SaddleBrooke Real Estate Update for May 2025, Lynn Slaten Long Realty

 The following data is based on homes that sold and were for sale during the month of May, 2025.

For May, 2025, there were 26 homes sold, compared to 37 that were sold in April, 2025.  In May, 2024, there were 36 homes sold.

-The median sales price for May, 2025 was $473,060, compared to $495,000 in April, 2025.  In May, 2024, the median sales price was $517,125.

-The median list price in May, 2025 was $478,500, compared to $495,000 in April, 2025. In May, 2024, the median list price was $522,500.

-The list price to sales price in May, 2025 was 98%, compared to April, 2025 at 97%. In May, 2024, the list price to sales price was also 98%.

-The numbers of homes sold year-to-date at the end of May, 2025 was 154, compared to 141 that sold during by the end of May, 2024.

-There are currently 120 homes on the market. Average days on market is 46. The least expensive property is priced at $309,900 and the most expensive one is listed at $1,499,000.

-There are currently 29 homes under contract. 8% of those sold over the original asking price.

-There is currently 4.5 months of inventory, which represents a Balanced Market, as follows:

• Sales From $300K to $400K = Balanced Market
• Sales From $400K to $500K = Seller’s Market
• Sales From $500K to $600K = Buyer’s Market
• Sales From $600K to $700K = Buyer’s Market
• Sales From $700K to $800K = Seller’s Market
• Sales From $800K to $900K = Insufficient Data to Report
• Sales From $900K to $1M    = Insufficient Data to Report
• Sales in The $1M+ market = Insufficient Data to Report

Note: A Sellers Market represents less than 4 months of inventory.

          A Balanced Market represents 4 to 6 months of inventory.

          A Buyers Market represents more than 6 months of inventory.

          Buyers Market = More people selling homes than buying

          Sellers Market = More people buying homes than selling