Lorton, Mason Neck, and Fort Belvoir Housing Market Data

There was a decrease in total units sold in September, with 41 sold this month in Lorton, Mason Neck, and Fort Belvoir Real Estate versus 46 last month, a decrease of 11%. This month's total units sold was lower than at this time last year, a decrease of 28% versus September 2020.

Versus last year, the total number of homes available this month is lower by 3 units or 5%. The total number of active inventory this September was 52 compared to 55 in September 2020. This month's total of 52 is lower than the previous month's total supply of available inventory of 60, a decrease of 13%.

Last September, the median sale price for Lorton, Mason Neck, and Fort Belvoir Homes was $575,301. This September, the median sale price was $576,900, which is similar compared to a year ago. The current median sold price is 23% higher than in August.

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

In September, there was 1.3 months of supply available in Lorton, Mason Neck, and Fort Belvoir, compared to 1.0 in September 2020. That is an increase of 31% 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 44 homes newly listed for sale in Lorton, Mason Neck, and Fort Belvoir compared to 69 in September 2020, a decrease of 36%. There were 41 current contracts pending sale this September compared to 49 a year ago. The number of current contracts is 16% lower than last September.

In September, the average sale price in Lorton, Mason Neck, and Fort Belvoir was 99.7% of the average list price, which is 0.7% lower than at this time last year.

This month, the average number of days on market was 15, lower than the average last year, which was 18, a decrease of 17%.





Focus On: Lorton, Mason Neck, and Fort Belvoir Housing Market			September 2021

Zip Code(s): 22079 and 22060
Units Sold 41	Active Inventory 52	Median Sale Price $576,900	Days On Market 15

Down -28% Vs. Year Ago	Down -5% Vs. Year Ago	No Change Vs. Year Ago	Down -17% Vs. Year Ago


		Units Sold There was a decrease in total units sold in September, with 41 sold this month in Lorton, Mason Neck, and Fort Belvoir Real Estate versus 46 last month, a decrease of 11%. This month's total units sold was lower than at this time last year, a decrease of 28% versus September 2020.
Active Inventory Versus last year, the total number of homes available this month is lower by 3 units or 5%. The total number of active inventory this September was 52 compared to 55 in September 2020. This month's total of 52 is lower than the previous month's total supply of available inventory of 60, a decrease of 13%.
		Median Sale Price Last September, the median sale price for Lorton, Mason Neck, and Fort Belvoir Homes was $575,301. This September, the median sale price was $576,900, which is similar compared to a year ago. The current median sold price is 23% higher than in August. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 44	Current Contracts 41	Sold Vs. List Price 99.7%	Months of Supply 1.3

Down -36% Vs. Year Ago	Down -16% Vs. Year Ago	Down -0.7% Vs. Year Ago	Up 32% Vs. Year Ago


		Months of Supply In September, there was 1.3 months of supply available in Lorton, Mason Neck, and Fort Belvoir, compared to 1.0 in September 2020. That is an increase of 31% 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 44 homes newly listed for sale in Lorton, Mason Neck, and Fort Belvoir compared to 69 in September 2020, a decrease of 36%. There were 41 current contracts pending sale this September compared to 49 a year ago. The number of current contracts is 16% lower than last September.
		Sale Price to List Price Ratio In September, the average sale price in Lorton, Mason Neck, and Fort Belvoir was 99.7% of the average list price, which is 0.7% lower than at this time last year. Days on Market This month, the average number of days on market was 15, lower than the average last year, which was 18, a decrease of 17%.


	Lorton, Mason Neck, and Fort Belvoir are defined as properties listed in zip code/s 22079 and 22060.
	*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.