News Summary

In March 2025, Northern Virginia’s housing market saw a significant 25.7% increase in new listings compared to the same month last year. The total number of homes for sale reached 1,980, representing a 63.6% rise in active listings. Alongside new listings, pending sales increased by 5.5%. Despite a slight decrease in closed sales, the average time on the market was just 18 days. Noteworthy trends included a median home price increase to $755,625, contrasting with a national decline in existing home sales, highlighting Northern Virginia’s resilience in the housing market.

Northern Virginia Reports Significant Upturn in Housing Market for March 2025

Northern Virginia’s housing market experienced a remarkable 25.7% increase in new listings in March 2025 compared to the same month in the previous year. As more existing homeowners opt to sell their homes, either out of choice or necessity, a greater number of properties are now available for potential buyers.

At the end of March 2025, there were 1,980 homes for sale across the region, including houses, townhouses, and condos. This figure represents a significant 63.6% increase in active listings from the previous year. In tandem with the rise in listings, the market saw a 5.5% increase in new pending sales, indicating a heightened activity among buyers.

Closed sales in March remained relatively stable, with an increase of less than 1% compared to March 2024. Properties that went under contract during the month had an average time on the market of 18 days, marking a 12.5% increase in selling time compared to the previous year. Despite this longer duration, it is worth noting that the average of 18 days is still half of the national average of 36 days on the market.

Market Trends Reflect Local Conditions

Interestingly, Northern Virginia defied a national trend, as overall existing home sales across the U.S. saw a 2.4% decline year-over-year. The median price for homes sold in Northern Virginia during March was $755,625, which represents a 3.5% increase from the previous year. The average selling price for homes in the region has also risen to $904,843, up 8.3% from the previous March.

In Alexandria, new listings surged by 32.1% compared to March of last year. In the week ending April 27, 2025 alone, the city saw 70 new listings, a 22.8% increase from the prior week. As of now, Alexandria’s median list price stands at $767,500, an increase of 9.7% from March 2024, although it has fallen by 3.5% compared to the previous week.

Sales Volume and Price Dynamics

This past March, the overall dollar volume of home sales in Northern Virginia rose by 10.5% year-over-year, totaling $1.08 billion. The total number of homes sold also increased by 0.9%, with 1,202 properties changing hands during the month. Notably, Fairfax City reported the highest year-over-year sales increase at 47.4%, while Falls Church saw a significant drop in sales, with a 52.9% decrease compared to last year. Arlington and Alexandria also faced small declines of 2.8% and 1.2%, respectively, while Fairfax County experienced a modest growth of 2.2%.

Supply Trends Indicate Market Balance

The months of supply in Northern Virginia increased to 1.45 months, representing a 58.1% surge from the previous year. This shift reflects a more balanced market, typical of the spring season. Over the same period, the national months of supply rose to 4.0 months, up from 3.2 months a year ago. The increase in inventory and listings suggests that more homeowners are willing to enter the market, seeking opportunities during a traditionally active season.

The Northern Virginia housing market encompasses areas such as Fairfax and Arlington counties, along with the cities of Alexandria, Fairfax, Falls Church, and the towns of Vienna, Herndon, and Clifton. As the months progress, both buyers and sellers will be watching closely to see how these trends develop in the face of changing economic conditions.

Deeper Dive: News & Info About This Topic

• WTOP: Home Listings in Northern Virginia Jump Almost 26%
• Wikipedia: Housing Market
• ALXnow: Housing Inventory Surges in Alexandria
• Google Search: Northern Virginia housing market
• Northern Virginia Magazine: Nova’s Housing Market Saw Increases
• Google Scholar: Northern Virginia real estate
• PR Newswire: Northern Virginia Housing Market Shows Resilience
• Encyclopedia Britannica: Real Estate
• ARLnow: Effect of Government Workforce Contracts on Local Real Estate

Author: STAFF HERE WILLIAMSBURG WRITER

WILLIAMSBURG STAFF WRITER The WILLIAMSBURG STAFF WRITER represents the experienced team at HEREWilliamsburg.com, your go-to source for actionable local news and information in Williamsburg, James City County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Williamsburg Farmers Market, Yorktown Market Days, and Busch Gardens Food & Wine Festival. Our coverage extends to key organizations like the Greater Williamsburg Chamber of Commerce and Colonial Williamsburg Foundation, plus leading businesses in education and hospitality that power the local economy such as College of William & Mary, The Williamsburg Winery, and Sodexo. As part of the broader HERE network, including HEREVirginiaBeach.com, we provide comprehensive, credible insights into Virginia's dynamic landscape.