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| OCTOBER 2024 | |||
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| Units Sold 458 |
Active Inventory 543 |
Median Sale Price $550,000 |
Days On Market 19 |
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| Up 13% Vs. Year Ago |
Up 1% Vs. Year Ago |
Up 7% Vs. Year Ago |
No Change Vs. Year Ago |
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Units Sold
There was an increase in total units sold in October, with 458 sold this month in Prince William County Real Estate versus 417 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 13% versus October 2023. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 6 units or 1%. The total number of active inventory this October was 543 compared to 537 in October 2023. This month's total of 543 is lower than the previous month's total supply of available inventory of 697, a decrease of 22%. |
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Median Sale Price
Last October, the median sale price for Prince William County Homes was $514,750. This October, the median sale price was approximately the same at $550,000. The current median sold price is 7% higher than in October 2023. 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 415 |
Current Contracts 455 |
Sold Vs. List Price 100.4% |
Months of Supply 1.2 |
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| Down -2% Vs. Year Ago |
Up 23% Vs. Year Ago |
No Change Vs. Year Ago |
Down -11% Vs. Year Ago |
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Months of Supply
In October, there was 1.2 months of supply available in Prince William County, compared to 1.3 in October 2023. That is a decrease of 11% 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 415 homes newly listed for sale in Prince William County compared to 422 in October 2023, a decrease of 2%. There were 455 current contracts pending sale this October compared to 370 a year ago. The number of current contracts is 23% higher than last October. |
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Sale Price to List Price Ratio
In October, the average sale price in Prince William County was 100.4% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 19, which is similar compared to a year ago. | |||
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| *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. |
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