April 2025 Housing Market Update: Is It Finally a Buyer’s Market in Northern Virginia?

By Chris Colgan, EXP Realty | ColganTeam.com

The April 2025 real estate numbers are in—and if you're wondering whether we're finally entering a buyer's market in Northern Virginia, the answer is... not quite. But the tide is turning.

With inventory climbing fast, competition softening, and prices still rising in most counties, today’s market is dramatically different from what we saw in the pandemic years. Buyers finally have room to breathe, and sellers are facing a new reality.

Let’s break down the latest numbers and what they mean for you.

Northern Virginia & D.C. Metro Snapshot (April 2025)

• Median Home Price: $655,215 — up 2.4% YoY

• Closed Sales: 4,454 — down 1.4%

• Active Listings: 9,815 — up 49.4% YoY

• New Listings: 6,063 — up 1.7%

• New Pending Sales: 5,029 — down 6.6%

• Median Days on Market: 7 days (up slightly)

Bottom line? Inventory is way up, but homes are still selling fast—just not quite as fast as last year.

County-by-County Highlights

Alexandria, VA

• Median Price: $790,000 ( 5.3%)

• Active Listings: 99% YoY

• Closed Sales: Down 12.8%
  Buyers here have more options than they’ve had in years.

Arlington, VA

• Median Price: $810,000 ( 3.5%)

• Active Listings: 67.4%

• Closed Sales: Down 9.5%
  Arlington remains hot, but buyers have room to negotiate.

Fairfax County, VA

• Median Price: $775,000 ( 3.3%)

• Active Listings: 1,664 — up 62%

• New Listings: Up 7.5%
  Homes here are still moving fast with an average DOM of 13.

Loudoun County, VA

• Median Price: $805,000 ( 3.4%)

• Closed Sales: Up 6.3%

• Inventory: 58.8%
  Loudoun is booming with higher prices and more homes to choose from.

Prince William County, VA

• Median Price: $593,000 ( 4.0%)

• Closed Sales: Up 11.7%

• Inventory: 55.8%
  One of the few counties where both sales and prices are rising quickly.

Stafford County, VA

• Median Price: $539,000 ( 4.3%)

• Closed Sales: Down 25%
  Inventory up 48.5%, giving buyers serious leverage.

What Bright MLS Agents Are Seeing

A recent Bright MLS survey of over 1,000 agents revealed:

• 40% of buyers found a home in under a month

• 50% succeeded with just one offer (vs. bidding wars in 2022)

• 45% still made compromises, mainly on location or home condition

• 80% of agents say it’s easier to qualify for a mortgage now

• Mortgage rates are still around 7%, but buyer confidence is rising.

Where the Market Is Heading

Even with more inventory and higher days on market, sellers are still holding onto price in most areas. However, the power dynamic is clearly shifting.

• If you’re buying: You have more negotiating power than you’ve had in years.

• If you’re selling: Pricing correctly and prepping your home is critical to avoid sitting stale.

This spring and summer could be the sweet spot for buyers to get in before rates fall further and demand picks back up again.

Final Thoughts

We're not fully in a buyer’s market yet, but Northern Virginia is certainly no longer in full seller-control mode. More listings, fewer bidding wars, and increased buyer activity make this one of the most balanced markets we've seen since 2019.

✅ Ready to Make a Move?

If you're thinking about buying or selling in Northern Virginia, let’s talk. I’m Chris Colgan, a top-producing agent with EXP Realty. My team and I have sold over $1B in real estate, and we know how to win in any market.

Serving Loudoun, Fairfax, Prince William, Arlington, Alexandria, and beyond.

Email us at: info@colganteam.com
DM me on Instagram: @chriscolganteam
Search homes now: www.colganteam.com

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