Is Vienna, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Vienna was a Buyer's Market.
Key Takeaway
Vienna is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vienna, MD
How much do homes in Vienna, MD cost?
Median Sold Price
$199,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Vienna have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in Vienna was $199,000 in April 2024, up 13.7% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $150K | -18.9% |
| 2 Bedrooms | $165K | $173.7K | +5.3% |
| 3 Bedrooms | $239K | $225K | -5.9% |
| 4 Bedrooms | $100K | $196.5K | +96.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Vienna housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.9%, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 96.5%, and 5+ bedroom homes did not change.
Housing Supply in Vienna, MD
How many homes are available in Vienna, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Summary: The Vienna real estate market had 7 homes for sale in April 2024, a 40.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Vienna housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Vienna, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Vienna in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Vienna, MD
How long does it take to sell a home in Vienna, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 20 Days | +17.6% |
Summary: Homes in Vienna had an average of 20 days on market in Apr 2024, up by 17.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Vienna are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Vienna; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
