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Northern Virginia Market Quarterly - 4th Quarter 2018
January 7th, 2019 4:53 AM

There were 6,053 single family residential properties sold in the Northern Virginia real estate market in the 4th quarter 2018. This is down from 6,551 units sold during the same period a year earlier and down from 7,931 units sold in the previous quarter.    

The median sold price for single family residential properties in the 4th quarter was $527,882.  This is down from a median sold price of $537,419 in the previous quarter but up from $511,021 for the same period in 2017.  

Sold prices ranged $27,500 - $6,300,000 in the 4th quarter.  Days-on-market ranged 0 - 1,051 days with a median DOM of 46 days.  The median sold price as a percentage of the median original list price was 98%.  

There were 2,005 condominium unit sales in the 4th quarter 2018, down from 2,319 units sold in the 3rd quarter but up slightly from 1,991 units sold during the 4th quarter 2017.  The sold prices ranged $35,000 - $1,430,000 with a median sold price of $295,000.  This is up from slightly from a median sold price of $292,700 in the previous quarter and also up from $290,000 year-over-year.  The median days on market was 44 days in the 4th quarter with a median sold price as a percentage of the original list price of 98%. 

The Northern Virginia real estate market includes: Alexandria City, Arlington County, Fairfax County, Fairfax City, Falls Church City, Fauquier County, Loudoun County, Manassas City, Manassas Park City, and Prince William County.

Alexandria City Real Estate:

There were 337 single family residential sales in the City of Alexandria in the 4th quarter.  The sold prices ranged $155,000 - $2,825,000 with a median sold price of $720,000.  This is up from a median sold price of $715,000 in the previous quarter and also up from a median sold price of $661,000 during the same period in the 4th quarter 2017.  The days-on-market ranged from 0 - 414 days with a median days-on market of 37 days.  The median sold price as a percentage of the original list price was 99% in the 4th quarter.     

The median sold price for condominium units in the City of Alexandria market was $295,000 in the 4th quarter with 330 units sold and a sold price range of $104,000 - $1,265,000.  This is down from a median sold price of $303,425 year over year and down only slightly from $296,750 in the previous quarter.  The median sold price as a percentage of the original list price was 99% with a median days-on-market of 48 days.

Check our Alexandria City Monthly Market Updates.

   Call today for all of your real estate appraisal needs in Alexandria City!

Arlington County Real Estate:

There were a total of 306 single family residential sales for the 4th quarter in Arlington County.  Sold prices ranged $229,000 - $4,325,000 with a median sold price of $867,500, up from a median sold price of $795,150 year-over-year and up slightly  from $865,000 in the 3rd quarter 2018. Days-on-market ranged from 0 - 654 days with a median days-on-market of 36 days.  The median sold price as a percentage of the original list price was 99%.    

There were 369 condominium unit sales in Arlington County with a sold price range of $35,000 - $1,430,000 and a median sold price of $395,000.  This is unchanged from a median sold price of $395,000 with 420 units sold in the previous quarter but down slightly from $398,500 year-over-year with 372 units sold.   Days-on-market ranged 0-376 days in the 4th quarter with a median DOM of 44 days. The median sold price as a percentage of the original list price was 99%. 

Check our Arlington County Monthly Market Updates.

   Call today for your real estate appraisal needs  in Arlington County!

Fairfax County Real Estate:

There were a total of 2,537 single family residential sales in the Fairfax County market in the 4th quarter 2018.  The median sold price was $555,000, down from an average sold price of $574,950 in the previous quarter but up from $545,000 year-over-year with 2,653 units sold.  The sold prices ranged from a low of $52,000 to a high of $6,300,000 in the 4th quarter with a median days-on-market of 46 days.  The median sold price as a percentage of the original list price was 98%.   

There were 790 residential condominium units sold in Fairfax County for the 4th quarter, down from 849 units in the previous quarter but also up from 719 units sold during the 4th quarter 2017. The sold price range was $115,000 - $1,325,000 with a median sold price of $270,000.  This is up slightly from a median sold price of $268,000 year-over-year and unchanged from $270,000 in the previous quarter.  The median sold price as a percentage of the original list price was 98% with a median days-on-market of 46 days. 

Check out our Fairfax County Monthly Market Updates.

   Call today for your real estate appraiser needs in Fairfax County!

Fairfax City Real Estate:

There were 64 single family residential sales in the Fairfax City market in the 4th quarter with a median sold price of $595,000.  This is up from a median sold price of $575,000 with 68 sales in the previous quarter and also up year-over-year from $560,000.   The sold price range was $275,000 - $1,250,000 in the 4th quarter with a median days-on-market of 50 days. The median sold price as a percentage of the original list price was 97%.

