Market Statistics: March 2021
March 2021 Regional Home Sales Compared to March 2020
Northern Virginia Data from Bright MLS as of April 6, 2021; total sales and listings may not include garage/parking spaces.
The Northern Virginia Association of Realtors® reports on March 2021 home sales activity for Fairfax and Arlington counties, the cities of Alexandria, Fairfax and Falls Church and the towns of Vienna, Herndon and Clifton. A total of 2,140 homes sold in March 2021, an 18% increase above March 2020 home sales of 1,815. The number of total active listings decreased last month compared with 2020.
Listings were 19% below last year, with 1,579 active listings in March, compared with 1,957 homes available in March 2020. The average days on market for homes in March 2021 rose by 5.3% to 20 days – compared to 19 days on market for homes in March 2020. New listings rose by 8.6% in March compared with last year, to 3,067. There were 2,823 new listings in March of 2020.
The average home sale price rose by 7.3% compared with last March, to $696,318. The March 2020 average sale price was $649,118. The median sold price of homes this March, which was $595,000, rose by 3% compared to the median price of $577,900 in March 2020.