There were significantly shifts in the Northern Virginia housing market last month. More houses are on the market this spring than last year, and home prices are still rising, according to new data from the Northen Virginia Association of Realtors.
Last month there were 2,508 houses on the market, a 69 percent increase in active listings from April 2024. Of those listings, 1,984 were new.
April also saw modest decreases in the number of homes sold and pending sales, with a 2.4 percent decrease for each.
This continues the trend from March, when NVAR’s monthly report showed similarly elevated inventory in NoVA. NVAR says that this inventory increase “signals a step toward a more balanced market.”
“Today’s market presents exciting opportunities for home buyers, who now benefit from more choices and a better chance of having their offers accepted,” said NVAR board member Rob Carney, of TTR Sotheby’s International Realty. “For home sellers, it’s a great time to stand out by pricing strategically and presenting their homes in the best possible light.”
Northern Virginia Housing Market Trends
Arlington and Alexandria saw the most significant decreases in home sales in the region, with 9.5 percent and 12.8 percent drops respectively. Fairfax County had a more modest 0.9 percent decrease.
Fairfax City and Falls Church had more sales than last year, with Fairfax City seeing a 22.2 percent bump and Falls Church a whopping 133.3 percent increase.
Home prices, meanwhile, are going up. The median home price landed at $779,000 in April 2025, a 3.7 percent year-over-year increase. This is about $23,000 higher than last month, when the median price was $755,625.
All localities saw higher home prices, with the largest increase in Falls Church, where the cost increased by 17.4 percent for a median of $1.4 million.
Feature image, stock.adobe.com
