Market Statistics

PRINCE WILLIAM COUNTY MAY 2024 MARKET STATISTICS

MANASSAS, VA. May 15th – Bright MLS, Smartcharts, a leader in real estate data and insights, has released the latest market statistics for May 2024, offering a comprehensive snapshot of the local real estate landscape.

In May 2024, closed sales totaled 603, a minimal increase of 0.7% compared to May 2023. A key indicator of market strength, the median sold price, increased to $570,000 in May 2024 compared to last month, representing an increase of 4.2% from May 2023. This upward trend underscores the continued value appreciation and desirability of properties in our region. New listings in May 2024 recorded a total of 623, reflecting a substantial increase of 4.7% compared to May 2023. Active listings stood at 492 in May 2024, marking an increase of 62 listings compared to May 2023. The average days on market witnessed a decrease of 3 days compared to May 2023.

One of the significant indicators of market balance, the months of inventory, stood at a healthy 1 month in May 2024. Adding five to seven months of inventory would be a healthier situation. This level of inventory indicates a market environment that provides limited opportunity for buyers while also ensuring competitiveness for sellers.

Moving forward, it’s crucial for buyers and sellers to remain informed and seek advice from a real estate professional to navigate the changing landscape effectively.

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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PWAR Market Statistics

June 2023 Market Statistics

June 2023 Market Statistics

PRINCE WILLIAM COUNTY JUNE 2023 MARKET STATISTICS WOODBRIDGE, VA. July 11th – Bright MLS, Smartcharts, a leading provider of real estate data and insights, has released its comprehensive report on the latest market statistics for June 2023 in the local area. This...

June 2023 Market Statistics

May 2023 Market Statistics

PRINCE WILLIAM COUNTY MAY 2023 MARKET STATISTICS WOODBRIDGE, VA. June 13th – Bright MLS, Smartcharts has released the latest real estate market statistics for May 2023 in our area, providing valuable insights into the current state of the market. Let's dive into the...

June 2023 Market Statistics

April 2023 Market Statistics

PRINCE WILLIAM COUNTY APRIL 2023 MARKET STATISTICS WOODBRIDGE, VA. May 15th –Bright MLS, Smartcharts has released the latest real estate market statistics for April 2023 in our area. The data shows a decrease in new listings, closed sales, and median sold price, but...

June 2023 Market Statistics

March 2023 Market Statistics

PRINCE WILLIAM COUNTY MARCH 2023 MARKET STATISTICS WOODBRIDGE, VA. April 14th – It is once again time to look at a new set of market statistics. Using data provided by Bright MLS, SmartCharts generates stats that give readers a valuable overview of the current housing...

October 2022 Market Statistics

October 2022 Market Statistics

PRINCE WILLIAM COUNTY OCTOBER 2022 MARKET STATISTICS WOODBRIDGE, VA. November 14th – This month has brought in a new set of market statistics hot off the press and ready to be read. The stats, generated by SmartCharts, and gathered through data provided by Bright MLS,...