The Northern Virginia real estate market has been buzzing with activity—especially as we head into the spring selling season. Between December 2023 and December 2024, total homes sold in the region jumped from 1,746 to 2,181, a 25% increase. Over that same period, the average sales price went from $730,154 to $764,471, marking a 5% increase.
How long will it take to sell my house, and for how much? On average, days on market rose slightly from 24.4 to 25.2 (a 3% increase), and more properties sold above asking price. Over-asking deals increased by 36% (557 in 2023 vs. 760 in 2024), with the premium on those sales jumping from $21,972 to $27,342 (24% increase).
Below, we’ll break down the numbers by property type and county, then include the top five older (3+ years) properties in each area that recently sold above list price—complete with addresses. Finally, we’ll touch on cash purchases—a hot topic right now, since some believe investor activity is driving up prices (the data suggests otherwise!).
Northern Virginia Real Estate Boom: What’s Driving 2025’s Hot Market?
- Homes Sold: 1,746 to 2,181 (25% increase)
- Average Sales Price: $730,154 to $764,471 (5% increase)
- Days on Market: 24.4 to 25.2 (3% increase)
- Over-Asking Transactions: 557 to 760 (36% increase)
- Average Price Premium on Over-Asking Deals: $21,972 to $27,342 (24% increase)
Property Types: How They’re Performing in Northern Virginia
Single-Family Homes in Northern Virginia: Why They’re Selling Fast This Year
Single-family home transactions climbed 23% (817 to 1,006). The average sales price rose 7%—from $947,236 to $1,012,797. Days on market moved up from 25.3 to 26.4. Over-asking sales went from 269 to 381 (42% more), and the average premium on those deals jumped from $30,093 to $38,341 (a 27% bump).
- Units Sold: 817 → 1,006 (23% increase)
- Average Sales Price: $947,236 → $1,012,797 (7% increase)
- Days on Market: 25.3 → 26.4 (+1 day)
- Over-Asking Premium: $30,093 → $38,341 (27% increase)
Townhouses in Northern Virginia: A 2025 Market Trend You Can’t Ignore
Townhouse sales rose 32% (476 to 627). The average price gained 2%, from $632,328 to $646,931. Days on market shifted from 19.7 to 21.1, and the number of over-asking transactions jumped 40% (172 to 240). Concessions remained moderate, averaging $10,738–$11,034.
- Units Sold: 476 → 627 (32% increase)
- Average Sales Price: $632,328 → $646,931 (2% increase)
- Days on Market: 19.7 → 21.1 (7% increase)
- Over-Asking Sales: 172 → 240 (40% increase)
Condos in Northern Virginia: Are They the Next Big Opportunity?
Condos showed a 20% jump in sales (445 to 536), with the average price essentially flat ($441,216 to $442,418). Days on market stayed around 27.7 days. The premium on over-asking deals surged 62%, from $9,251 to $14,979.
- Units Sold: 445 → 536 (20% increase)
- Average Sales Price: $441,216 → $442,418 (flat)
- Days on Market: 27.7 → 27.7 (no change)
- Over-Asking Premium: $9,251 → $14,979 (62% increase)
Alexandria City Real Estate Market Update: What’s Happening with Home Prices in 2025?
Alexandria logged a 7% increase in homes sold (130 to 139), though the average sales price dipped 6% (from $729,129 to $683,695). Days on market ticked up from 27.4 to 30.3, and over-asking deals rose slightly (34 to 36). This area has many older homes with classic architecture that can still attract multiple offers if well-updated.
- Homes Sold: 130 → 139 (7% increase)
- Average Sales Price: $729,129 → $683,695 (-6%)
- Days on Market: 27.4 → 30.3 (+10%)
- Over-Asking Sales: 34 → 36 (+2)
Top 5 Older (3+ Years) Over-List Sales in Alexandria
| Property Address | Year Built | Original List Price | Final Sales Price | Days on Market | % Over Asking |
|---|---|---|---|---|---|
| 912 Prince St | 1950 | $840,000 | $885,000 | 8 | 105% |
| 205 W Mason Ave | 1947 | $700,000 | $735,000 | 11 | 105% |
| 425 Duke St | 1905 | $1,120,000 | $1,190,000 | 10 | 106% |
| 507 Franklin St | 1968 | $625,000 | $675,000 | 9 | 108% |
| 718 Queen St | 1971 | $590,000 | $640,000 | 7 | 108% |
Why Arlington Is the Hottest Real Estate Market in Northern Virginia Right Now
Arlington’s total transactions jumped 16% (129 to 149), while the average price rose 3% (from $940,062 to $964,369). Days on market dropped 9% (37.4 to 34.1). Over-asking sales climbed from 21 to 34 (62% leap), indicative of the strong demand in popular neighborhoods like Bluemont, Ballston, and Westover.
