began October with a 3.1 months supply of real estate inventory. This number is slightly higher than last month but is still down 6 percent from this time last year. For a market to be considered balanced, there must be a 6 months supply. This time last year, Chesterfield County has a 3.3 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.

💰 What does this mean for Chesterfield County sellers?

Chesterfield County market trends are showing that sellers are typically receiving 99.9 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 27 days.

📈 Henrico County Stats

Let’s analyze some of the statistics and market trends for this month in Henrico County. There were 365 properties sold in the month of September. That’s a decrease from the 497 sold last month. When compared to last year’s numbers, we see a decrease of 9 percent.

Henrico County’s median sale price for September was $240,000. The comparison year-over-year shows that the price is up 4 percent from the $230,000 recorded in September of 2017. Active inventory as we ended the month of September was at 936. This number shows a decrease of 17 percent from the 1,134 seen in September of 2017. Active inventory is also down 1 percent when compared to last month’s number.

💲 What does this mean for Henrico County buyers?

There is currently a 2.6 months supply of real estate inventory. This number is down by 10 percent from the 2.8 months supply this time last year. There were 502 new listings in September, which is a decrease of 19 percent from last year’s 617. 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.

💰 What does this mean for Henrico County sellers?

Henrico County trends are showing that sellers are receiving 100.2 percent of their listing price. That percentage is 1.1 percent higher this year than in September of 2017. The average number of days a home is on the market is averaging 31. That’s a decrease of 6 percent from the 33 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.

🏡 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 $260,000 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 $240,000 or less.

Facebooktwittergoogle_plusredditpinterestlinkedinmailFacebooktwittergoogle_plusredditpinterestlinkedinmail
Summary
Chesterfield and Henrico Counties Market Report - October 2018
Article Name
Chesterfield and Henrico Counties Market Report - October 2018
Description
The median sale price for homes in Chesterfield County is $260,000. The median sale price for homes in Henrico County is $240,000. Learn more about real estate market trends in these counties.
Author
Publisher Name
The Wilson Group
Publisher Logo
View All Market Report Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.