PRINCE WILLIAM COUNTY MARCH 2022 MARKET STATISTICS
WOODBRIDGE, VA. April 15, 2022—REALTOR® Association of Prince William (PWAR) has gathered Prince William County’s most recent market statistics, generated by Virginia REALTORS® Chief Economist, Lisa Sturtevant, and SmartCharts, an affiliate website of Showing Time. The market statistics are gathered through data provided by VAR and Bright MLS, which serves as the multiple listing service for Prince William County.
A total of 721 homes were sold in March 2022, an increase of 0.7 percent compared to March 2021 at 716. The number of pending sales saw a decrease of 12.8 percent year-over-year, from 942 to 821. New listings showed a slight decrease in percentage year-over-year, with 953 new listings, as opposed to 1024 in March 2021. PWAR had more active listings available last month with 276 active listings in March 2022, compared to 250 in 2021; a difference of 9.4 percent. The median sold price of homes saw an increase of 17.4 percent to $512,000 as compared to $436,000 last year. The average days on the market increased to 9 in March 2022, as opposed to 7 in 2021.
REALTOR® Association of Prince William (PWAR) is the largest professional trade association in the Prince William County, representing approximately 2,000 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.
Note: 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.