Is Dulles, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Dulles has remained a Seller's Market.
Key Takeaway
Dulles is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dulles, VA
How much do homes in Dulles, VA cost?
Median Sold Price
$776,397
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dulles have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Dulles was $776,397 in May 2024, up 4.8% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $298.5K | $305.5K | +2.3% |
| 2 Bedrooms | $418.1K | $435K | +4.0% |
| 3 Bedrooms | $583.8K | $630.1K | +7.9% |
| 4 Bedrooms | $875K | $875.4K | 0.0% |
| 5+ Bedrooms | $1.1M | $1.2M | +8.5% |
Summary: Dulles housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 7.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 8.5%.
Housing Supply in Dulles, VA
How many homes are available in Dulles, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 403 | 460 | +14.1% |
Summary: The Dulles real estate market had 460 homes for sale in May 2024, a 14.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 20 | 27 | +35.0% |
| 3 Bedrooms | 151 | 183 | +21.2% |
| 4 Bedrooms | 126 | 135 | +7.1% |
| 5+ Bedrooms | 103 | 112 | +8.7% |
Summary: The Dulles housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 35%, 3 bedroom homes increased by 21.2%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 8.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 139 | 111 | -20.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
71 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dulles, you could pay more than the asking price. 64% of homes here sold above asking price last month.
Summary: A total of 111 homes were sold or pending in Dulles in May 2024, down by 20.1% month-over-month. Of the 111 sold homes, 13% were sold under asking, 23% were sold at asking, and 64% were sold over asking.
Days on Market for Dulles, VA
How long does it take to sell a home in Dulles, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 6 Days | -7.5% |
Summary: Homes in Dulles had an average of 6 days on market in May 2024, down by 7.5% compared to last year.
Breakdown of Home Sale Times
108 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Dulles are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 111 homes were sold in Dulles; 97% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
