Northern Virginia Real Estate Market Report
July 2026 closed-sales data reveals a market that is still competitive—but increasingly selective by county, ZIP code and property type.
Published August 2026 • Data source: Bright MLS closed-sales exports
Northern Virginia held its value while sales volume softened
Across the six markets in this report, 2,890 homes closed in July—1.8% fewer than the 2,944 sales recorded a year earlier. The median sale price rose 1.4% to $700,000, while the typical home sold in 10 days and at 100.0% of its final list price.
Four numbers that frame the month
The headline is not simply “prices are up” or “sales are down.” It is a market of speed, price sensitivity and sharply different entry points.
of July sales closed at or above the final asking price. About 34.6% closed below asking.
Property type changes the conversation
Detached homes carried the highest median, but townhouses were the fastest-moving segment. Condos offered the lowest regional median and the most time to evaluate, with a median 18 days on market.
| Property type | Closed sales | Median price | Median DOM | Sale/list |
|---|---|---|---|---|
| Single-family | 1,494 | $900,000 | 9 days | 100.3% |
| Townhouse | 757 | $640,000 | 8 days | 100.4% |
| Condo | 633 | $425,000 | 18 days | 99.1% |
Concessions appeared in 42.5% of all July transactions: 38.2% of single-family sales, 46.1% of townhouse sales and 48.5% of condo sales. A concession may include seller-paid closing costs or other negotiated credits.
Fairfax County real estate market
Fairfax remains the region’s largest transaction engine. July buyers closed 1,170 homes at a $754,000 median, with the typical sale taking nine days and landing just above asking.
The three busiest ZIP codes
These ZIP codes recorded the most closed sales in July. Volume is a useful starting point, but the price and days-on-market columns show why buyers and sellers should compare the neighborhood and property type—not just the county average.
22030
$754,500
Median sale price
- Closed sales
- 58
- Median DOM
- 8 days
- Sale/list
- 100.9%
20120
$650,000
Median sale price
- Closed sales
- 51
- Median DOM
- 8 days
- Sale/list
- 100.7%
22003
$785,000
Median sale price
- Closed sales
- 51
- Median DOM
- 9 days
- Sale/list
- 100.0%
How the property types compare
| Property type | Closed sales | Median price | Median DOM | Sale/list |
|---|---|---|---|---|
| Single-family | 614 | $990,000 | 7.5 days | 100.4% |
| Townhouse | 300 | $650,000 | 7 days | 100.4% |
| Condo | 254 | $396,500 | 19 days | 98.9% |
Loudoun County real estate market
Loudoun’s July market paired an $814,000 median price with 515 closed sales. The county’s strongest ZIPs show how new-construction corridors and established communities can produce very different price points inside the same county.
The three busiest ZIP codes
These ZIP codes recorded the most closed sales in July. Volume is a useful starting point, but the price and days-on-market columns show why buyers and sellers should compare the neighborhood and property type—not just the county average.
20148
$860,000
Median sale price
- Closed sales
- 87
- Median DOM
- 14 days
- Sale/list
- 100.1%
20176
$840,000
Median sale price
- Closed sales
- 82
- Median DOM
- 7 days
- Sale/list
- 100.9%
20147
$688,500
Median sale price
- Closed sales
- 77
- Median DOM
- 11 days
- Sale/list
- 100.0%
How the property types compare
| Property type | Closed sales | Median price | Median DOM | Sale/list |
|---|---|---|---|---|
| Single-family | 269 | $1,060,000 | 9 days | 100.4% |
| Townhouse | 168 | $712,500 | 9 days | 99.8% |
| Condo | 78 | $504,000 | 21.5 days | 99.0% |
Prince William County real estate market
Prince William offered the largest closed-sale volume after Fairfax while maintaining a $589,450 median price. Well-priced homes still moved quickly, but the property-type breakdown shows meaningful differences in both price and negotiating leverage.
The three busiest ZIP codes
These ZIP codes recorded the most closed sales in July. Volume is a useful starting point, but the price and days-on-market columns show why buyers and sellers should compare the neighborhood and property type—not just the county average.
22193
$547,450
Median sale price
- Closed sales
- 86
- Median DOM
- 11 days
- Sale/list
- 100.2%
22192
$520,000
Median sale price
- Closed sales
- 67
- Median DOM
- 11 days
- Sale/list
- 99.7%
20110
$533,804
Median sale price
- Closed sales
- 58
- Median DOM
- 8.5 days
- Sale/list
- 99.8%
How the property types compare
| Property type | Closed sales | Median price | Median DOM | Sale/list |
|---|---|---|---|---|
| Single-family | 287 | $712,000 | 9 days | 100.2% |
| Townhouse | 189 | $515,000 | 9 days | 100.9% |
| Condo | 86 | $422,000 | 19.5 days | 99.3% |
Arlington County real estate market
Arlington closed 229 sales at an $823,000 median. Its countywide result hides a dramatic housing mix: entry-level condos, scarce townhouses, and detached homes whose median exceeded $1.3 million.
