LORTON, MASON NECK, AND FORT BELVOIR HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in February, with 18 sold this month in Lorton, Mason Neck, and Fort Belvoir Real Estate. This month's total units sold was lower than at this time last year, a decrease from February 2024.

Versus last year, the total number of homes available this month is lower by 14 units or 41%. The total number of active inventory this February was 20 compared to 34 in February 2024. This month's total of 20 is lower than the previous month's total supply of available inventory of 24, a decrease of 17%.

Last February, the median sale price for Lorton, Mason Neck, and Fort Belvoir Homes was $669,500. This February, the median sale price was $677,500, an increase of 1% or $8,000 compared to last year. The current median sold price is 16% lower than in January.

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

In February, there was 1.1 months of supply available in Lorton, Mason Neck, and Fort Belvoir, compared to 1.5 in February 2024. That is a decrease of 28% 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 19 homes newly listed for sale in Lorton, Mason Neck, and Fort Belvoir compared to 43 in February 2024, a decrease of 56%. There were 21 current contracts pending sale this February compared to 25 a year ago. The number of current contracts is 16% lower than last February.

In February, the average sale price in Lorton, Mason Neck, and Fort Belvoir was 100.2% of the average list price, which is 1.6% lower than at this time last year.

This month, the average number of days on market was 32, higher than the average last year, which was 26, an increase of 23%.





FOCUS ON: LORTON, MASON NECK, AND FORT BELVOIR HOUSING MARKET			FEBRUARY 2025

Zip Code(s): 22079 and 22060
Units Sold 18	Active Inventory 20	Median Sale Price $677,500	Days On Market 32

Down Vs. Year Ago	Down -41% Vs. Year Ago	Up 1% Vs. Year Ago	Up 23% Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in February, with 18 sold this month in Lorton, Mason Neck, and Fort Belvoir Real Estate. This month's total units sold was lower than at this time last year, a decrease from February 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 14 units or 41%. The total number of active inventory this February was 20 compared to 34 in February 2024. This month's total of 20 is lower than the previous month's total supply of available inventory of 24, a decrease of 17%.
		Median Sale Price Last February, the median sale price for Lorton, Mason Neck, and Fort Belvoir Homes was $669,500. This February, the median sale price was $677,500, an increase of 1% or $8,000 compared to last year. The current median sold price is 16% lower than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 19	Current Contracts 21	Sold Vs. List Price 100.2%	Months of Supply 1.1

Down -56% Vs. Year Ago	Down -16% Vs. Year Ago	Down -1.6% Vs. Year Ago	Down -28% Vs. Year Ago


		Months of Supply In February, there was 1.1 months of supply available in Lorton, Mason Neck, and Fort Belvoir, compared to 1.5 in February 2024. That is a decrease of 28% 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 19 homes newly listed for sale in Lorton, Mason Neck, and Fort Belvoir compared to 43 in February 2024, a decrease of 56%. There were 21 current contracts pending sale this February compared to 25 a year ago. The number of current contracts is 16% lower than last February.
		Sale Price to List Price Ratio In February, the average sale price in Lorton, Mason Neck, and Fort Belvoir was 100.2% of the average list price, which is 1.6% lower than at this time last year. Days on Market This month, the average number of days on market was 32, higher than the average last year, which was 26, an increase of 23%.


	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.