Prince William County September 2022 Real Estate Market Statistics

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Provided by REALTOR® Association of Prince William

Who doesn’t look forward to the vibrant colors of the leaves turning? Along with the coming of fall weather and pumpkin spiced lattes, the month of September brought in a new set of market statistics. The stats, generated by Virginia REALTORS Chief Economist Ryan Price and SmartCharts, and gathered through data provided by VAR and Bright MLS, give readers a valuable snapshot of what’s being harvested monthly
on the charts, and what’s not.

Falling into the first statistic, 555 homes were sold across the month of August. This is a noticeable decrease of 29.30% percent in comparison to September of 2021. New listings reveal a 28.32% decrease with 648 new listings as opposed to 904 in September of 2021. Moving onto active listings, there was a significant increase with 747 listings in comparison to 2021’s 582 active listings. Also, growing at a steady pace is the median sold price of homes, with there being an 6.09% increase to $498,500 as compared to last year’s $469,900. Finally, as vibrant as the autumn leaves, the average days on the market saw an increase from 16 in 2021 to 21.

Be sure to check back in November to stay updated on the current housing market!

To review August’s market statistics, visit pwar.com/.

REALTOR® Association of Prince William (PWAR) is the largest professional trade association in Prince William County, representing approximately 2,000 REALTORS® engaged in the residential and commercial real estate business.  PWAR serves as an advocate for homeownership and homeowners and represents the interests of property owners in Prince William County and the Commonwealth of Virginia.

Note: The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics.

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