March 2025 Pending Real Estate Report: Prices, Sizes, and Days on Market

Exploring Residential Real Estate Trends for Pending Properties in March 2025

The residential real estate market in March 2025 offers a fascinating snapshot of homes listed as "Active Under Contract" and "Pending" across a dataset of 4,042 properties. This data, gathered from the Multiple Listing Service (MLS), reveals key details about property sizes, prices, and days on the market, providing a clear picture of what’s happening in the housing world right now. Whether you're a curious homeowner, a potential buyer, or just someone interested in real estate stats, this information breaks down the numbers in a way that’s easy to grasp and packed with specifics.

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Let’s start with the 1,722 properties marked as "Active Under Contract." These homes are in the process of being sold but haven’t finalized yet. The smallest home in this group has just 390 square feet, while the largest stretches to an impressive 11,998 square feet. On average, these properties measure 2,152 square feet, with a median size of 1,914 square feet, showing that most homes fall around this middle range. Bedrooms and bathrooms tell a similar story: the minimum is unspecified, but the maximum reaches 12 bedrooms and 10 bathrooms, while the average home has 3 bedrooms and 3 bathrooms, with a median of 3 bedrooms and 2 bathrooms. Lot sizes vary widely too, from tiny plots to massive ones covering 2,687,652 square feet, though the average lot is 32,049 square feet, and the median is a more modest 8,296 square feet—or about 0.19 acres.

Pricing for these "Active Under Contract" homes is just as diverse. List prices range from a low of $66,000 to a high of $9,999,000, with an average of $638,552 and a median of $450,000. When you break it down by price per square foot, the range spans $59.75 to $2,019.35, averaging $285.40 and hitting a median of $237.22. The time these homes spend on the market, measured as Active Days on Market (ADOM), also varies: the longest is 748 days, the average is 76 days, and the median is 39 days. This suggests that while some properties linger, most move relatively quickly.

Switching gears to the 2,320 homes listed as "Pending," these properties have offers accepted and are closer to closing. Here, the smallest home is 405 square feet, and the largest tops out at 8,136 square feet. The average size is 2,187 square feet, with a median of 2,035 square feet—slightly larger than the "Active Under Contract" group. Bedrooms range up to 12 and bathrooms up to 9, with averages of 4 bedrooms and 3 bathrooms, and medians of 4 bedrooms and 3 bathrooms. Lot sizes in this category are striking, with one property sitting on an enormous 420,092,640 square feet (over 9,644 acres), though the average is 204,184 square feet, and the median drops to 6,767 square feet, or roughly 0.155 acres.

For "Pending" homes, list prices start at $49,900 and climb to $7,900,000. The average list price is $522,518, and the median is $410,299—lower than the "Active Under Contract" group, hinting at different market segments. Price per square foot ranges from $17.74 to $2,038.79, with an average of $236.65 and a median of $208.24, showing a tighter spread than the other category. Days on the market here range up to 823 days, with an average of 83 days and a median of 54 days, indicating that "Pending" homes tend to take a bit longer to reach this stage compared to their "Active Under Contract" counterparts.

When you combine all 4,042 properties—both "Active Under Contract" and "Pending"—the trends become even clearer. The smallest home is 390 square feet, and the largest is 11,998 square feet, with an average of 2,172 square feet and a median of 1,997 square feet. Bedrooms max out at 12 and bathrooms at 10, averaging 4 bedrooms and 3 bathrooms, with a median of 3 bedrooms and 3 bathrooms. Lot sizes span from nearly zero to 420,092,640 square feet, averaging 130,850 square feet and a median of 7,362 square feet (about 0.169 acres). List prices range from $49,900 to $9,999,000, with an average of $571,952 and a median of $424,992. Price per square foot stretches from $17.74 to $2,038.79, averaging $257.41 and hitting a median of $218.18. Finally, ADOM ranges up to 823 days, with an average of 80 days and a median of 47 days.

This data paints a detailed picture of the residential real estate landscape as of March 4, 2025. Homes vary widely in size, price, and time on the market, but averages and medians show a market centered around moderately sized homes with list prices in the mid-$400,000s to high-$500,000s. Whether a home is "Active Under Contract" or "Pending," these stats offer a window into what buyers and sellers are navigating right now, reflecting a dynamic and varied housing market. 

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