CHANTILLY AND SOUTH RIDING HOUSING MARKET DATA

There was an increase in total units sold in March, with 23 sold this month in Chantilly and South Riding Real Estate versus 21 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 21% versus March 2024.

Versus last year, the total number of homes available this month is lower by 8 units or 22%. The total number of active inventory this March was 28 compared to 36 in March 2024. This month's total of 28 is lower than the previous month's total supply of available inventory of 31, a decrease of 10%.

Last March, the median sale price for Chantilly and South Riding Homes was $673,000. This March, the median sale price was $829,451, an increase of 23% or $156,451 compared to last year. The current median sold price is 2% lower than in February.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In March, there was 1.2 months of supply available in Chantilly and South Riding, compared to 1.9 in March 2024. That is a decrease of 36% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 35 homes newly listed for sale in Chantilly and South Riding compared to 48 in March 2024, a decrease of 27%. There were 33 current contracts pending sale this March compared to 34 a year ago. The number of current contracts is 3% lower than last March.

In March, the average sale price in Chantilly and South Riding was 102.6% of the average list price, which is 1.1% lower than at this time last year.

This month, the average number of days on market was 19, higher than the average last year, which was 7. This increase was impacted by the limited number of sales.





FOCUS ON: CHANTILLY AND SOUTH RIDING HOUSING MARKET			MARCH 2025

Zip Code(s): 20152
Units Sold 23	Active Inventory 28	Median Sale Price $829,451	Days On Market 19

Up 21% Vs. Year Ago	Down -22% Vs. Year Ago	Up 23% Vs. Year Ago	Up Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 23 sold this month in Chantilly and South Riding Real Estate versus 21 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 21% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 8 units or 22%. The total number of active inventory this March was 28 compared to 36 in March 2024. This month's total of 28 is lower than the previous month's total supply of available inventory of 31, a decrease of 10%.
		Median Sale Price Last March, the median sale price for Chantilly and South Riding Homes was $673,000. This March, the median sale price was $829,451, an increase of 23% or $156,451 compared to last year. The current median sold price is 2% lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 35	Current Contracts 33	Sold Vs. List Price 102.6%	Months of Supply 1.2

Down -27% Vs. Year Ago	Down -3% Vs. Year Ago	Down -1.1% Vs. Year Ago	Down -35% Vs. Year Ago


		Months of Supply In March, there was 1.2 months of supply available in Chantilly and South Riding, compared to 1.9 in March 2024. That is a decrease of 36% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 35 homes newly listed for sale in Chantilly and South Riding compared to 48 in March 2024, a decrease of 27%. There were 33 current contracts pending sale this March compared to 34 a year ago. The number of current contracts is 3% lower than last March.
		Sale Price to List Price Ratio In March, the average sale price in Chantilly and South Riding was 102.6% of the average list price, which is 1.1% lower than at this time last year. Days on Market This month, the average number of days on market was 19, higher than the average last year, which was 7. This increase was impacted by the limited number of sales.


	Chantilly and South Riding are defined as properties listed in zip code/s 20152.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.