Selling a home? Get a free home value report
Buying a home? Search all homes for sale
What’s the latest news from our Northern Virginia/Maryland/Washington DC market? Here are the latest statistics and how they stack up compared to this time last year:
Northern Virginia:
- The median sold price rose 4.65% to $450,000
- The average days on market dropped 19.23% to 63 days—this number is higher because it includes luxury homes, which often take two or three years to sell
- Homes are selling at 98% of their asking price
Maryland:
- The median sold price rose 4.02% to $329,900
- The average days on market dropped 8.43% to 76 days
- Homes are selling at 97.1% of their asking price
Washington DC:
- The median sold price rose 7.77% to $555,000
- The average days on market dropped 14.08% to 61 days
- Homes are selling at 97.5% of asking price
If you’d like to know what these statistics mean for your buying or selling plans or you have any more questions about our market, don’t hesitate to reach out to me. I’d love to speak with you.