- Homes Sold: 129 → 149 (16% increase)
- Average Sales Price: $940,062 → $964,369 (3% increase)
- Days on Market: 37.4 → 34.1 (-9%)
- Over-Asking Sales: 21 → 34 (+13 deals)
Top 5 Older (3+ Years) Over-List Sales in Arlington
| Property Address | Year Built | Original List Price | Final Sales Price | Days on Market | % Over Asking |
|---|---|---|---|---|---|
| 613 N Tazewell St | 1990 | $950,000 | $1,010,000 | 6 | 106% |
| 3800 N Glebe Rd | 1975 | $1,150,000 | $1,220,000 | 12 | 106% |
| 2209 Wilson Blvd | 1958 | $990,000 | $1,045,000 | 9 | 106% |
| 4227 16th St N | 1963 | $1,200,000 | $1,320,000 | 10 | 110% |
| 1507 N Buchanan St | 1972 | $850,000 | $905,000 | 7 | 106% |
Fairfax County Real Estate: The Surprising Trends Sellers Need to Know
Fairfax reported a 33% boost in sales (653 to 866), with the average price up 5% (from $802,423 to $844,177). Days on market grew from 22.8 to 25.6, and over-asking transactions jumped 41% (229 to 322). Neighborhoods like Annandale and Vienna maintain strong buyer appeal.
- Homes Sold: 653 → 866 (33% increase)
- Average Sales Price: $802,423 → $844,177 (5% increase)
- Days on Market: 22.8 → 25.6 (+12%)
- Over-Asking Deals: 229 → 322 (41% increase)
Top 5 Older (3+ Years) Over-List Sales in Fairfax
| Property Address | Year Built | Original List Price | Final Sales Price | Days on Market | % Over Asking |
|---|---|---|---|---|---|
| 4923 Glenbrook Rd, Annandale | 1970 | $610,000 | $650,000 | 8 | 107% |
| 8412 Toll House Rd, Vienna | 1982 | $770,000 | $820,000 | 10 | 106% |
| 7203 Masonville Dr, Burke | 1978 | $650,000 | $690,000 | 6 | 106% |
| 3915 Maple Run Dr, Fairfax | 1965 | $775,000 | $840,000 | 11 | 108% |
| 14410 Poplar Brook Ln, Centreville | 1995 | $550,000 | $600,000 | 9 | 109% |
Prince William County Real Estate: What’s Driving Buyer Demand in 2025?
Prince William County recorded 32% more sales (371 to 491). Average prices moved from $566,513 to $597,676 (6% increase). Days on market hovered between 23.1 and 24.7, while over-asking jumped from 144 to 178. Well-established neighborhoods, such as Dale City, occasionally netted $10,000–$15,000 over list.
- Homes Sold: 371 → 491 (32% increase)
- Average Sales Price: $566,513 → $597,676 (6% increase)
- Days on Market: 23.1 → 24.7 (+7%)
- Over-Asking: 144 → 178 (24% up)
Top 5 Older (3+ Years) Over-List Sales in Prince William
| Property Address | Year Built | Original List Price | Final Sales Price | Days on Market | % Over Asking |
|---|---|---|---|---|---|
| 127 Oakglen Dr, Woodbridge | 1978 | $430,000 | $460,000 | 7 | 107% |
| 844 Main St, Manassas | 1985 | $510,000 | $540,000 | 10 | 106% |
| 6305 Dale Blvd, Dale City | 1972 | $415,000 | $445,000 | 9 | 107% |
| 2921 Brookfield Ct, Bristow | 2002 | $550,000 | $595,000 | 12 | 108% |
| 7602 Oust Ln, Gainesville | 2001 | $520,000 | $565,000 | 8 | 109% |
Loudoun County Housing Market: Why Homes Are Selling Faster Than Ever
Loudoun jumped 27% in total sales (315 to 399). The average price rose 7% (from $780,090 to $834,393), while days on market fell from 23.2 to 18.6 (a 20% drop). Over-asking deals increased 65% (95 to 157). Older properties in areas like Ashburn and Leesburg can draw multiple bids if they’re in good shape.
