Is Chantilly, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Chantilly has remained a Seller's Market.
Key Takeaway
Chantilly is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chantilly, VA
How much do homes in Chantilly, VA cost?
Median Sold Price
$750,250
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Chantilly have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Chantilly was $750,250 in May 2024, up 11.1% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $300.5K | +11.3% |
| 2 Bedrooms | $370K | $380K | +2.7% |
| 3 Bedrooms | $565K | $630K | +11.5% |
| 4 Bedrooms | $847.5K | $840K | -0.9% |
| 5+ Bedrooms | $1.0M | $1.0M | +8.2% |
Summary: Chantilly housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 8.2%.
Median Sold Price Compared To Nearby Cities
| Chantilly | $675K | $750.2K | +11.1% |
| Sully | $625.6K | $677.8K | +8.3% |
| Gainesville | $559K | $603.1K | +7.9% |
| Dulles | $741K | $776.3K | +4.8% |
Housing Supply in Chantilly, VA
How many homes are available in Chantilly, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 127 | 151 | +18.9% |
Summary: The Chantilly real estate market had 151 homes for sale in May 2024, a 18.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 18 | +80.0% |
| 3 Bedrooms | 51 | 56 | +9.8% |
| 4 Bedrooms | 36 | 40 | +11.1% |
| 5+ Bedrooms | 29 | 36 | +24.1% |
Summary: The Chantilly housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 24.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 46 | 34 | -26.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chantilly, you could pay more than the asking price. 64.7% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in Chantilly in May 2024, down by 26.1% month-over-month. Of the 34 sold homes, 9% were sold under asking, 26% were sold at asking, and 65% were sold over asking.
Days on Market for Chantilly, VA
How long does it take to sell a home in Chantilly, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 8 Days | -24.9% |
Summary: Homes in Chantilly had an average of 8 days on market in May 2024, down by 24.9% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chantilly are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 34 homes were sold in Chantilly; 97% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