The three busiest ZIP codes
These ZIP codes recorded the most closed sales in July. Volume is a useful starting point, but the price and days-on-market columns show why buyers and sellers should compare the neighborhood and property type—not just the county average.
22201
$791,500
Median sale price
- Closed sales
- 44
- Median DOM
- 11 days
- Sale/list
- 99.5%
22207
$1,700,000
Median sale price
- Closed sales
- 40
- Median DOM
- 6.5 days
- Sale/list
- 99.4%
22204
$700,000
Median sale price
- Closed sales
- 37
- Median DOM
- 15 days
- Sale/list
- 99.2%
How the property types compare
| Property type | Closed sales | Median price | Median DOM | Sale/list |
|---|---|---|---|---|
| Condo | 110 | $473,450 | 13.5 days | 99.1% |
| Single-family | 98 | $1,377,500 | 8 days | 100.1% |
| Townhouse | 21 | $1,040,000 | 5 days | 101.4% |
City of Alexandria real estate market
Alexandria’s 192 July closings produced a $736,500 median price. Attached housing dominates the city’s volume, while townhouse and detached-home medians reflect a much higher price tier.
The three busiest ZIP codes
These ZIP codes recorded the most closed sales in July. Volume is a useful starting point, but the price and days-on-market columns show why buyers and sellers should compare the neighborhood and property type—not just the county average.
22314
$862,000
Median sale price
- Closed sales
- 64
- Median DOM
- 9.5 days
- Sale/list
- 100.0%
22304
$400,000
Median sale price
- Closed sales
- 51
- Median DOM
- 13 days
- Sale/list
- 99.6%
22302
$422,500
Median sale price
- Closed sales
- 20
- Median DOM
- 12.5 days
- Sale/list
- 101.1%
How the property types compare
| Property type | Closed sales | Median price | Median DOM | Sale/list |
|---|---|---|---|---|
| Condo | 99 | $405,000 | 15 days | 99.5% |
| Townhouse | 48 | $875,000 | 7.5 days | 100.8% |
| Single-family | 45 | $1,095,000 | 6 days | 100.5% |
Stafford County real estate market
Stafford recorded 218 closings at a $575,000 median. Homes typically took 15 days to sell—still a brisk pace, but slower than the inner Northern Virginia counties and therefore a market where preparation and pricing matter.
The three busiest ZIP codes
These ZIP codes recorded the most closed sales in July. Volume is a useful starting point, but the price and days-on-market columns show why buyers and sellers should compare the neighborhood and property type—not just the county average.
22554
$599,000
Median sale price
- Closed sales
- 99
- Median DOM
- 12 days
- Sale/list
- 100.1%
22406
$572,850
Median sale price
- Closed sales
- 47
- Median DOM
- 24 days
- Sale/list
- 99.4%
22405
$537,450
Median sale price
- Closed sales
- 44
- Median DOM
- 19 days
- Sale/list
- 100.0%
How the property types compare
| Property type | Closed sales | Median price | Median DOM | Sale/list |
|---|---|---|---|---|
| Single-family | 181 | $600,000 | 12 days | 100.0% |
| Townhouse | 31 | $416,400 | 20 days | 99.6% |
| Condo | 6 | $391,758 | 25 days | 97.9% |
Mortgage rates changed the payment story
The July 2026 30-year fixed mortgage rate averaged about 6.54% in our model. Even though the regional median price was higher than a year ago, the modeled principal-and-interest payment was slightly lower because the rate eased.
$560,000 loan at 6.54%
$552,000 loan at 6.72%
Principal and interest only
This example assumes a 20% down payment on the regional median price and excludes taxes, insurance, association fees and mortgage insurance. Your actual rate and payment will vary. Review the Freddie Mac Primary Mortgage Market Survey archive and speak with a licensed lender for a personalized estimate.
What this means for buyers
Competition has not disappeared: nearly two-thirds of homes sold at or above asking. But the opportunity is uneven. Condos generally offer more time and more negotiating room than townhouses or detached homes.
- Compare payment—not just price—across ZIP codes and property types.
- Get fully underwritten before touring the most competitive segments.
- Look for homes that have exceeded the local median days on market.
- Budget for taxes, insurance and association fees before choosing a ceiling.
What this means for sellers
A 100% regional sale-to-list ratio does not mean every home sells at asking. Condition, launch strategy and the correct comparison set determine whether a listing becomes part of the 65.4% at-or-above group.
- Price against recent competing sales in the same property type.
- Treat the first two weeks as the most important marketing window.
- Prepare for concession requests, especially in condo and townhouse segments.
- Use ZIP-level speed and inventory to set expectations before launch.
How to read this report
This analysis uses Bright MLS closed-sales data imported for July 2026 and compares geography and property-type segments within Alexandria City, Arlington, Fairfax, Loudoun, Prince William and Stafford. Median values reduce the influence of extreme outliers. New-construction transactions should be reviewed separately when identifying “largest over asking” or “best deal” stories because a builder’s base price may not reflect design-center upgrades.
Market statistics are descriptive, not a guarantee of future results. All information is believed reliable but should be independently verified. Mortgage examples are illustrative and are not a loan quote.
