Woodbridge Real Estate Market Update – January 2025
If you’ve been keeping an eye on the real estate market in Woodbridge, VA, you know things are constantly shifting. Whether you’re a buyer or seller, understanding the latest trends is key to making informed decisions. So, let’s dive into the most recent data from RPR and see what’s happening in our local market!
A Seller’s Market—For Now
Currently, Woodbridge is still in a strong seller’s market, with only 0.87 months of inventory available. What does that mean? Essentially, if no new homes were listed, it would take less than a month to sell everything currently available. Low inventory equals high competition among buyers, which is great news for sellers looking to maximize their home’s value.
However, there’s a shift happening. The 12-month change in inventory is up by 64.2%, meaning more homes are hitting the market. This could indicate a move toward a more balanced or even buyer-friendly market in the future.
Homes Are Selling Fast!
The median days on market is 40, which means well-priced homes are still moving quickly. Buyers, if you’re on the fence, this is a sign you need to act fast when you find the right home. Sellers, this stat reinforces the importance of proper pricing and strategic marketing—because even in a hot market, homes that are overpriced can linger longer than necessary.
Homes Are Selling at Full Price
Sellers are still holding strong with a 100% sold-to-list price ratio, meaning homes are selling for exactly what they’re listed for. This is a sign of a competitive market where buyers are willing to meet seller expectations rather than negotiate lower prices.
What’s the Current Median Home Price?
The median sold price in Woodbridge is currently $483,500, showing a steady increase. This is great for sellers looking to capitalize on their home’s value, and for buyers, it means getting into the market now could be a smart move before prices potentially rise further.
What This Means for You
✅ For Sellers – Now is still a great time to list your home! With limited inventory and strong demand, properly marketed and well-priced homes are selling quickly and at full price.
✅ For Buyers – While competition is still present, an increase in inventory may bring more opportunities. Make sure you’re pre-approved and ready to move quickly when you find the right home.
The Woodbridge real estate market is dynamic, and keeping up with the trends is key to making informed decisions. If you’re thinking about buying or selling, let’s connect and develop a strategy that works best for you!
📩 Ready to make a move? Reach out to me today at 571-446-0002 for expert guidance on navigating the Woodbridge 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
