There were a total of 6,748 single family residential properties sold in the Northern Virginia real estate market in the 3rd quarter 2022. This is down from 9,137 units sold in the previous quarter and also down from 9,629 units sold during the same period a year earlier.
The median sold price for single family residential properties in the 3rd quarter was $739,452. This is down from a median sold price of $767,200 in the previous quarter but up from $671,995 for the 3rd quarter 2021.
Sold prices ranged from a low of $160,000 to a high of $8,700,000 in the 3rd quarter. Days-on-market ranged 0 - 1,579 days with a median DOM of 18 days. The median sold price as a percentage of the median original list price was 100%.
There were 2,226 condominium unit sales in the 3rd quarter 2022, down from 2,726 units sold in the previous quarter and also down slightly from 2,866 units sold in the 3rd quarter 2021. The sold prices ranged $89,998- $3,600,00 with a median sold price of $360,789. This is down slightly from a median sold price of $371,250 in the previous quarter but up from $349,900 in the 3rd quarter 2021. The median days on market was 10 days in the 3rd quarter with a median sold price as a percentage of the original list price of 100%.
The Northern Virginia real estate market includes: Alexandria City, Arlington County, Fairfax County, Fairfax City, Falls Church City, Fauquier County, Loudoun County, Manassas City, Manassas Park City, and Prince William County.
Alexandria City Real Estate:
There were 231 single family residential sales in the City of Alexandria in the 3rd quarter 2022. The sold prices ranged $409,900 - $2,900,000 with a median sold price of $860,000. This is down from a median sold price of $930,000 in the previous quarter but up from $801,000 in the 3rd quarter 2021. The days-on-market ranged from 0 - 113 days with a median days-on market of 12 days. The median sold price as a percentage of the original list price was 99% in the 3rd quarter.
The median sold price for condominium units in the City of Alexandria market was $332,750 in the 3rd quarter with 368 units sold. The sold price range was $153,000 - $3,600,000. This is up only slightly from a median sold price of $331,500 for the same period in 2021 and down from $360,000 in the previous quarter. The median sold price as a percentage of the original list price was 100% with a median days-on-market of 10 days.
Check our Alexandria City Monthly Market Updates.
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Arlington County Real Estate:
There were 309 single family residential sales for the 3rd quarter in Arlington County. Sold prices ranged $490,000 - $3,550,000 with a median sold price of $1,065,000, up from a median sold price of $950,000 in the 3rd quarter 2021 but down from $1,145,000 in the 2nd quarter 2022. Days-on-market ranged from 0 - 335 days with a median days-on-market of 9 days. The median sold price as a percentage of the original list price was 100%.
There were 356 condominium unit sales in Arlington County with a sold price range of $89,998 - $2,182,000 and a median sold price of $430,000. This is down from a median sold price of $469,900 with 473 units sold in the previous quarter and also down from $450,000 in the 3rd quarter in 2021 with 449 units sold. Days-on-market ranged 0-158 days in the 3rd quarter with a median DOM of 14 days. The median sold price as a percentage of the original list price was 98.6%.
Check our Arlington County Monthly Market Updates.
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Fairfax County Real Estate:
There were 2,769 single family residential sales in the Fairfax County market in the 3rd quarter 2022. The median sold price was $740,000, down from a median sold price of $775,000 in the previous quarter and up from $689,000 in the 3rd quarter 2021 with 4,061 units sold. The sold prices ranged from a low of $255,000 to a high of $8,700,000 in the 3rd quarter with a median days-on-market of 9 days. The median sold price as a percentage of the original list price was 100%.
There were 875 residential condominium units sold in Fairfax County in the 3rd quarter 2022, down from 1,041 units in the previous quarter and also down from 1,125 units sold during the 3rd quarter 2021. The sold price range was $131,000 - $1,565,000 with a median sold price of $335,000. This is up from a median sold price of $325,000 for the same period a year earlier and down slightly from $340,000 in the previous quarter. The median sold price as a percentage of the original list price was 100% with a median days-on-market of 10 days.
Check out our Fairfax County Monthly Market Updates.
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Fairfax City Real Estate:
There were 69 single family residential sales in the Fairfax City market in the the 3rd quarter with a median sold price of $665,000. This is down from a median sold price of $735,500 with 102 sales in the previous quarter and also down from $706,000 in the 3rd quarter 2021 with 95 sales. The sold price range was $405,000 - $1,485,000 in the 3rd quarter with a median days-on-market of 11 days. The median sold price as a percentage of the original list price was 100%.
