Welcome to the Midlothian Real Estate Market Report. In this September 2020 Midlothian real estate market report, provided by Barbara Reagan with Long & Foster Realtors, you will discover what is trending in our area: how many homes are selling each month, what the average price is for these homes that have sold, the average days on the market for these homes, and the average sales price per SF – and what does all this mean for you. Feel free to check back each month for an update!
|
Month |
Average List Price |
Average Sales Price |
# Homes Sold |
Average Time on Market |
|
January |
$347,234 |
$341,972 |
67 |
48 Days |
|
February |
$339,986 |
$336,211 |
77 |
36 Days |
|
March |
$372,809 |
$370,719 |
117 |
29 Days |
|
April |
$366,184 |
$363,677 |
110 |
23 Days |
|
May |
$363,098 |
$361,456 |
132 |
18 Days |
|
June |
$379,628 |
$377,950 |
146 |
21 Days |
|
July |
$376,073 |
$377,028 |
146 |
21 Days |
|
August |
$392,198 |
$390,290 |
144 |
19 Days |
|
September |
$390,495 |
$388,971 |
136 |
20 Days |
The single family home real estate market in Midlothian continues to be very tight. Homes are going under contract very very quickly, many with multiple offers and prices on some homes going well above the asking prices. Many buyers are coming in with few contingencies in their offers. It is rare that an offer on a home in Midlothian will have a home sale contingency in it, or even a contingency that is contingent upon the successful closing of a home. Buyers are having to act very quickly to get offers in, sometimes on the first or second day that the house is on the market.
If you are thinking of selling your home and buying another home, feel free to contact me and I would be happy to talk to you about how this can be done, even in today’s real estate market.
