Vienna December 2022 Home Sales:

• 33 homes went under contract in Vienna. This is down 27% from the same time period in 2021. 

• 39% of the homes that went to settlement in December 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,110,828 (up 9.8% from the same time period in 2021 when it was $1,012,115).

• 37 homes came on the market. That’s down 16% from December 2021.

• Homes that sold (closed) averaged 27 days on market, 1 day faster than in December 2021.

• There is currently a 0.9 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Vienna – and 67 Vienna homes for sale (townhouse, condo and single-family).

Additional Year-End Stats – 2022 vs 2021:

Average sold price increased by 4.8% ($1,060,461 vs $1,012,131)

Total units sold decreased by 24%

Average sales price to original list price ratio decreased slightly – 101.3% vs 101.7%

OVERALL: Vienna remained a Seller’s Market.  Inventory was down from the prior month but was up 29% year-over-year.   The number of homes going under contract and coming on the market also declined, and both of these numbers continue to be down from this time last year.  Average sold price was up from November and compared to the end of December last year.

If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 2.0 and in the under $1 Million price range there is a 0.6 month supply. Buyers looking in both price ranges continue to face a Seller’s Market.  

Vienna November 2022 Home Sales:

• 58 homes went under contract in Vienna. This is down 21% from the same time period in 2021. 

• 56% of the homes that went to settlement in November 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $995,466 (up 22% from the same time period in 2021 when it was $816,939).

• 67 homes came on the market. That’s down 3% from November 2021.

• Homes that sold (closed) averaged 20 days on market, 12 days faster than in November 2021.

• There is currently a 1.2 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Vienna – and 88 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remained a Seller’s Market.  Inventory was down from the prior month but was up 29% year-over-year.   The number of homes going under contract and coming on the market also declined, and both of these numbers continue to be down from this time last year.  Average sold price was down from October but up compared to November last year.

If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 2.0 and in the under $1 Million price range there is a 0.6 month supply. Buyers looking in both price ranges continue to face a Seller’s Market.  

Vienna October 2022 Home Sales:

• 50 homes went under contract in Vienna. This is down 48% from the same time period in 2021. 

• 35% of the homes that went to settlement in October 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,089,190 (up 3.4% from the same time period in 2021 when it was $1,053,487).

• 73 homes came on the market. That’s down 28% from October 2021.

• Homes that sold (closed) averaged 32 days on market, 7 days slower than in October 2021.

• There is currently a 1.4 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Vienna – and 106 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remained a Seller’s Market.  Inventory was down slightly from the prior month but was up 9.3% year-over-year.   The number of homes going under contract and coming on the market also declined, and both of these numbers continue to be down significantly from this time last year.  Average sold price was up from September and compared to October last year.

If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 2.1 and in the under $1 Million price range there is a 1.0 month supply. Buyers looking in both price ranges continue to face a Seller’s Market.  

Vienna September 2022 Home Sales:

Vienna September 2022 home sales:

• 53 homes went under contract in Vienna. This is down 39% from the same time period in 2021. 

• 42% of the homes that went to settlement in September 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $952,779 (down 7.8% from the same time period in 2021 when it was $1,033,998).

• 85 homes came on the market. That’s down 29% from September 2021.

• Homes that sold (closed) averaged 44 days on market, 30 days slower than in September 2021.

• There is currently a 1.4 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Vienna – and 111 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remained a Seller’s Market.  Inventory was up very slightly from the prior month and was up 0.91% year-over-year.  The number of homes going under contract decreased but the number of new homes coming on the market increased…however both of these numbers continue to be down significantly from this time last year.  Average sold price was down from August as well as compared to September last year.

If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 1.5 and in the under $1 Million price range there is a 0.9 month supply. Buyers looking in both price ranges continue to face a Seller’s Market.  

Additional Quarter-End Stats – 2022 vs 2021

Average sold price decreased by 4.4% ($992,659 vs $1,037,922)

Total units sold decreased by 19%

Average sales price to original list price ratio decreased – 98.3% vs 101.5%

Vienna August 2022 Home Sales:

• 65 homes went under contract in Vienna. This is down 27% from the same time period in 2021. 

• 38% of the homes that went to settlement in August 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $972,565 (down 3.4% from the same time period in 2021 when it was $1,007,308).

• 80 homes came on the market. That’s down 28% from August 2021.

• Homes that sold (closed) averaged 19 days on market, 2 days slower than in August 2021.

• There is currently a 1.3 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Vienna – and 108 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remained an aggressive Seller’s Market.  Inventory decreased from the prior month and was down 3.6% year-over-year.  The number of homes going under contract and new homes coming on the market decreased as well…and both of these numbers continue to be down significantly from this time last year.  Average sold price was down from July as well as compared to August last year.

If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 1.3 and in the under $1 Million price range there is a 1.1 month supply. Buyers looking in both price ranges continue to face a Seller’s Market.  

Vienna July 2022 Home Sales:

• 75 homes went under contract in Vienna. This is down 19% from the same time period in 2021. 

• 64% of the homes that went to settlement in July 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,042,249 (down 1% from the same time period in 2021 when it was $1,056,894).

• 102 homes came on the market. That’s down 21% from July 2021.

• Homes that sold (closed) averaged 11 days on market, 1 day faster than in July 2021.

