The number of houses for sale in Northern Virginia continues to grow. Prices also keep rising, and homes are spending longer on the market.
According to the Northern Virginia Association of Realtors’ monthly market analysis, the Northern Virginia region had an inventory of 2,636 homes in May 2025. That’s a 50 percent year-over-year increase. It’s also an increase from last month, when inventory was at 2,508.
Housing market inventory has been significantly elevated for several months, with year-over-year increases of 69 percent in April, 63.6 percent in March, and 31.8 percent in February.
In May, homes spent an average of 15 days on the market before selling, an increase of 25 percent from May 2024. And the number of homes sold saw a 4.2 percent decrease, for a total of 1,764.
But prices remain high and continue to rise. The median home price in NoVA was $789,500, a 3.9 percent increase year over year. Last month, the median cost was $779,000.
NVAR says it interprets these numbers to mean the market is “continued its transition toward more balanced conditions.”
“A growing number of listings means buyers now have more choices — and time to make them,” said NVAR CEO Ryan McLaughlin. “But this isn’t necessarily a return to a buyer’s market. Sellers who price competitively are still seeing strong results, especially in Northern Virginia’s most desirable neighborhoods.”
Where Are the Biggest Housing Market Changes?
Of the housing markets NVAR analyzed, Falls Church saw the largest spike in home prices and the largest decrease in home sales. There, the median home price was $1.75 million, a 38 percent year-over-year increase. Only 15 homes sold in Falls Church this May, down 21.1 percent.
Arlington also saw higher median prices, at $797,000 — an 11.5 percent increase. But it had 2.2 percent fewer home sales, with a total of 226.
Fairfax County’s home prices raised 2.2 percent to a median of $787,000, while sales dropped 4.3 percent to 1,278.
Meanwhile, Alexandria’s median home price rose 7.9 percent to $761,000, while its home sales dropped 5.9 percent to 206.
Feature image, stock.adobe.com
