November 2022 vs November 2025 – What’s Changed?
The Chesterfield County real estate market has shifted from the ultra-competitive conditions of 2022 to a more balanced market in 2025. While home prices are up nearly 18%, buyers now have more inventory and time to decide, and sellers continue to benefit from strong pricing and steady demand.
🏡 New Listings: Fewer Homes Coming To Market
New Listings dipped overall compared to 2022:
- 2022: 482 new listings
- 2023: 384 new listings
- 2024: 468 new listings
- 2025: 421 new listings
📈 While 2024 rebounded, 2025 shows sellers are still cautious – keeping inventory tighter than pre 2023 levels.
✍️ Homes Under Contract: Buyer Demand Holds Strong
Despite fewer listings, buyer activity increased significantly since 2022.
- 2022: 294 homes under contract
- 2023: 341 homes under contract
- 2024: 396 homes under contract
- 2025: 402 homes under contract
✔️ This steady growth shows buyers are still motivated and ready to act when the right home appears.
💰 Sales Price vs List Price: Sellers Still Winning
Homes continue to sell at or above asking price on average.
- 2022: 101.2% of asking price
- 2023: 101.5% of asking price
- 2024: 100.4% of asking price
- 2025: 100.6% of asking price
👌 While bidding wars have cooled slightly since 2023, sellers are still achieving excellent results.
👀 Showings Per Listing: Slower, More Intentional Buyers
Buyer urgency has softened.
- 2022: 6.1 showings per listing
- 2023: 5.4 showings per listing
- 2024: 5.0 showings per listing
- 2025: 4.8 showings per listing
🔎 Buyers are more selective, but serious when they engage.
🏠︎ Homes Closed: Market Stability
Closings remain consistent year over year.
- 2022: 398 homes closed in November
- 2023: 355 homes closed in November
- 2024: 395 homes closed in November
- 2025: 385 homes closed in November
⚖️ This points to a balanced, functioning market rather than boom-or-bust conditions
⏳ Days on Market: Homes Taking Longer To Sell
- 2022: 17 days for a home to go under contract
- 2023: 24 days for a home to go under contract
- 2024: 34 days for a home to go under contract
- 2025: 35 days for a home to go under contract
🗓️ Homes are no longer flying off the market – but well priced properties are still moving.
📈 Average Sales Price: Long Term Growth Continues
- 2022: $408,072 average sales price
- 2023: $445,902 average sales price
- 2024: $445,572 average sales price
- 2025: $483,040 average sales price
💵 Prices are up nearly 18% since 2022, with a notable jump in 2025
📋 Active Listings & Inventory: More Choices For Buyers
- Active Listings (2025): 855 homes available for sale at month end (up from 645 in 2022)
- Months of Inventory:
- 2022: 1.3 months of inventory
- 2023: 1.9 months of inventory
- 2024: 1.9 months of inventory
- 2025: 2.0 months of inventory
👉 Buyers have more options than they did a few years ago – but inventory still favors sellers.
🔑 Bottom Line
Chesterfield County has shifted from the ultra competitive market of 2022 to a more balanced, strategic environment in 2025. Sellers still benefit from strong pricing, while buyers enjoy increased inventory and a bit more breathing room.
Thinking about making a move? Understanding these trends can help you time it right.
