Market Trends Overview
- Strong Seller Market: Low inventory and steady demand have kept the seller advantage high.
- Fast Sales: Homes in this price range move quickly, with median days on market consistently low.
- Minimal Price Reductions: Most homes sell close to the original listing price, signaling strong buyer demand.
Past 12 Months Trends
- Listings: An average of 2.55 new listings per day, totaling 930 listings for the year.
- Sales: 2.07 homes sold per day, with 755 total sales over 12 months.
- Pricing:
- Average listing price: $409,767
- Median listing price: $410,000
- Final sale prices averaged $401,893, with a median of $401,000.
- Days on Market: Homes sat for an average of 39 days, with a median of 21 days.
- Buyer-Seller Scores:
- Buyer Score: 1.9 (very limited power for buyers)
- Seller Score: 8.1 (sellers in control)
Key Insight:
The seller advantage remains strong, with homes selling quickly and near asking prices.
Year-to-Date (YTD) 2025
- Listings: 139 new homes have entered the market so far, averaging 2.14 per day.
- Sales: 112 homes sold, with 1.72 sales per day.
- Pricing:
- Average listing price: $406,815
- Median listing price: $410,000
- Final sale prices: Averaged $404,694, median $405,000.
- Days on Market: Homes sold in an average of 25 days, with a median of 14 days.
- Buyer-Seller Scores:
- Buyer Score: 1.3 (unchanged)
- Seller Score: 8.7 (sellers still in control)
Key Insight:
The market remains highly competitive for buyers, with homes selling faster than last year.
February 2025 (Last Full Month)
- Listings: 62 new homes hit the market (2.21 per day).
- Sales: 54 homes sold (1.93 per day).
- Pricing:
- Average listing price: $409,276
- Median listing price: $410,000
- Final sale prices: Averaged $407,510, median $409,945.
- Days on Market: Homes sold in an average of 15 days, with a median of 11 days.
- Buyer-Seller Scores:
- Buyer Score: 0.7 (very limited power)
- Seller Score: 9.3 (high seller advantage)
Key Insight:
February was an extreme seller’s market, with homes selling in under two weeks on average.
March 2025 (Current Month)
- Listings: 10 new homes listed so far.
- Sales: 9 homes sold.
- Pricing:
- Average listing price: $422,180
- Median listing price: $425,000
- Final sale prices: Averaged $420,680, median $425,000.
- Days on Market: 2 days average, median 1 day (extremely fast-moving).
- Buyer-Seller Scores:
- Buyer Score: 2.6 (slightly improved for buyers)
- Seller Score: 7.4 (still seller-friendly)
Key Insight:
March has started with strong demand, and homes are selling almost immediately.
Final Thoughts
- Sellers: The market is still in your favor, with strong demand and homes selling quickly at or near listing price.
- Buyers: Be ready to act fast, as homes in this price range sell in days. Get pre-approved and make competitive offers.
Thinking about buying or selling? Let’s connect today!