🏠 Chesterfield & Henrico Counties Market Report August 2019

Welcome to this month’s Chesterfield and Henrico Counties real estate market report. The Wilson Group is “All About The Experience!” Whether this is your first home purchase, your second, or you are a seasoned property manager, we provide the experience to help you realize your goals.

Are you considering buying a home? If so, use our search tool to find homes in your price range. Save your searches, and be sure to sign up for alerts to be notified as soon as properties become available.

Sellers can utilize our free home valuation tool to get an idea of your home’s worth. Then give us a call and we show you how we list and sell your home quickly and net you the most amount of money.

Going into September 2019, the average sale price for homes in Chesterfield County, Virginia, was $309,377; this is up from $291,080 one year ago.

There were 678 homes sold during August 2019, up from 659 during August 2018. Homes averaged 30 days on the market before being sold, and the average sale price to list price ratio was 99.2%.

Detached home sale prices ended August 2019 at $315,977, up from $294,935 one year ago, 613 detached homes sold, an increase of 1.16% year to year.

Chesterfield County had 718 new listings on the market during August, ending the summer buying season down 5.7% compared to this time last year.

Pending sales for August were up 10.8% from 563 to 624 from August of last year, closed sales also ended the month 2.9% higher from 659 to 678.

There were a total of 1,238 active listings available in Chesterfield County ending August 2019. Homes were on the market an average of 30 days before being sold, and the sold to list price ratio average 99.2%.

Home Buying In Chesterfield

There were a total of 3 two-bedroom or less detached homes sold in Chesterfield County for an average sale price of $182,333, this is higher than that average of $145,113 during August 2018.

There 392 four-bedroom or more homes sold in Chesterfield County for an average sale price of $362,681.

The August 2019 sales average was 4.26% higher than the August 2018 average sale price of $347,878.

How Much Will Buying a Home in Chesterfield Cost?

There were a total of eight attached homes sold during August 2019, for an average sales price of $230,823, an increase from $194,429 one year ago.

There were seven four-bedroom or more homes sold during August 2019 for an average sale price of $230,510, a decrease of 3.35% from $238,500 in August 2018.

There were a total of 23 condos sold during August 2019 for an average sales price of $247,216.

The condo sales average was lower than the August 2018 average of $275,003.

Browse for Condos for Sale In Chesterfield

The average sale price for homes in Henrico County, Virginia, during August 2019 was $310,322, down 2.29% when compared to the August 2018 average of $317,588.

There were 489 home sales in Henrico County in August 2019; this is down 9.4% compared to last month, and down 0.8% compared to August 2018.

Homes were on the market for an average of 27 days before being sold, and the sold to list price ratio increased slightly month to month to 99.4%.

Questions to Ask When Buying a Home

There was a total of 16 two-bedroom detached homes sold during August 2019 for an average sale price of $154,868. Two-bedroom detached home sales prices are up 21.10% from $127,889 compared to a year ago.

In Henrico County during August 2019 there were 198 detached four-bedroom or more homes sold for an average sales price of $382,459, this is down 10.96% from $429,544 during August 2018.

What Credit Score is Needed To Buy A House?

There were 124 attached units sold during August 2019 in Henrico County for an average selling price of $309,900, the average sales price is higher than the $282,655 average sale price during August 2018.

A total of 14 two-bedroom or less attached homes sold for the month, for an average sale price of $190,164. The average is lower than the August 2018 sale price of $279,033.

In Henrico County during August 2019 a total of 15 four-bedroom or more homes sold for an average sale price of $488,961, this is down from the August 2018 average of $528,080.

All You Need to Know About Mortgages Before Buying Your First Home

There were 40 condos sold in Henrico County during August 2019 for an average sales price of $295,363, this is up 35.93% from $217,290 one year ago.

Browse for Condos for Sale In Chesterfield

As the summer buying season ends, potential buyers may see less competition for homes and slightly lower prices. Inventory is still tight and buyers may have to be patient searching for their perfect home.

Buyers should have financing in place and be ready to act when a matching property is found. Give us a call today and we can help you find the perfect home. We work with you to submit the most competitive offer.

Mortgage Loan Types with Mortgage Calculator

Sellers should take the opportunity to get their home listed today. There is a demand for homes, and sellers are getting close to asking price for their home.

During the winter months, there will be fewer people looking and buyers will be serious in their offers.

Want to get your home listed today? Give us a call and we can show you how we list and market your home to the most qualified of buyers to get your home sold quickly!

5 Questions to Ask When Selling a House

See Additional Reports on the Chesterfield and Henrico Counties Market Report