Vienna Market – Year of 2023
I always hear questions about pricing and market activity in Vienna, and I like to talk about what is happening today. Specifically: active inventory, days on market, buyer activity, number of offers, and other important factors that monthly “stats” don’t always make obvious.
And, with today’s shifting market with interest rate increases, this is exactly the information that is valuable and you really need to know.
The Vienna VA real estate market gets broken down by the three zip codes that cover the Vienna mailing address. As you can easily see from these three charts of the three Vienna Zip Codes, 22180, 22181, and 22182 that there has been a decline in the number of active homes over the two year period. A stable absorption rate remains as new “Active Listings” hit the Vienna VA real estate market and then become “Pending Listings” (homes that are Under Contract).
~ These Vienna VA real estate stats update every month ~
When I see trends that you should know about then I will write related blog posts that you should find insightful. Although this data is good, in my opinion, the stats for the Town of Vienna or 22180 do not show the whole story because of the intense activity from builders and investors who are actively building new homes in Vienna. These statistics don’t reflect what I see on the ground and, please understand, my opinion will change month to month ~ sorry to be vague but there are far more direct sales to builders with cash in hand than shown here. Contact me if you want to learn more.
Okay, here are the latest 2023 stats on real estate activity in Vienna, Virginia.
Real Estate Activity in 22180
Real Estate Activity in 22181
Real Estate Activity in 22182
Home sales can change neighborhood by neighborhood. So if you live in Wolf Trap, Eudora, then the Vienna Woods stats may seem very different and I can provide you that type of breakdown through an e-mail. Often a breakdown by elementary schools can help you too because homes feeding into Wolftrap ES, Westbriar ES, Louise Archer ES, Vienna ES, Flint Hill ES, Cunningham Park or Marshall Road ES may be how a home buyer is refining their search.
Understanding how you want to define a search is essential. Home sellers should look beyond their own neighborhood to understand current home buyer trends at any given moment as recent “sold comps” in your neighborhood may not accurately reflect today’s demand and market value. If you want to see what is available right now in specific price ranges, check out my Vienna Real Estate Guide.
Know instant “get your home’s value” web sites really aren’t the best way to gauge your home’s unique value. Read this article because there are many factors that can influence market value and appeal.
Give me a call, or e-mail me and I can create a customized chart for you whether it is your current home, a tear down, or you are selling your childhood home in Vienna.