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Local Highlights, Market Trends, Market Updates
By Real Nova Network – July 2025
After a bustling spring season, Prince William County’s real estate market is showing signs of cooling down as we move into the heart of summer. While prices remain stable, transaction volume continues its year-over-year slide — creating a more balanced landscape for both buyers and sellers in this historically fast-paced Northern Virginia market.
Sales Activity Softens, But Not Alarmingly
In June 2025, the county recorded 509 closed home sales, a slight decline from 522 in May and down nearly 6% from June 2024. New pending contracts also dipped, with 503 homes going under contract, signaling a potential slowdown ahead. For context, that’s about 21% below the county’s five-year June average.
This cooling isn’t necessarily a cause for concern. Year-to-date, Prince William has closed 2,400 transactions, down 6% from the same point in 2024. But it’s important to remember that the previous years were unusually fast-paced — especially coming off pandemic-driven buying frenzies.
Prices Hold Strong Despite Fewer Bidding Wars
The median sold price in June held steady at $600,000, flat from May but down 5.5% year-over-year. However, this price point still sits well above the five-year June average of $561,900 — a testament to the county’s long-term price appreciation.
Average sold prices varied by property type:
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Detached homes averaged $750,034, nearly flat year-over-year.
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Attached/townhomes averaged $485,353, down nearly 3%.
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The overall average sold price across all homes was $642,182 — a 1.2% decline from last June.
Sellers Face a Slightly More Patient Buyer Pool
Homes are taking longer to sell, with average days on market (DOM) rising to 16, compared to just 10 days in June 2024. That’s a 60% increase, and the highest June DOM figure since 2020. Yet homes that are priced well still move quickly — 267 of the 509 homes sold in June went under contract within 10 days, suggesting demand remains active when listings are compelling.
The average sold-to-original-list-price ratio dipped slightly to 100.1%, compared to 101.4% a year ago. This indicates fewer multiple-offer scenarios, but most sellers are still getting very close to their asking price.
Inventory Rises, Easing Pressure on Buyers
Perhaps the most notable shift this summer is on the supply side. Active listings jumped to 678 homes, a dramatic 42% increase from June 2024. That’s the highest June inventory level in five years and matches the county’s long-term average.
New listings, however, are down nearly 10% year-over-year, indicating that much of the inventory buildup may be homes sitting longer rather than a surge in new seller activity.
Financing Trends: Conventional Still Dominates
Of the June closings, 312 homes were financed using conventional loans, while 94 used VA loans, and 53 were cash purchases. FHA financing accounted for 42 transactions, underscoring the broad affordability profile of the Prince William market.
What It Means for Buyers and Sellers
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Buyers now have more choices, more time, and slightly more negotiating power. But don't expect a buyer's market — demand is still strong, especially in popular communities like Bristow, Gainesville, and Lake Ridge.
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Sellers should continue to price competitively and stage effectively. While homes are selling, they’re not flying off the shelves as they were in 2022–2023.
Final Thoughts from Chris Colgan
“Prince William County is entering a more balanced market this summer,” says Chris Colgan of Colgan Team – eXp Realty. “We’re seeing more opportunities for move-up buyers and fewer bidding wars. If you're considering making a move, this could be your window — especially before rates or inventory shift again.”
Stay Informed
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