DATA
See below for recent sales data, market trends, and other insights from Washington, DC and Northern Virginia real estate.
Washington, DC and Northern VA real estate market data
Washington, DC and Northern VA real estate market data
Washington, DC and Northern VA real estate market data
Washington, DC and Northern VA real estate market data
MAY 2021
While the number of homes sold decreased in many areas from April to May, Fairfax and Prince William more than made up for the deficit. Thanks to these two areas, the total number of closings across Northern VA and DC increased by nearly 150 homes. Prices also rose everywhere except Alexandria and Falls Church, and the amount of time homes were on the market held steady at a week or less. With inventory still very low, the competition among buyers is likely to continue for quite some time.
Washington, DC and Northern VA real estate market data - Washington, DC
Washington, DC and Northern VA real estate market data - Arlington, VA
Washington, DC and Northern VA real estate market data - Loudoun, VA
Washington, DC and Northern VA real estate market data - Washington, DC
APRIL 2021
As temperatures increased throughout April, so did the competition in the DC-area real estate market. In DC proper and all of Northern VA, the typical home sold in April went under contract within a week and sold for its original list price or more. Loudoun and Prince William led the way with homes selling for 3-4% above original list. Everywhere except Prince William had a median sale price above $600,000, and with the level of competition that remains, these prices are likely to increase even more as we approach summer.
MARCH 2021
March was another crazy, competitive month in real estate. Values continued increasing, and homes went under contract at the fastest pace since last spring. Continuing a trend from previous months, much of the competition has moved to further-out areas. Specifically, in both Prince William and Loudoun, the typical home sold in March was on the market only 4 days and closed 3 percent above list price!
FEBRUARY 2021
In February, the real estate market in DC and Northern VA picked back up after a slight holiday hiatus. The number of sales increased in DC, Arlington, and Alexandria with only a minor drop-off in Fairfax and Prince William County. Of the homes that sold, median sale prices rose, especially in DC and Alexandria. Across the board, homes sold in February were on the market for less time than those that sold in January.
JANUARY 2021
January 2021 saw more than 2,000 closed sales across DC and Northern VA. Homes that sold were on the market a bit longer than in previous months, but that’s normal for January closings.