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FOCUS ON: PRINCE WILLIAM COUNTY HOUSING MARKET |
APRIL 2025 |
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Units Sold
518 |
Active Inventory
675 |
Median Sale Price
$586,750 |
Days On Market
14 |
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Up 8%
Vs. Year Ago |
Up 15%
Vs. Year Ago |
Up 3%
Vs. Year Ago |
Up 17%
Vs. Year Ago |
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Units Sold
There was an increase in total units sold in April, with 518 sold this month in Prince William County Real Estate. This month's total units sold was higher than at this time last year.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 89 units or 15%. The total number of active inventory this April was 675 compared to 586 in April 2024. This month's total of 675 is lower than the previous month's total supply of available inventory of 691, a decrease of 2%.
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Median Sale Price
Last April, the median sale price for Prince William County Homes was $570,000. This April, the median sale price was $586,750, an increase of 3% or $16,750 compared to last year. The current median sold price is 8% higher than in March.
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
627 |
Current Contracts
561 |
Sold Vs. List Price
100.9% |
Months of Supply
1.3 |
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Down -10%
Vs. Year Ago |
Up 4%
Vs. Year Ago |
Down -1.3%
Vs. Year Ago |
No Change
Vs. Year Ago |
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Months of Supply
In April, there was 1.3 months of supply available in Prince William County. The amount of supply is similar compared to 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 627 homes newly listed for sale in Prince William County compared to 695 in April 2024, a decrease of 10%. There were 561 current contracts pending sale this April compared to 538 a year ago. The number of current contracts is 4% higher than last April.
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Sale Price to List Price Ratio
In April, the average sale price in Prince William County was 100.9% of the average list price, which is 1.4% lower than at this time last year.
Days on Market
This month, the average number of days on market was 14, higher than the average last year, which was 12, an increase of 17%.
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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. |