• There is currently a 1.5 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Vienna – and 120 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remained an aggressive Seller’s Market.  Inventory decreased just slightly from last month but was up 5% year-over-year.  The number of homes going under contract and new homes coming on the market decreased… and both of these numbers continue to be down from this time last year.  Average sold price was down from June as well as compared to July last year.

If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 1.5 and in the under $1 Million price range there is a 1.3 month supply. Buyers looking in both price ranges continue to face a Seller’s Market.  

Vienna June 2022 Home Sales:

• 77 homes went under contract in Vienna. This is down 25% from the same time period in 2021. 

• 70% of the homes that went to settlement in June 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,121,230 (up 17% from the same time period in 2021 when it was $955,674).

• 139 homes came on the market. That’s down 3% from June 2021.

• Homes that sold (closed) averaged 9 days on market, 6 days faster than in June 2021.

• There is currently a 1.5 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Vienna – and 125 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remained an aggressive Seller’s Market.  Inventory increased again from last month and was up 19% year-over-year.  The number of homes going under contract was down from last month but the number of new homes coming on the market increased slightly…both of these numbers continue to be down from this time last year.  Average sold price was down from May but was up compared to this month & quarter in 2021. 

If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 1.5 and in the under $1 Million price range there is also a 1.5 month supply. Buyers looking in both price ranges continue to face a Seller’s Market.  

Additional Quarter-End Stats – 2021 vs 2022:

Average sold price increased by 12% ($1,022,599 vs $1,145,702)

Total units sold decreased by 22%

Average sales price to original list price ratio increased – 103.1% vs 104.5%

Vienna May 2022 Home Sales:

• 105 homes went under contract in Vienna. This is down 12% from the same time period in 2021. 

• 84% of the homes that went to settlement in May 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,239,315 (up 19% from the same time period in 2021 when it was $1,042,291).

• 136 homes came on the market. That’s down 7% from May 2021.

• Homes that sold (closed) averaged 9 days on market, 12 days faster than in May 2021.

• There is currently a 1.0 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Vienna – and 83 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remained an aggressive Seller’s Market.  Inventory increased slightly from last month but was down 6% year-over-year.  The number of homes going under contract were in line with last month but the number of new homes coming on the market decreased slightly…both of these numbers continue to be down from this time last year.  Average sold price was up from April, as well as the same time last year. 

If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 1.4 and in the under $1 Million price range there is a 1.3 month supply. Buyers looking in both price ranges continue to face a Seller’s Market.  

Vienna April 2022 Home Sales:

• 111 homes went under contract in Vienna. This is down 16% from the same time period in 2021. 

• 83% of the homes that went to settlement in April 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,038, 588 (down 3% from the same time period in 2021 when it was $1,069,734).

• 146 homes came on the market. That’s down 16% from April 2021.

• Homes that sold (closed) averaged 13 days on market, the same as in April 2021.

• There is currently a 0.8 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Vienna – and 72 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remained an aggressive Seller’s Market.  Active listings decreased from the prior month and were down 17% year-over-year.  Average sold price was up slightly from March but down from April 2021. 

If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 1.3 and in the under $1 Million price range there is a 0.8 month supply. Buyers looking in both price ranges continue to face a Seller’s Market.  

Vienna March 2022 Home Sales:

• 82 homes went under contract in Vienna. This is down 39% from the same time period in 2021. 

• 78% of the homes that went to settlement in March 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,009,300 (down 2% from the same time period in 2021 when it was $1,030,381).

• 107 homes came on the market. That’s down 27% from March 2021.

• Homes that sold (closed) averaged 16 days on market, 10 days faster than in March 2021.

• There is currently a 0.5 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Vienna – and 48 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remained an aggressive Seller’s Market.  Inventory increased 41% from last month (but continues to be historically low) however sold prices again decreased slightly. 

Vienna February 2022 Home Sales:

• 75 homes went under contract in Vienna. This is down 13% from the same time period in 2021. 

• 73% of the homes that went to settlement in February 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $956,911 (down 2% from the same time period in 2021 when it was $979,283).

• 72 homes came on the market. That’s down 16% from February 2021.

• Homes that sold (closed) averaged 19 days on market, 17 days faster than in February 2021.

• There is currently a 0.4 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Vienna – and 34 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remained an aggressive Seller’s Market.  Inventory decreased slightly from last month and remained a big issue and prices were up from the previous month (but remained down year-over-year). 

If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 1.1 and in the under $1 Million price range there is a 0.3 month supply. Buyers looking in both price ranges continue to face an aggressive Seller’s Market.  

Vienna January 2022 Home Sales:

• 69 homes went under contract in Vienna. This is down 4% from the same time period in 2021. 

• 37% of the homes that went to settlement in January 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $900,144 (down 6% from the same time period in 2021 when it was $959,011).

• 65 homes came on the market. That’s down 11% from January 2021.

• Homes that sold (closed) averaged 39 days on market, 11 days slower than in January 2021.

• There is currently a 0.4 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Vienna – and 41 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remained an aggressive Seller’s Market.  Lots more of the same from 2021…very LOW inventory in the area remained a big issue in January.

If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 0.9 and in the under $1 Million price range there is a 0.4 month supply. Buyers looking in both price ranges continue to face an aggressive Seller’s Market.