Bon Air’s housing pipeline is active, with 16 new listings in February and 15 homes moving under contract, even though only 8 properties were available at month’s end. With just 0.5 months of supply, homes are seeing brisk interest and median days on market still sit at only 9.
Pricing is responding to this tight environment, as the typical home value reached about $435,000, up 2.35% from the prior month despite being slightly below last year. Sellers in Bon Air are often in a strong position, with roughly 58.8% of homes selling above list price and an average sale-to-list ratio just over 1.02.
Compared with Chesterfield County overall, where the typical home value is around $421,507.50, Bon Air sits a bit higher, and both areas are projected to see modest value gains into March. With projected typical values near $440,000 and median list prices around $424,250 next month, conditions are expected to stay tilted toward sellers in this designated seller’s market, so both buyers and sellers can benefit from Agent Pronto’s help in finding the right local agent to guide them.
