Is Vienna, 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, Vienna was a Seller's Market.
Key Takeaway
Vienna is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Vienna, VA
How much do homes in Vienna, VA cost?
Median Sold Price
$1,050,475
$374/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Vienna have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Vienna was $1,050,475 in March 2024, down 0.9% from last year, and the median price per square foot was $374.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $312.5K | +9.6% |
| 2 Bedrooms | $408K | $410K | 0.5% |
| 3 Bedrooms | $760K | $820K | +7.9% |
| 4 Bedrooms | $962.5K | $1.0M | +8.1% |
| 5+ Bedrooms | $1.6M | $1.5M | -6.3% |
Summary: Vienna housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 6.3%.
Median Sold Price Compared To Nearby Cities
| Hunter Mill | $658.3K | $703.1K | +6.8% |
| Providence | $616.1K | $635.2K | +3.1% |
| Vienna | $1.0M | $1.0M | -0.9% |
Housing Supply in Vienna, VA
How many homes are available in Vienna, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 318 | 326 | +2.5% |
Summary: The Vienna real estate market had 326 homes for sale in March 2024, a 2.5% 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 | 13 | 12 | -7.7% |
| 3 Bedrooms | 36 | 38 | +5.6% |
| 4 Bedrooms | 75 | 71 | -5.3% |
| 5+ Bedrooms | 192 | 204 | +6.3% |
Summary: The Vienna 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 decreased by 7.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 | 44 | -12.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vienna, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 44 homes were sold or pending in Vienna in March 2024, down by 12.0% month-over-month. Of the 44 sold homes, 23% were sold under asking, 23% were sold at asking, and 55% were sold over asking.
Days on Market for Vienna, VA
How long does it take to sell a home in Vienna, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 26 Days | 7 Days | -70.9% |
Summary: Homes in Vienna had an average of 7 days on market in Mar 2024, down by 70.9% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
2 Homes Were 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 March 2024, 44 homes were sold in Vienna; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