There were 26 residential condominium unit sales in the 4th quarter.  The sold prices ranged $120,000 - $860,598 with a median sold price of $241,500 . The median days-on-market was 46 days and the median sold price as a percentage of the median original list price was 98%. 

   Call today for your real estate appraiser needs in Fairfax City!

Falls Church City Real Estate:

There were 41 sales of single family residential properties in City of Falls Church for the 4th quarter with a median sold price $894,900 and a sold price range of $555,000 - $1,700,000.  This is down slightly from $902,000 in the 3rd quarter and up from $800,000 for the same period in 2017.   The median sales-to-list price ratio based on the original list price was 99% in the 4th quarter with a median days-on-market of 29 days.

There were 10 condominium unit sales in Falls Church City with a median sold price of $405,000 and a range of $194,500 - $819,000. The median days-on-market was 38 days and the median sales price as a percentage of the original list price was 98%.

   Call today for all of your real estate appraiser needs in Falls Church City!

Loudoun County Real Estate:

There were a total of 1,141 single family residential properties sold in the Loudoun County market in the 4th quarter 2018 with a median sold price of $525,000 and a sold price range of $106,000 - $2,600,000. This unchanged from an average sold price of $525,00 with 1,524 units sold in the previous quarter and up slightly from $523,000 with 1,329 units sold year-over-year.   The days-on-market ranged 0 - 1,051 days with a median DOM of 44 days. The median sold price to original list-price ratio was 99%.     

There were 235 condominium unit sales in the 4th quarter, down from 243 units sold during the same period in 2017.  The median sold price was $313,000, up from $305,000 year-over-year.   The sold price range was $93,350 - $684,990 with a median days-on-market of 41 days. The median sold price as a percentage of the original list price was 99% in the 4th quarter.

Check out our Loudoun County Monthly Market Updates.

   Call us today for all of your real estate appraiser needs in Loudoun County!

Manassas City Real Estate:

There were 108 single family residential sales in the City of Manassas in the 4th quarter with a sold price range of $178,000 - $725,000. The median sold price was $332,500, down from a median sold price $337,500 in the previous quarter and also down from of $339,000 in year-over-year.  The median days-on-market was 44 days in the 4th quarter with a range of 0 - 166 days. The median sold price as a percentage of the original list price was 99%.

There were 27 condominium unit sales in the 4th quarter with a sold price range of $150,000 - $409,990 and a median sold price of $220,000.  This is down from a median sold price of $227,000 in the previous quarter but up from a median sold price of $182,000 for the same period a year earlier.

   Call us for your real estate appraisal needs Manassas City!

Manassas Park City:

There were 37 single family residential sales in the Manassas Park City market during the 4th quarter.  The sold price range was $218,500 - $510,000. The median sold price was $315,000, up from $304,500 in the previous quarter and also up from $279,900 for the same period in 2017. The median days-on-market was 33 days and the median sold price as a percentage of the original list price was 100% in the 4th quarter.

There were 6 condominium unit sales in Manassas Park City with a sold price range of $175,000 - $273,200 and a median sold price of $242,350.   This is up from a median sold price of $223,200 in the previous quarter and also up from $215,000 year-over-year.  The sales price to list price ratio was 100% in the 4th quarter with a median days-on-market was 31 days.  

   Call us today for your real estate appraisal needs in Manassas Park City!

Prince William County Real Estate:

There were a total of 1,264 single family residential sales in the Prince William County market in the 4th quarter, down from 1,460 units sold during the same period in 2107. The median sales price was $375,000 with a sold price range of $100,000 - $1,500,000.  This is down from a median sold price of $385,000 in the previous quarter but up from $364,563 during 4th quarter 2017. The median days-on-market was 40 days in the 4th quarter.  The median sold price as a percentage of the average original list price was 99%. 

There were 196 condominium unit sales in the Prince William County market in the 4th quarter, down slightly from 203 sold in the 4th quarter 2017.  Sold prices have ranged $117,900 - $700,000 with an median sold price of $275,500.  This is up from a median sold price of $270,000 in the previous quarter and also up from $257,582 for the same period a year earlier.  The median days on market was 50 days in the 4th quarter with a sales-to-list-price ratio was 98%.  

Check out our Prince William County Monthly Market Updates.


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Posted by Erol Sevin on January 7th, 2019 4:53 AMPost a Comment

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