PRINCE WILLIAM COUNTY JANUARY 2024 MARKET STATISTICS

MANASSAS, VA. January 12th – Bright MLS, Smartcharts, a leader in real estate data and insights releases the latest market statistics, providing a comprehensive snapshot of the local real estate landscape. Despite facing challenges, the market has demonstrated resilience and adaptability, as reflected in the following key findings:

In January 2024, the total number of closed sales reached 321, reflecting a decrease of 321 sales or 2.1% compared to the same period in 2023.

The median sold price surged to $510,000, marking a substantial $50,000 rise from the previous year, yet reflecting a notable $18,000 downturn from the preceding month.

The number of active listings totaled 266, representing a decrease of 39 (14.7%) compared to January 2023. Despite the reduction in available inventory, the market remains dynamic, offering opportunities for buyers and sellers alike.

The average days on market for January 2024 was 28, showing a marginal increase of one day compared to January 2023.

In summary, while we observe fluctuations in certain metrics, the overall market demonstrates resilience and adaptability. As we navigate the year ahead, it’s essential for buyers and sellers to consult a Realtor to help stay informed and agile in their approach.

REALTOR® Association of Prince William (PWAR) is the largest professional trade association in Prince William County, representing approximately 1,800 REALTORS® engaged in the residential and commercial real estate business. PWAR serves as an advocate for home-ownership and homeowners and represents the interests of property owners in Prince William County and the Commonwealth of Virginia. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics.

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