Is Vienna, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Vienna has remained a Seller's Market.
Key Takeaway
Vienna is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vienna, VA
How much do homes in Vienna, VA cost?
Median Sold Price
$1,082,500
$376/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Vienna have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Vienna was $1,082,500 in April 2024, up 3.1% from last year, and the median price per square foot was $376.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $312.5K | +15.7% |
| 2 Bedrooms | $404K | $421K | +4.2% |
| 3 Bedrooms | $785K | $822.5K | +4.8% |
| 4 Bedrooms | $979.5K | $1.0M | +5.7% |
| 5+ Bedrooms | $1.6M | $1.5M | -4.5% |
Summary: Vienna housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 4.5%.
Median Sold Price Compared To Nearby Cities
| Hunter Mill | $657.6K | $702.7K | +6.9% |
| Vienna | $1.0M | $1.0M | +3.1% |
| Providence | $625.7K | $629.6K | +0.6% |
Housing Supply in Vienna, VA
How many homes are available in Vienna, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 166 | 215 | +29.5% |
Summary: The Vienna real estate market had 215 homes for sale in April 2024, a 29.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 6 | 13 | +116.7% |
| 3 Bedrooms | 23 | 29 | +26.1% |
| 4 Bedrooms | 45 | 58 | +28.9% |
| 5+ Bedrooms | 91 | 113 | +24.2% |
Summary: The Vienna housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 116.7%, 3 bedroom homes increased by 26.1%, 4 bedroom homes increased by 28.9%, and 5+ bedroom homes increased by 24.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 52 | 58 | +11.5% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vienna, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 58 homes were sold or pending in Vienna in April 2024, up by 11.5% month-over-month. Of the 58 sold homes, 38% were sold under asking, 12% were sold at asking, and 50% were sold over asking.
Days on Market for Vienna, VA
How long does it take to sell a home in Vienna, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 29 Days | +96.3% |
Summary: Homes in Vienna had an average of 29 days on market in Apr 2024, up by 96.3% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Vienna are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 58 homes were sold in Vienna; 79% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
