Welcome to this month’s ChesterfieldΒ andΒ Henrico Counties real estate market report. Are you wondering how the Covid-19 pandemic has effected real estate sales in the Chesterfield and Henrico County markets? This report will get you up to date with the latest statistics.

Homes are still being bought and sold in Chesterfield and Henrico Counties!

If you are thinking of buying a home you can safely search and tour properties from your home. Use our search tool to find properties by price, size, or location, then, save your searches and sign up to be notified as soon as matching properties become available. Then give us a call todayΒ and we can answer all your home buying questions.

Do you need to sell your home and are wondering what it might worth? We provide a free home valuation tool for sellers. Simply answer a few questions and we will provide you with an estimate of what your home might sell for? Once you have your valuation we will sit down with you and show you how we market and sell homes to get you the most money. Give us a call today!

πŸ“Š Chesterfield County Housing Stats

At the end of April, the average sales price for single-family homes in Chesterfield County was $301,123, this is up from $292,224 one year ago. The average list price for homes during April was $299,687, up from $293,491 the previous April.

There were 538 units sold during the month of April, only two less than the 540 sold 12 months ago. Of the units sold during the month of April, 485 of the homes sold were detached units, and 53 were attached units.

There were 675 new listings for the month, down 20.1% from the March number of 845, and well below the average of 870 one year ago. Listing activity was slowed by the Covid-19 pandemic.

Pending sales during April slowed as well. There were 598 new contracts, down from the 744 during March, and also down 20.1% from 748 during this time last year.

Homes in Chesterfield stayed on the market for an average of 28 days before being sold, and sellers were getting 100.0% of their asking price.

🏘 Chesterfield Detached Housing Statistics

During the month of April, the average sale price for detached homes in Chesterfield County was $306,025, a year to year increase of 2.95% from $297,258. There was only a slight decrease in the number of detached units sold, 485 last month, down from 488 one year ago.

There was a total of five two-bedroom or fewer homes sold during the month of April, a decrease from 11 one year ago. The average sale price for two-bedroom homes was $185,100, an increase of 15.49% from $160,277 the previous April.

There was an increase in year to year average sale price for three-bedroom detached homes in Chesterfield County, up from $226,235 the previous April to $240,553 at the end of April 2020.

The four-bedroom or more detached home market was the most active market in Chesterfield County during April 2020. A total of 298 four-bedroom or more detached homes sold, an increase from 292 the previous April. Sales prices increased only slightly as well, up year to year from $347,415 to $348,041.

🏘 Chesterfield Attached Housing Statistics

In Chesterfield County, the average sale price for attached homes ended April 2020 at $256,263, up from $244,986 one year ago. There were 53 attached units sold last month, an increase of only one from the previous April.

During the month of April, two-bedroom or fewer homes in Chesterfield County sold for an average price of $215,428, from a total of five homes sold. The previous April the average sale price was $223,252, off of seven homes sold, which a 3.81% decrease from one year ago.

Turning to three-bedroom attached homes, the average sales price was $238,268, off of 22 homes sold. The average for April is down from $248,359, off of 22 homes sold one year ago,

In Chesterfield County, the four-bedroom or more attached home market had six total sales for April, for an average sales price of $225,082. Sales prices for four-bedroom or more attached homes increased 9.85% year to year from $204,900 the previous April.

Chesterfield County Condo Stats

Condo sales prices have increased over the last 12 months, up from $250,127 at the end of April 2019 to $295,619 ending April 2020. There was a decrease in total sales compared to the previous April, up from 20 to 22.

πŸ“Š Henrico County Housing Stats

In Henrico County at the end of April, the average sales price for homes was $320,126, up from $302,154 one year ago. The average list price for homes during this time was $318,135, up from $302,919 the previous April.

A total of 395 sales were closed in Henrico County in April, this up from the month of March from 389 closings, but down compared to 419 one year ago.

There were 437 homes that went under contract during April 2020, the Covid-19 pandemic slowing sales down from 510 during March, and down from 559 the previous April,

New listing activity slowed down as well, only 487 new listings hit the market in April, compared to 557 during March, and 589 one year ago.

The average number of days on the market before a home was sold in Henrico County was 23 days, and sellers were getting 100.8% of their asking price.

🏘 Henrico County Detached Homes Statistics

The average sales price for detached homes in Henrico County ended the month of April at $329,715 this is a year to year increase from $312,338 one year ago. There were a total of 297 detached homes sold, down from 310 the previous April.

There were fewer two-bedroom homes sold this April than the previous April. A total of 6 detached two-bedroom homes were sold last month, down from 13 this time last year. The average sale price was $157,150, also a year to year decrease from $172,773.

A total of 147 three-bedroom detached homes were sold in Henrico County during April 2020, up from 130 one year ago. Detached three-bedroom homes sold for an average price of $258,986, an increase of 12.79% from $228,732 the previous April.

There were 144 four-bedroom or more detached homes sold during April in Henrico County, a slowdown from 167 one year ago. The average sale price increased for four-bedroom or more detached homes as well, up 5.63% from $388,285 one year ago to $410,128 at the end of April 2020.

🏘 Henrico County Attached Home Statistics

In Henrico County during the month of April 2020 the average sale price for attached homes was $291,067, an increase of 6.54% from $273,190, one year ago. A total of 98 attached units were sold, a decrease of 10.09% from 109 sold during April 2019.

Only eight two-bedroom attached homes were sold during April in Henrico County, down from 14 one year ago. The average selling price for two-bedroom homes was $186,063, down significantly from $236,905 the previous April.

A total of 48 three-bedroom attached homes were sold in April, down from 42 one year ago. The average sale price of a three-bedroom attached home in Henrico County was $269,326, up 8.98%, from $247,138 at this time last year.

The four-bedroom attached home market in Henrico County accounted for only 4 sales for the month of April, down from 8 one year ago. The average sale price for four-bedroom or more attached homes increased quite a bit, up to $601,674 from the $344,249 average the previous April.

Henrico County Condo Stats

Condo sales dropped from year to year, down from 45 during April 2019 to 38 in April 2020. The average sale price for condos increased by 3.98% from the previous April average of $296,162 to $307,939 at the end of April 2020.

πŸ—ž What Does This Mean For Buyers in Chesterfield and Henrico Counties?

For buyers, looking for a home in Β ChesterfieldΒ andΒ Henrico Counties can expect to see less inventory and increasing prices. Due to the Corona-19 guidelines in place, virtual showings are becoming increasingly popular. Buyers can feel safe knowing that realtors are doing their part to keep everyone safe and follow the latest guidelines set by the CDC.

If low-interest rates continue, and buyers have locked in financing, there may be motivated sellers who may accept less than asking price for their homes. However as the spring buying season picks up, expect competition in high demand price areas. Give us a call today and we can get started on helping you find the perfect home!

 

house with money signs and magnifying glass

πŸ’Έ What Does This Mean for Sellers in Chesterfield and Henrico Counties?

Sellers can expect to see a slowdown in activity for a short time as restrictions begin easing, and people go back to work. Buyers who may have been starting their home search may choose to wait until things become normal again.

There is still demand for homes, and sellers can expect to see serious buyers. Prices may be increasing in some price points, and sellers are getting very close to their asking price for their homes.

To get started on getting your home listed and marketed to the most qualified buyers, give us a call today.

🏑 Chesterfield County Homes for Sale

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 $301,123 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 $320,126 or less.


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