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FOCUS ON: LORTON, MASON NECK, AND FORT BELVOIR HOUSING MARKET |
MAY 2025 |
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Zip Code(s): 22079 and 22060 |
Units Sold
28 |
Active Inventory
58 |
Median Sale Price
$776,500 |
Days On Market
22 |
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Down -13%
Vs. Year Ago |
Up 45%
Vs. Year Ago |
Up 17%
Vs. Year Ago |
Up
Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in May, with 28 sold this month in Lorton, Mason Neck, and Fort Belvoir Real Estate versus 30 last month, a decrease of 7%. This month's total units sold was lower than at this time last year, a decrease of 13% versus May 2024.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 18 units or 45%. The total number of active inventory this May was 58 compared to 40 in May 2024. This month's total of 58 is higher than the previous month's total supply of available inventory of 49, an increase of 18%.
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Median Sale Price
Last May, the median sale price for Lorton, Mason Neck, and Fort Belvoir Homes was $662,500. This May, the median sale price was $776,500, an increase of 17% or $114,000 compared to last year. The current median sold price is 4% lower than in April.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
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New Listings
50 |
Current Contracts
31 |
Sold Vs. List Price
101.4% |
Months of Supply
2.1 |
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Up 25%
Vs. Year Ago |
Down -9%
Vs. Year Ago |
Down -1.1%
Vs. Year Ago |
Up 66%
Vs. Year Ago |
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Months of Supply
In May, there was 2.1 months of supply available in Lorton, Mason Neck, and Fort Belvoir, compared to 1.3 in May 2024. That is an increase of 66% 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.
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New Listings & Current Contracts
This month there were 50 homes newly listed for sale in Lorton, Mason Neck, and Fort Belvoir compared to 40 in May 2024, an increase of 25%. There were 31 current contracts pending sale this May compared to 34 a year ago. The number of current contracts is 9% lower than last May.
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Sale Price to List Price Ratio
In May, the average sale price in Lorton, Mason Neck, and Fort Belvoir was 101.4% 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 22, higher than the average last year, which was 13. This increase was impacted by the limited number of sales.
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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. |