Vienna Real Estate Market Statistics for 22180
Your Vienna Real Estate Agent: Market Statistics for 22180
Vienna real estate market statistics for 22180 are below and will be updated by the 12th of each month, please feel free to visit monthly. These are interactive charts so you can remove and add any of the colored lines by clicking on the legend below the graph. The 22180 zip code does include all of the Town of Vienna and a small part of the Fairfax County municipality.
You will find, what I consider, some of the more important Vienna real estate market statistics for 22180 to help gauge overall trends. I have also given brief overviews of each graph to help explain the reason it has been included and its importance to the 22180 market.
Real Estate Market Gauge for Vienna, 22180:
Vienna Market Activity:
The graph below lays out the supply (active listings) and demand (closed sales) of the Vienna real estate market over the last 12 months. It also includes the number of new listings on the market in Vienna and pending listings, which are the homes under contract. This information is useful to Vienna home sellers and buyers to understand the current trends and possible pressure on price, if any. The smaller the gap between the active listings in Vienna (yellow line) and the sold listings in Vienna (blue line) the more we are in a sellers market in Vienna. This can cause an upward movement of prices.
Median Price Sold of Vienna Homes:
This graph shows the median sold price over the last three years for Detached Homes, Town Homes, and condos in the Vienna real estate market of 22180. This gives an idea of the current price trend to home sellers and buyers to gauge the general direction of prices. Pricing a home to high can cause a home to sit on the market and lessen the urgency buyers may have for a property. On the flip side, homeowners who price a home to low may leave excess money on the table that they otherwise could pocket. At times this graph may show some spikes which is caused by a low number of home sales in that particular month, but for our purposes we are looking for the overall long term median sales price trend for Vienna.
Vienna Avg. Home Sales Price vs. List Price Ratio:
Pricing a home correctly in Vienna is critical to home sellers to net the most money while avoiding a stale listing distinction. This graph illustrates the percentage of list price to sold price ratio so home sellers can determine what the average home buyer is negotiating from list price in Vienna. Overpricing a home can scare off potential buyers since they may not even make an offer on home with an unrealistic price. Finding the sweet spot for a seller’s unique situation is what a professional real estate agent can do when it comes to pricing a home. Please keep in mind these are averages and I recommend to consult with an agent on specifics of each individual property. I have broken this graph down into price ranges since sometimes different price ranges can have different results. (Example of Calculation: Ratio of 97.2% means seller and buyer negotiated 2.8% off the list price) (****this does not include any negotiated seller paid closing costs for the buyer)
Vienna Supply of Homes, in Months:
Below we can see the number of months it would take to sell the current inventory of homes in Vienna which are broken down into multiple price ranges. I rely on this graph a great deal as a thermometer of each price range in the Vienna real estate market. As you can see, breaking these results into price ranges paints a different picture for a $600k home as compared to a 1.5 million dollar home. A general rule of thumb is, the higher the value of a home the longer it takes to sell.
New listings in Vienna, 22180:
$1,749,900 : 408 KRAMER DR SE, VIENNA5 beds, 5 baths
$1,595,000 : 918 FREDERICK ST SW, VIENNA6 beds, 6 baths
$569,900 : 2665 MANHATTAN PL #108, VIENNA2 beds, 3 baths
$1,499,900 : 102 PATRICK ST SW, VIENNA5 beds, 5 baths
$1,449,000 : 903 COTTAGE ST SW, VIENNA5 beds, 5 baths
$325,000 : 2711 BELLFOREST CT #308, VIENNA2 beds, 2 baths
$448,000 : 2726 GALLOWS RD #911, VIENNA2 beds, 2 baths
See all New in Vienna, 22180.
(all data current as of 12/14/2017)
Listing information deemed reliable but not guaranteed. Read full disclaimer.