April 2025 Real Estate Snapshot: Prices, Listings & Buyer Activity in NoVA and D.C.

As we settle into spring, the Greater D.C. housing market is beginning to bloom. Fresh inventory, stronger buyer demand, and localized price shifts are energizing real estate activity across the DMV. From Fairfax to Manassas to Montgomery County, this week’s numbers offer key insight into what both buyers and sellers can expect.

More Listings Hitting the Market

Spring has officially brought a welcome wave of new listings to the region.

• Fairfax County led the charge with 415 new listings, an 18.2% increase from this time last year.

• Loudoun County followed with 170 new listings ( 25.9% YoY), while

• Prince William County saw 174 new homes hit the market ( 16.8% YoY).

Buyers now have more options than they did just a few weeks ago—great news for those who’ve been frustrated by low inventory since winter.

Price Trends: Surges and Slips

The median list price in the Greater D.C. area now sits at $620,000, up 3.3% year-over-year. However, pricing varies widely by location:

• Falls Church City saw a dramatic increase to $1.35M ( 54.3% YoY)

• Manassas City also jumped to $599,900 ( 55.8% YoY)

• Meanwhile, Alexandria City saw prices fall to $554,000, a 26.6% decline from last year

The market is clearly dynamic—some areas are in high demand, while others are adjusting to shifting conditions.

Price Drops Reflect Seller Strategy

Despite increased listings, many sellers are still adjusting to buyer expectations.

• In Fairfax County, 9.2% of active listings experienced price reductions

• Loudoun County saw price drops on 11.4% of homes

This suggests that while interest is high, buyers are keeping a close eye on value.

Buyer Interest is Heating Up

The uptick in pending contracts and property showings paints a picture of motivated buyers:

• Loudoun County: 170 homes under contract ( 49.1% YoY)

• Manassas City: 16 pending sales ( 128.6% YoY)

• Fairfax County: 333 homes under contract ( 21.5% YoY)

Showings also reflect this rise in activity. Fairfax County saw a 10.2% increase, while Loudoun County jumped 29.8%—a strong indicator of competition among buyers.

Regionwide Performance

Across the Greater D.C. area:

• 2,338 new listings were added ( 18.4% YoY)

• 1,890 new contracts were signed ( 18.3% YoY)

• 30,285 showings took place—down 16% YoY but up 8.4% week-over-week

This steady week-over-week momentum shows promising signs as the region moves toward peak buying season.

The spring real estate market in Northern Virginia and the Greater D.C. area is picking up speed. We’re seeing a noticeable increase in available homes and motivated buyers who are ready to act. For sellers, this is an opportunity to enter the market with a solid pricing strategy. For buyers, now is the time to stay alert and prepared.

Stay updated weekly to track evolving trends in the dynamic Greater D.C. real estate market. For more detailed information, visit BrightMLS.com/DCtracker.

If you're curious about how these trends impact your specific neighborhood or plans, don’t hesitate to get in touch. Click here and let’s connect for a tailored, one-on-one market consultation that fits your goals.