There were 21 residential condominium unit sales in the 3rd quarter. The sold prices ranged $202,000 - $670,000 with a median sold price of $270,500 . The median days-on-market was 7 days and the median sold price as a percentage of the median original list price was 99%.
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Falls Church City Real Estate:
There were 24 sales of single family residential properties in City of Falls Church in the 3rd quarter with a median sold price $1,134,500 and a sold price range of $772,000 - $2,000,000. This is down from $1,210,000 in the previous quarter but and up from a median sold price of $1,090,000 for the same period in 2021. The median sales-to-list price ratio based on the original list price was 99.6% in the 3rd quarter with a median days-on-market of 6 days.
There were 12 condominium unit sales in Falls Church City with a median sold price of $437,500 and a range of $210,000 - $803,800. This is down from a median sold price of $468,500 in the previous quarter and down from $486,000 in the 3rd quarter in 2021. The median days-on-market was 7 days and the median sales price as a percentage of the original list price was 98%.
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Loudoun County Real Estate:
There were a total of 1,288 single family residential properties sold in the Loudoun County market in the 3rd quarter 2022 with a median sold price of $729,500 and a sold price range of $266,000 - $3,675,000. This is down from a median sold price of $780,000 with 1,738 units sold in the previous quarter and up from $675,000 with 2,004 units sold in the 3rd quarter 2021. The days-on-market ranged 0 - 999 days with a median DOM of 10 days. The median sold price to original list-price ratio was 100%.
There were 290 condominium unit sales in the 3rd quarter, down from 430 units sold during the same period in 2021. The median sold price was $435,000, up from $395,000 for the same period 2021 and up slightly from a median sold price of $430,500 in the 2nd quarter 2022. The sold price range was $166,500 - $975,000 with a median days-on-market of 10 days. The median sold price as a percentage of the original list price was 100% in the 3rd quarter.
Check out our Loudoun County Monthly Market Updates.
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Manassas City Real Estate:
There were 113 single family residential sales in the City of Manassas in the 3rd quarter with a sold price range of $240,000 - $885,000. The median sold price was $489,000, down from a median sold price $520,000 in the previous quarter but up from $425,000 for the same period in 2021. The median days-on-market was 12 days in the 3rd quarter with a range of 0 - 73 days. The median sold price as a percentage of the original list price was 100%.
There were 41 condominium unit sales in the 3rd quarter with a sold price range of $180,000 - $504,900 and a median sold price of $275,000. This is unchanged from a median sold price of $275,000 in the previous quarter but up from a median sold price of $240,000 for the same period a year earlier.
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Manassas Park City:
There were 54 single family residential sales in Manassas Park City in the 3rd quarter. The sold price range was $253,000 - $690,000. The median sold price was $427,500, up from a median sold price of $404,250 in the previous quarter and up from $415,000 for the same period 2021. The median days-on-market was 16 days in the 3rd quarter and the median sold price as a percentage of the original list price was 98%.
There were 11 condominium unit sales in Manassas Park City with a sold price range of $200,000 - $350,000 and a median sold price of $310,000. This is up from a median sold price of $280,000 in the 3rd quarter 2021 and up from $305,000 in the 2nd quarter 2022. The sales price to list price ratio was 101% in the 3rd qarter with a median days-on-market was 5 days.
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Prince William County Real Estate:
There were a total of 1,581 single family residential sales in the Prince William County market in the 3rd quarter, down from 2,294 units sold during the same period in 2021. The median sales price was $550,000 with a sold price range of $160,000 - $1,850,000. This is down from a median sold price of $575,000 in the previous quarter but up from $505,000 in the 3rd quarter 2021. The median days-on-market was 10 days in the 3rd quarter. The median sold price as a percentage of the average original list price was 100%.
There were 229 condominium unit sales in the Prince William County market in the 3rd quarter 2022, down from 286 units sold in the 2nd quarter. Sold prices have ranged from a low of $155,000 to a high of $603,795 with an median sold price of $360,000. This is down slightly from a median sold price of $365,000 in the previous quarter and up from $340,000 for the same period a year earlier. The median days on market was 8 days in the 3rd quarter with a sales-to-list-price ratio of 100%.
Check out our Prince William County Monthly Market Updates.