Chesterfield & Henrico Counties Market Report June 2019

Welcome to this month’s Chesterfield and Henrico Counties real estate market report.

The Wilson Group keeps you up to date about the Chesterfield and Henrico Counties real estate market.

If you are in the market for a new home, use our home search tool to find properties that meet your criteria. Be sure to sign up to be notified as soon as matching properties become available. Give us a call at the Wilson Group and we can answer your home buying questions.

If you are considering selling your home or condo, use our free home valuation tool to get an idea of your home’s worth. Then give us a call today to get your home listed and marketed by our professional group of realtors.

There were 746 units sold during June 2019 in the Chesterfield County real estate market, up 10.5% compared to May 2019. There were 811 new listings on the market, this is down 15.8% compared to last month, and there were 709 pending listings during June 2019, down 11.5% from last month.

There were a total of 1,225 active listings in June 2019 for Chesterfield County, the average number of days on the market is 29, and the average sold to list price ratio is 99.7%.

Home Buying In Chesterfield

There were 669 detached units sold during June 2019, up 2.92% from 650 in June 2018.

There were eight two-bedroom or less detached homes sold during June 2019 for an average sale price of $148,813. This is a decrease of 1.90% from the June 2018 average of $151,696.

There were 251 three-bedroom detached homes sold during June 2019 for an average sale price of $227,846, an increase of 3.30% from $220,557 in June 2018.

There were 410 four-bedroom or more detached homes sold in Chesterfield County during June 2019. Four-bedroom detached homes had an average sale price of $372,766; this is an increase of 6.17% from the June 2018 average of $351,121.

How Much Will Buying a Home in Chesterfield Cost?

There were 11 two-bedroom attached units sold during June 2019, for an average sale price of $190,835, which is an increase of 51.83% from June 2018 average of $125,688.

There were 40 three-bedroom attached homes sold during June 2019, for an average sale price of $262,644, up 21.82% from the June 2018 average of $251,595.

There were three four-bedroom or more attached homes sold during June 2019, for an average sale price of $311,174, this is also an increase of 5.13% from the June 2018 average of $295,994.

There were 23 condo’s sold during June 2019, for an average sale price of $272,987, an increase of 61.84% from the June 2018 average of $168,679.

There were 568 new listings during June 2019, down 11.8% from May 2019. There were 548 closed sales, up 6.0% from the previous month of May 2019, and there were 544 pending sales during June 2018, down 7.0% from May 2019.

There is a total of 692 active listings ending June 2019, the average days on the market for homes is 20, and the average sold to list price ratio is 99.5%.

Questions to Ask When Buying a Home

A total of 13 two-bedroom detached units sold during June 2019, for an average sales price of $155,777, a decrease from the June 2018 average sales price of $174,969.

There were a total of 175 three-bedroom detached units sold during June 2019. The average sales price was $219,855; this is a decrease of 6.71% when compared to June 2018.

In Henrico County, there was a total of 243 four-bedroom or more detached homes sold. Four-bedroom or more homes sold for an average of $416,318, a decrease of 0.61% compared to the June 2018 average of $418,853.

What Credit Score is Needed To Buy A House?

There were eight two-bedroom or less attached homes sold during June 2019, for an average sale price of $204,031, this is a decrease of 18.65% from the June 2018 average of $250,806.

During June 2019 there were 47 attached three-bedroom homes sold for an average sales price of $279,105, this is a decrease of 3.71% from the June 2018 average of $288,945.

There was a total of 12 four-bedroom or more attached homes sold for an average sales price of $431,906 in June 2019. This is also a decrease of 12.55% from the June 2018 average of $493,863.

A total of 50 condos were sold in Henrico County in June 2019, for an average sale price of $215,214, a decrease of 18.91% from $265,393 during June 2018.

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

Buyers in Chesterfield County can expect to see higher listing prices and fewer homes available.

Buyers in Henrico County can anticipate slightly lower prices and also a smaller inventory of homes available.

Buyers should have financing in place and be ready to act when a property that meets their needs becomes available. The Wilson Group of professional realtors will keep you up to date about new properties in your area. Contact us today if you are in the market for a new home.

Real Estate Advice: Home Buying

Sellers in Chesterfield and Henrico Counties can expect to get close to listing price for their home or condo. While in some areas prices have dropped slightly, in both counties the average list to sale price is 99%.

Sellers who are considering selling should take advantage of the low inventory to sell their home quickly.

If you are considering selling your home, give the Wilson Group a call today and we can answer all your questions about the Chesterfield and Henrico Counties real estate market. We can list your home, and make sure it is marketed and shown to the most qualified buyers.

Real Estate Advice: Home Selling

See Additional Reports on the Chesterfield and Henrico Counties Market Report