Northern Virginia and DC Area Latest Housing Market Stats for Week Ending March 23, 2025

Stay informed about the latest trends in the Greater D.C. real estate market with our detailed weekly snapshot. Our experts break down the key statistics to help you understand current market conditions and make informed decisions whether you're buying, selling, or investing.

Current Market Snapshot (Week Ending March 23, 2025)

• Total New Listings: 2,084 (20.1% increase year-over-year)

• Median List Price: $629,894 (7.3% increase year-over-year)

• Listings with Price Drops: 8.8% (2 percentage points higher than last year)

• New Pending Contracts: 1,869 (1.9% increase year-over-year)

• Total Showings: 29,556 (3.5% decrease year-over-year)
  
  

Notable Highlights by Area:

• Alexandria City, VA: Median list price dropped significantly to $645,000, down 11% from last year. Listings increased by nearly 29%.

• Arlington County, VA: Experienced strong price growth, reaching a median of $964,950, up nearly 14% from the previous year despite fewer new listings.

• Fairfax County, VA: The market remains active with median prices rising to $799,950, an increase of over 10% year-over-year.

• Loudoun County, VA: Continues to show strong buyer interest with listings and median prices ($875,000) up notably year-over-year.

• Prince William County, VA: Median prices reached $639,000, indicating continued strong market performance.

• Washington, DC: Median list price rose to $699,000, a healthy increase of 16.5% from the prior year, despite a slight dip in overall activity.

• Montgomery County, MD: Median list price slightly down to $650,000 but showing stability in contract activity.
  
  

Market Trends to Watch:

• High Demand Areas: Arlington and Loudoun Counties in Virginia, along with Washington, DC, show significant price growth and buyer activity.

• Emerging Markets: Manassas City and Manassas Park City in Virginia have seen substantial increases in new listings, suggesting a growing market interest.

• Stable and Growing Prices: Overall, median list prices across the region have increased, demonstrating consistent market strength.
  
  

Strategies for Buyers and Sellers:

• For Buyers: Stay agile and act quickly in competitive markets like Arlington and Loudoun Counties. Prices are rising, and competition is robust.

• For Sellers: Consider strategic pricing to capitalize on the market trends, particularly in areas with rising median prices and high buyer interest.

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

Click here if you are looking to buy or sell a home in the DMV AREA