Northern Virginia Real Estate Market Update – January 2025
The Northern Virginia real estate market continues to be dynamic, with low inventory and strong buyer demand shaping the landscape. Here’s a breakdown of the latest trends by county to help buyers and sellers navigate the current market, this is before all the talk about government layoff started had an impact on the numbers. But I have heard from buyers that no longer want to come to the area and others that have to come back to the area due to the back to work mandate.
Fairfax County: A Seller’s Advantage
🏡 Months Supply of Inventory: 1.02 (Low Inventory)
📈 12-Month Change in Inventory: +78.95% (More Homes Entering Market)
⏳ Median Days on Market: 31 (Homes Selling Fast)
💰 Sold-to-List Price Ratio: 100.5% (Homes Selling Above Asking)
🏷 Median Sold Price: $699,000
Despite an increase in available inventory, Fairfax County remains a competitive market. With homes selling quickly and above asking price, sellers are in a strong position. Buyers should be prepared to move fast and make competitive offers.
Prince William County: Strong Demand Continues
🏡 Months Supply of Inventory: 0.93 (Very Low Inventory)
📈 12-Month Change in Inventory: +93.75% (Market Becoming More Balanced)
⏳ Median Days on Market: 38
💰 Sold-to-List Price Ratio: 99.9%
🏷 Median Sold Price: $530,000
Prince William County remains a seller-friendly market, with homes selling quickly and close to their listing prices. Buyers can expect some relief as inventory levels gradually rise, but competition is still strong.
Loudoun County: Competitive Market Conditions
🏡 Months Supply of Inventory: 1.21
📈 12-Month Change in Inventory: +98.36%
⏳ Median Days on Market: 36
💰 Sold-to-List Price Ratio: 100.6%
🏷 Median Sold Price: $702,500
Loudoun County remains highly competitive, with limited inventory and high buyer demand pushing prices above asking. Expect homes to sell fast, making it essential for buyers to be ready to act.
Arlington, VA: Strong Market for Sellers
🏡 Months Supply of Inventory: 1.21
📈 12-Month Change in Inventory: +98.36%
⏳ Median Days on Market: 36
💰 Sold-to-List Price Ratio: 100.6%
🏷 Median Sold Price: $702,500
Arlington’s real estate market remains robust, with homes selling above asking price and limited supply fueling competition. Sellers can expect strong offers, while buyers must act quickly to secure a home.
Alexandria, VA: Increased Inventory Brings Opportunity
🏡 Months Supply of Inventory: 1.29
📈 12-Month Change in Inventory: +168.75% (More Homes Available)
⏳ Median Days on Market: 38
💰 Sold-to-List Price Ratio: 99.2%
🏷 Median Sold Price: $602,500
With more homes entering the market, Alexandria is seeing a shift toward a more balanced market. However, homes are still selling quickly and close to asking price, making it an attractive location for both buyers and sellers.
Stafford, VA: Market Shifting But Still Competitive
🏡 Months Supply of Inventory: 1.77
📈 12-Month Change in Inventory: +180.95%
⏳ Median Days on Market: 41
💰 Sold-to-List Price Ratio: 99.7%
🏷 Median Sold Price: $560,000
Stafford is experiencing a significant increase in inventory, giving buyers more options while still maintaining a competitive seller’s market. Homes continue to sell fast and at strong prices.
Final Thoughts: What This Means for You
✅ Sellers: Low inventory means your home is in high demand! With prices holding steady and buyers competing, it’s a great time to list your property.
✅ Buyers: Be prepared to move quickly! While inventory is increasing in some areas, competition remains fierce. Having a strong offer and a good strategy is key to securing the right home.
Have questions about buying or selling in Northern Virginia? Let’s connect! 🏡📲
📞 Claudia S. Nelson | eXp Realty
🌐 www.VARealEstateExperts.com
📩 Ready to make a move? Reach out to me today at 571-446-0002 for expert guidance on navigating the Northern Virginia Real Estate market!
Claudia S. Nelson
eXp Realty
Call or Text 📞 (571)446-0002
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eXp Realty ~ Woodbridge, VA ~ Office Number- 703-665-3362
Licensed Salesperson in the Commonwealth of Virginia
