Prince William County Housing Market Analysis: April 2025

The April 2025 Residential Activity Report for Prince William County, VA, highlights a shifting housing market favoring buyers. With rising inventory, softening prices, and slower sales, here’s what you need to know about the Prince William County real estate trends.

Market Activity: A Buyer’s Market Emerges

• Closed Sales: 518 homes

• Pending Sales: 355 homes

• Active Listings: 819 homes

With 819 active listings far outnumbering sales, Prince William County is experiencing a buyer’s market. This surplus inventory gives buyers more options and negotiating power.

Price Trends: Softening in Prince William County

Average Prices

• Closed Sales: $642,000

• Pending Sales: $658,000

• Active Listings: $675,000

  
  

Median Prices

• Closed Sales: $587,000

• Pending Sales: $615,000

• Active Listings: $620,000

Homes are selling below listed prices, indicating downward price pressure. Sellers may need to price competitively to attract buyers.

List-to-Sale Price Ratios: Timing Matters

• Sold within 30 Days: 101.04%

• Sold 31–60 Days: 96.11%

• Sold 91–120 Days: 90.15%

Insight: Well-priced homes sell fast, often above asking, while lingering listings face discounts. Pricing strategically is key for sellers.

Days on Market: Cooling Demand

• Closed Sales (0–30 Days): 461 homes (89%)

• Active Listings (60+ Days): 122 homes

Most homes sell quickly, but 30% of active listings linger, signaling cooling buyer urgency.

Financing Breakdown: Diverse Buyers

• Conventional Loans: ~63% (604 transactions)

• VA Loans: 182 transactions

• FHA Loans: 120 transactions

• Cash Sales: 118 transactions

Prince William County attracts a mix of buyers, with strong VA and FHA loan usage.

Key Trends for Buyers and Sellers

1. Softening Prices: Buyers can negotiate on overpriced listings.

2. Inventory Buildup: More choices for buyers, less pressure to rush.

3. Well-Priced Homes Sell Fast: Sellers should price strategically to avoid discounts.

4. Stable Financing: Diverse loan options benefit all buyers.

Looking Ahead: What’s Next for Prince William County?

The April 2025 market shows a cooling trend with higher inventory and softening prices. Buyers have the upper hand, while sellers must price competitively. For more insights, compare with March 2025 data or consult a local real estate expert.

Source: April 2025 Residential Activity Report, Prince William County, VA.