- Homes Sold: 315 → 399 (27% increase)
- Average Sales Price: $780,090 → $834,393 (7% increase)
- Days on Market: 23.2 → 18.6 (-20%)
- Over-Asking: 95 → 157 (65% increase)
Top 5 Older (3+ Years) Over-List Sales in Loudoun
| Property Address | Year Built | Original List Price | Final Sales Price | Days on Market | % Over Asking |
|---|---|---|---|---|---|
| 210 Meadowlark Dr, Leesburg | 1996 | $840,000 | $890,000 | 6 | 106% |
| 45638 Willow Pond Pl, Sterling | 1998 | $580,000 | $620,000 | 9 | 107% |
| 19633 Creekview Pl, Ashburn | 2004 | $720,000 | $765,000 | 8 | 106% |
| 13470 Sunrise Ct, Aldie | 2001 | $650,000 | $700,000 | 11 | 108% |
| 403 Bowman Dr, Purcellville | 1985 | $780,000 | $830,000 | 10 | 106% |
Stafford Real Estate Trends: What’s Behind the Market Shifts in 2025?
Stafford was an outlier, seeing a 7% dip in sales (148 to 137) and a 3% drop in average price ($533,159 to $519,330), yet the number of over-asking deals rose 41% (34 to 48). The premium on those deals jumped 54% (from $18,599 to $28,726), suggesting that well-cared-for older homes still draw competitive offers.
- Homes Sold: 148 → 137 (-7%)
- Average Sales Price: $533,159 → $519,330 (-3%)
- Over-Asking: 34 → 48 (41% increase), premium +54%
Top 5 Older (3+ Years) Over-List Sales in Stafford
| Property Address | Year Built | Original List Price | Final Sales Price | Days on Market | % Over Asking |
|---|---|---|---|---|---|
| 15 Oakview Dr | 1978 | $420,000 | $455,000 | 9 | 108% |
| 113 Pinewood Ct | 1984 | $390,000 | $420,000 | 10 | 108% |
| 72 Crescent Valley Dr | 2000 | $510,000 | $545,000 | 12 | 107% |
| 105 River Glen Rd | 1992 | $475,000 | $515,000 | 8 | 108% |
| 19 Stonehaven Ln | 1980 | $440,000 | $475,000 | 7 | 108% |
Are Cash Offers Driving Up Prices in Northern Virginia’s Housing Market?
A common misconception is that out-of-state or international investors are flooding Northern Virginia with cash purchases, driving up home prices. The data doesn’t fully support that. While cash offers do exist—often from local downsizers, small investors, or family trusts—the percentage of total sales involving cash remains relatively stable year-over-year (often in the 15%–20% range, depending on the price bracket).
So the upward price movement appears largely driven by overall buyer demand (financed or otherwise), rather than a wave of all-cash investors artificially inflating values.
Ready for Your Free Home Evaluation?
If you’re thinking of selling this spring, the data shows there are plenty of active buyers—often paying near or above list price. A free evaluation will give you a personalized look at how much your home could sell for, and how fast.
Click here to request your free home evaluation and learn how to position your property for success in Northern Virginia’s market.
How Buyers and Sellers Can Win in Northern Virginia’s 2025 Market
Sellers: The statistics point to a steady, possibly rising, market. Even older homes can garner multiple offers if they’re updated and priced well. Make minor repairs, declutter, and consider modest upgrades before listing—these steps help drive potential above-list bids.
Buyers: With more listings on the market, there’s a bit of breathing room, but top-tier properties (especially in prime areas) remain highly competitive. Get pre-approved, set a clear budget, and be prepared to move quickly if you see a home that meets your needs.
Overall, Northern Virginia’s market is active and still trending toward sellers in many neighborhoods. Knowledgeable buyers who stay flexible can still find excellent opportunities. Whether you’re selling or buying, leveraging local data and up-to-date trends can help you get the best outcome in the spring market.
Onward,
AW
