09/30/2026
Northern Virginia Market Update | August 2026 ๐๐ก
Are you wondering what is actually happening in our local real estate market across Fairfax City, Manassas City, and Prince William County?
Here is a quick snapshot of the key numbers from August:
Median Sold Price: $590,000 (with an average sold price reaching $631,435)
Activity: 693 homes listed vs. 553 units sold, totaling nearly $350M in closed sales volume
Days on Market: Homes moved fast, averaging just 25 Days on Market (DOM)
Inventory Supply: Holding steady at 2.1 Months of Supply (MSI)
What does this mean for you?
Demand remains resilient, well-positioned properties are moving in under a month, and pricing has stayed firm across our region. However, real estate is hyper-localโmarket conditions on your specific street or neighborhood can look very different from county-wide averages.
Whether you are planning to sell, searching for your next home, or simply curious about your current equity position, having precise data makes all the difference.
๐ฉ Ready to make a move or curious about your home's current market value? Send a direct message or connect with us today for a complimentary, personalized home valuation or custom neighborhood market report.