The Long & Foster Market Minute

Focus On: Charles Town Housing Market March 2021

Zip Code(s): 25414
Units Sold
34
Active Inventory
36
Median Sale Price
$338,500
Days On Market
24
Up 13%
Vs. Year Ago
Down -39%
Vs. Year Ago
Up 17%
Vs. Year Ago
Down
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 34 sold this month in Charles Town Real Estate versus 27 last month, an increase of 26%. This month's total units sold was higher than at this time last year, an increase of 13% versus March 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 23 units or 39%. The total number of active inventory this March was 36 compared to 59 in March 2020. This month's total of 36 is higher than the previous month's total supply of available inventory of 30, an increase of 20%.

Median Sale Price
Last March, the median sale price for Charles Town Homes was $289,950. This March, the median sale price was $338,500, an increase of 17% or $48,550 compared to last year. The current median sold price is 1% lower than in February.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
55
Current Contracts
46
Sold Vs. List Price
101.8%
Months of Supply
1.1
Up 83%
Vs. Year Ago
Up 84%
Vs. Year Ago
Up 2%
Vs. Year Ago
Down -46%
Vs. Year Ago

Months of Supply
In March, there was 1.1 months of supply available in Charles Town, compared to 2.0 in March 2020. That is a decrease of 46% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 55 homes newly listed for sale in Charles Town compared to 30 in March 2020, an increase of 83%. There were 46 current contracts pending sale this March compared to 25 a year ago. The number of current contracts is 84% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Charles Town was 101.8% of the average list price, which is 2.0% higher than at this time last year.

Days on Market
This month, the average number of days on market was 24, lower than the average last year, which was 58. This decrease was impacted by the limited number of sales.

The Long & Foster Market Minute Charles Town are defined as properties listed in zip code/s 25414.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.