Real Estate Market Report:
2025 Northern Virginia Housing Market
January - june of 2025
Northern Virginia (NoVA) is a very desirable location and Real Estate in the area is in high demand for Home buyers. What did Northern Virginia's housing market look like during the first half of 2025 and what are the average home prices? Below is information about average prices and additional Real Estate market data for properties that sold during January - June of 2025 in Loudon County, Prince William County, Fairfax County, Alexandria, Arlington County and Stafford County.
NOTE: Use of the word "County" isn't applicable in cases where it doesn't apply (in the case of Cities that are independent/not located within a County), however, the MLS uses the County field for all properties, so I used it for data purposes.
The information below is an overview per County and property type. In future posts, I'll include data about various Cities and Neighborhoods. Real Estate is hyperlocal. Property values and market activity vary significantly, based on location, property features and other factors.
- Single Family Homes: Average purchase price = $1,345,632. Median days on market = 6. Sale price to list price ratio = 101.2%.
- Townhomes and Row Houses: Average purchase price = $958,356. Median days on market = 7. Sale price to list price ratio = 100.5%.
- Condos: Average purchase price = $465,880. Median days on market = 14. Sale price to list price ratio = 99.4%.
- The highest closed purchase price in Alexandria City County was $4,405,000 for a Home located on Wolfe Street in Old Town Alexandria, sold in June.
- Single Family Homes: Average purchase price = $1,496,721. Median days on market = 6. Sale price to list price ratio = 100.9%.
- Townhomes: Average purchase price = $807,761. Median days on market = 6. Sale price to list price ratio = 100.9%.
- Condos: Average purchase price = $476,523. Median days on market = 17. Sale price to list price ratio = 98.9%.
- The highest closed purchase price in Arlington County was $9,200,000 for a Home located on Chain Bridge Road in McLean.
- Single Family Homes: Average purchase price = $1,188,671. Median days on market = 6. Sale price to list price ratio = 101.2%.
- Townhomes: Average purchase price = $676,376. Median days on market = 6. Sale price to list price ratio = 101.4%.
- Condos: Average purchase price = $391,950. Median days on market = 12. Sale price to list price ratio = 99.5%.
- The highest closed purchase price in Fairfax County was $17,500,000 for a Home located on Chain Bridge Road in the Langley Farms community in McLean.
- Single Family Homes: Average purchase price = $1,139,482. Average days on market = 23. Sale price to list price ratio = 101.3%.
- Townhomes: Average purchase price = $673,289. Average Days on market = 22. Sale price to list price ratio = 100.8%.
- Condos: Average purchase price = $452,928. Average days on market = 12. Sale price to list price ratio = 99.5%.
- The highest closed purchase price in Loudon County was $6,114,373 for an Estate in Hunt Country Estates in Middleburg.
- Single Family Homes: Average purchase price = $735,506. Median days on market = 7. Sale price to list price ratio = 101%.
- Townhomes: Average purchase price = $498,470. Median days on market = 8. Sale price to list price ratio = 100.8%.
- Condos: Average purchase price = $352,669. Median days on market = 13. Sale price to list price ratio = 99.9%.
- The highest closed purchase price in Prince William County was $2,900,000 for a Home located on 10 Acres in the Occuquan Overlook community in Woodbridge.
- Single Family Homes: Average purchase price = $615,038. Median days on market = 11. Sale price to list price ratio = 100.3%.
- Townhomes: Average purchase price = $409.784. Median days on market = 8. Sale price to list price ratio = 100%.
- Condos: Average purchase price = $357,516. Median days on market = 37. Sale price to list price ratio = 99.2%.
- The highest closed purchase price in Stafford County was $1,800,000 for a Home located in Stafford.
Although inventory has increased since the same time frame in 2024, there's still a lack of sufficient supply in key areas and prime property types. In a number of areas, increased inventory and slightly higher days on market are providing opportunities for buyers to have more flexibility with price negotiation and Contract terms.
NOTE: Real Estate data in this report is provided from Bright MLS.
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