Hey there Northern Virginia homeowners and real estate enthusiasts! If you’re looking to buy or sell in the area, November 2022 was a great time to do it. According to the latest data, there were 2079 homes sold in Northern Virginia, with an average sales price of $669,000 and an average of 28 days on the market.
But that’s not all – a whopping 27% of these homes were sold over asking price, with an average price of $21,000 above the initial asking price. Clearly, the demand for Northern Virginia real estate is high and buyers are willing to pay a premium to secure their dream home.
But which zip codes saw the most activity in November 2022? Let’s take a look at the top 12:
#1 – 22554 – Stafford Courthouse – Stafford County
Topping the list of zip codes with the most transactions was Stafford Courthouse, located in Stafford County. This zip code had an average sales price of $555,000 and relatively short days on the market of 35 days. A total of 66 homes were sold in Stafford Courthouse in November, with 18 of them selling above the asking price. That’s an impressive 27% of homes selling above the asking price, with an average price of $14,000 above the asking price.
Average Sales Price: $555,000
Days on Market: 35
Homes Sold: 66
Homes Sold Over Asking Price:18
Percent of Homes Sold Over Asking Price: 27%
Average Price of Asking Price: $14,000
#1 – 22554 – Stafford Courthouse – Stafford County New Listings
#2 – 20171 – Herndon – Fairfax County
Coming in at #2 was Herndon, located in Fairfax County. This zip code saw an average sales price of $669,000 and slightly shorter days on the market of 25 days. A total of 64 homes were sold in Herndon in November, with 23 of them selling above the asking price. That’s a solid 36% of homes selling above the asking price, with an average price of $12,000 above the asking price.
Average Sales Price: $669,000
Days on Market: 25
Homes Sold: 64
Homes Sold Over Asking Price:23
Percent of Homes Sold Over Asking Price: 36%
Average Price of Asking Price: $12,000
#2 – 20171 – Herndon – Fairfax County New Listings
#3 – 22314 – Old Town-Carlye – Alexandria City
Old Town-Carlyle, located in Alexandria City, was #3 on the list with an average sales price of $792,000 and days on the market of 24 days. A total of 61 homes were sold in Old Town-Carlyle in November, with 10 of them selling above the asking price. That’s a lower percentage than some of the other top zip codes, but the average price of $8,000 above the asking price is still significant.
Average Sales Price: $792,000
Days on Market: 24
Homes Sold: 61
Homes Sold Over Asking Price:10
Percent of Homes Sold Over Asking Price: 16%
Average Price of Asking Price: $8,000
#3 – 22314 – Old Town-Carlye – Alexandria City New Listings
#4 – 22193 – Dale City – Prince William
Dale City, located in Prince William County, was #4 on the list with an average sales price of $450,000 and days on the market of 24 days. A total of 57 homes were sold in Dale City in November, with a strong 22 of them selling above the asking price. That’s an impressive 39% of homes selling above the asking price, with an average price of $7,000 above the asking price.
Average Sales Price: $450,000
Days on Market: 24
Homes Sold: 57
Homes Sold Over Asking Price:22
Percent of Homes Sold Over Asking Price: 39%
Average Price of Asking Price: $7,000
#4 – 22193 – Dale City – Prince William New Listings
#5 – 22191 – Woodbridge-East – Prince William
Rounding out the top 5 was Woodbridge-East, also located in Prince William County. This zip code had an average sales price of $464,000 and slightly longer days on the market of 33 days. A total of 54 homes were sold in Woodbridge-East in November, with 12 of them selling above the asking price. That’s a solid 22% of homes selling above the asking price, with an average price of $14,000 above the asking price.
Average Sales Price: $464,000
Days on Market: 33
Homes Sold: 54
Homes Sold Over Asking Price:12
Percent of Homes Sold Over Asking Price: 22%
Average Price of Asking Price: $14,000
#5 – 22191 – Woodbridge-East – Prince William New Listings
Other top zip codes in Northern Virginia in November included Brambleton in Loudoun County, Woodbridge-West in Prince William County, Gainesville in Prince William County, Leesburg in Loudoun County, Annandale in Fairfax County, Falmouth in Stafford County, and Ashburn in Loudoun County.
These zip codes saw a range of average sales prices, days on the market, and percentage of homes sold above asking price, but all had relatively high numbers of transactions in November.
#6 – 20148 – Brambleton – Loudoun County
Average Sales Price: $723,000
Days on Market: 31
Homes Sold: 53
Homes Sold Over Asking Price:10
Percent of Homes Sold Over Asking Price: 19%
Average Price of Asking Price: $9,000
#6 – 20148 – Brambleton – Loudoun County New Listings”
#7 – 22192 – Woodbridge-West – Prince William
Average Sales Price: $449,000
Days on Market: 31
Homes Sold: 49
Homes Sold Over Asking Price:11
Percent of Homes Sold Over Asking Price: 22%
Average Price of Asking Price: $10,000
#7 – 22192 – Woodbridge-West – Prince William New Listings
#8 – 20155 – Gainesville – Prince William
Average Sales Price: $652,000
Days on Market: 32
Homes Sold: 48
Homes Sold Over Asking Price:12
Percent of Homes Sold Over Asking Price: 25%
Average Price of Asking Price: $8,000
#8 – 20155 – Gainesville – Prince William New Listings”
#9 – 20176 – Leesburg – Loudoun County
Average Sales Price: $776,000
Days on Market: 35
Homes Sold: 47
Homes Sold Over Asking Price:10
Percent of Homes Sold Over Asking Price: 21%
Average Price of Asking Price: $24,000
#9 – 20176 – Leesburg – Loudoun County New Listings
#10 – 22003 – Annandale – Fairfax County
Average Sales Price: $608,000
Days on Market: 24
Homes Sold: 41
Homes Sold Over Asking Price:9
Percent of Homes Sold Over Asking Price: 22%
Average Price of Asking Price: $15,000
#10 – 22003 – Annandale – Fairfax County New Listings
#11 – 22405 – Falmouth – Stafford County
Average Sales Price: $472,000
Days on Market: 31
Homes Sold: 40
Homes Sold Over Asking Price:9
Percent of Homes Sold Over Asking Price: 23%
Average Price of Asking Price: $7,000
#11 – 22405 – Falmouth – Stafford County New Listings
#12 – 20147 – Ashburn – Loudoun County
Average Sales Price: $665,000
Days on Market: 28
Homes Sold: 40
Homes Sold Over Asking Price:6
Percent of Homes Sold Over Asking Price: 15%
Average Price of Asking Price: $14,000
#12 – 20147 – Ashburn – Loudoun County New Listings
Data compiled from the MRIS. Statistics deemed reliable but not guaranteed.
Conclusion
Overall, the Northern Virginia real estate market continues to be a strong performer, with these top zip codes leading the way in terms of the number of transactions.
These zip codes are worth considering if you’re looking to buy or sell a home in the region. Whether you’re looking for a high-priced luxury home or a more affordable option, there’s something for everyone in the Northern Virginia real estate market. So, if you plan to buy or sell a home in Northern Virginia, these zip codes are the ones to keep an eye on.
Abraham can be reached via email at [email protected] or by phone at (703)539-2053. He’s happy to answer all your real estate questions.
