Chesterfield & Henrico Counties Market Report May 2019

The Wilson Group is excited to bring you this May 2019 Chesterfield County and Henrico County real estate market report.

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The average sold price for homes in the Chesterfield County real estate market for May 2019 is $300,397, up 7.6% from the May 2018 average of $279,019.

The average list price for homes sold during May 2019 was $300,574, an increase of 7.98% from the May 2018 average of $278,372.

There was a total of 75 attached units sold during May 2019, an increase from 44 compared to May 2018.

There were a total of 600 detached units sold in May 2019, higher than the May 2018 number of 564.

There were 963 new listings, 801 pending sales, and 675 closed sales in Chesterfield County for May 2019.

During May 2019 the Chesterfield County real estate market had a total of 1,235 active listings, the average days on the market for homes was at 28, and the average list to sold price ratio stood at 99.8%.

There were 11 two-bedroom detached homes sold during May 2019 in Chesterfield County and sold at an average sale price of $143,164.

There were 208 three-bedroom homes sold during May 2019, at an average sale price of $237,598.

The total number of four-bedroom or larger homes sold during May 2019 was 381, with an average sale price of $387,945.

A total of 11 two-bedroom homes sold in May 2019 with an average sale price of $224,323.

There were 29 three-bedroom attached homes sold for an average sale price of $252,370, and there were 5 four-bedroom homes sold at an average sale price of $243,506.

Chesterfield County buyers can expect to see new listings and slightly higher prices for homes.

The majority of homes are available on the market for less than ten days, and most buyers are using conventional financing or paying cash.

Buyers should have funding in place and be ready to act when they find a house that matches their needs.

Home Buying In Chesterfield

Sellers in Chesterfield County are getting very close to asking price for their home, and their home to sell quickly. The strongest demand is four bedroom homes in the $200-299,000 price range.

Sellers should take immediate advantage of the demand for homes in the Chesterfield County area if they are considering selling their home.

Real Estate Advice: Home Selling

The average sold price for homes in Henrico County for May 2019 was $308,130.

here were 517 homes sold during May 2019, and the average list price for sold homes was $308,578, and sellers were getting of sale price to list price.

During May 2019 there were 644 new listings, 585 new pending listings, and 517 closed sales.

The average sale price for detached homes during May 2019 was $317,145, up 2.9% from a year ago.

There were 400 detached units sold, of the 400 that sold; 26 were two-bedroom homes, with an average sale price of $153,514.

A 169 were three-bedroom homes, at an average sale price of $236,677, and 205 were four-bedroom or larger with an average sale price of $404,236.

There was a total of nine two-bedroom attached homes sold, with an average sales price of $200,111.

There was a total of 63 three-bedroom attached homes sold, the average sale price of $278,939, and there was a total of nine four-bedroom detached homes sold at an average sale price of $433,138.

During May 2019 there were 36 condos sold with an average sale price $254,795, up from $250,865 compared to May 2018.

Buyers in Henrico County can expect to see less inventory when compared to this time last year.

The majority of homes in Henrico County are selling in less than ten days, and the average buyer uses conventional financing to purchase their home.

Buyers should have funding in place and be ready to act when they find a home that matches their needs.

Real Estate Advice: Home Buying

Sellers in Henrico County are getting close to full asking price of their home. The homes with the strongest demand are 3 bedroom homes in the $200-299,000 price range.

Sellers should take advantage of the increase in prices and demand for homes. Sellers who are considering selling their home should use this time to get their home listed and marketed to the most qualified buyers.

Real Estate Advice: Home Selling

See Additional Reports on the Chesterfield and Henrico Counties Market Report