Is Chantilly, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Chantilly was a Seller's Market.
Key Takeaway
Chantilly is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Chantilly, VA
How much do homes in Chantilly, VA cost?
Median Sold Price
$729,000
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Chantilly have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Chantilly was $729,000 in March 2024, up 9.3% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $300.5K | +17.8% |
| 2 Bedrooms | $347.5K | $391.2K | +12.6% |
| 3 Bedrooms | $560K | $620.3K | +10.8% |
| 4 Bedrooms | $852.5K | $845K | -0.9% |
| 5+ Bedrooms | $995K | $1.0M | +8.0% |
Summary: Chantilly housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.8%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 10.8%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Cities
| Chantilly | $666.8K | $729K | +9.3% |
| Sully | $618.6K | $660.2K | +6.7% |
| Gainesville | $554.8K | $588.1K | +6.0% |
| Dulles | $747.6K | $761.5K | +1.9% |
Housing Supply in Chantilly, VA
How many homes are available in Chantilly, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 162 | 191 | +17.9% |
Summary: The Chantilly real estate market had 191 homes for sale in March 2024, a 17.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 7 | 13 | +85.7% |
| 3 Bedrooms | 64 | 75 | +17.2% |
| 4 Bedrooms | 58 | 68 | +17.2% |
| 5+ Bedrooms | 31 | 34 | +9.7% |
Summary: The Chantilly housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 85.7%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 9.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 29 | -9.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chantilly, you could pay more than the asking price. 75.9% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Chantilly in March 2024, down by 9.4% month-over-month. Of the 29 sold homes, 10% were sold under asking, 14% were sold at asking, and 76% were sold over asking.
Days on Market for Chantilly, VA
How long does it take to sell a home in Chantilly, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 5 Days | 6 Days | +9.1% |
Summary: Homes in Chantilly had an average of 6 days on market in Mar 2024, up by 9.1% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chantilly are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 29 homes were sold in Chantilly; 97% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
