SEPTEMBER 2021 PRINCE WILLIAM HOUSING MARKET: HOUSING PRICES ON THE RISE
WOODBRIDGE, VA. October 21, 2021—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 881 homes were sold in September 2021, a slight decrease of 1.9 percent compared to September 2020 at 898. The number of pending sales also saw a decrease of 2.8 percent year-over-year, from 909 to 884. New listings showed an increased percentage year-over-year, with 1,137 new listings, as opposed to 1,097 in September 2020. PWAR had more active listings available last month with 622 active listings in September 2021, compared to 413 in 2020; a difference of 50.6 percent. The median sold price of homes saw an increase of 12.2 percent to $460,000 as compared to $410,000 last year. The average days on the market increased to 14 in September 2021, as opposed to 13 in 2020.
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.