Vienna December 2023 Home Sales:

• 31 homes went under contract in Vienna. This is down 6% from the same time period in 2022. 

• 38% of the homes that went to settlement in December 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,162,762 (up 5% from the same time period in 2022 when it was $1,110,828).

• 26 homes came on the market. That’s down 30% from December 2022.

• Homes that sold (closed) averaged 29 days on market, 2 days slower than in December 2022.

• 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 54 Vienna homes for sale (townhouse, condo and single-family).

Additional Year-End Stats – 2023 vs 2022:

Average sold price increased by 8.6% ($1,151,448 vs $1,060,461)

Total units sold decreased by 24%

Average sales price to original list price ratio decreased – 100.6% vs 101.3%

OVERALL: Vienna remained a Seller’s Market.  Inventory was down from the prior month and down 19% year-over-year.   The number of homes going under contract and coming on the market decreased and both remain down from year-end 2022.  Average sold price was up from November and up compared to 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 1.6 and in the under $1 Million price range there is a 0.3 month supply. Buyers looking in both price ranges continue to face a Seller’s Market.  

Vienna November 2023 Home Sales:

• 37 homes went under contract in Vienna. This is down 36% from the same time period in 2022. 

• 58% of the homes that went to settlement in November 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,069,512 (up 7% from the same time period in 2022 when it was $995,466).

• 36 homes came on the market. That’s down 46% from November 2022.

• Homes that sold (closed) averaged 21 days on market, 1 day slower than in November 2022.

• 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 70 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remained a Seller’s Market.  Inventory was down slightly from the prior month and down 20% year-over-year.   The number of homes going under contract and coming on the market decreased and both remain down significantly from this time last year.  Average sold price was down just a bit from October but up compared to 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 1.6 and in the under $1 Million price range there is a 0.3 month supply. Buyers looking in both price ranges continue to face a Seller’s Market.  

Vienna October 2023 Home Sales:

• 41 homes went under contract in Vienna. This is down 18% from the same time period in 2022. 

• 49% of the homes that went to settlement in October 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,177,302 (up 8% from the same time period in 2022 when it was $1,089,190).

• 44 homes came on the market. That’s down 40% from October 2022.

• Homes that sold (closed) averaged 21 days on market, 11 days faster than in October 2022.

• 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 75 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remained a Seller’s Market.  Inventory was down slightly from the prior month and down 29% year-over-year.   The number of homes going under contract increased coming on the market decreased and both remain down from this time last year.  Average sold price was up just a bit from September and compared to the same time last year.

Vienna September/Q3 2023 Home Sales:

• 55 homes went under contract in Vienna. This is up 4% from the same time period in 2022. 

• 52% of the homes that went to settlement in September 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,174,270 (up 23% from the same time period in 2022 when it was $952,779).

• 48 homes came on the market. That’s down 44% from September 2022.

• Homes that sold (closed) averaged 26 days on market, 18 days faster than in September 2022.

• 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 77 Vienna homes for sale (townhouse, condo and single-family).

Additional 3rd Quarter-End Stats – 2023 vs 2022:

Average sold price increased by 12% ($1,113,533 vs $992,659)

Total units sold decreased by 17%

Average sales price to original list price ratio increased – 100.4% vs 98.3%

OVERALL: Vienna remained a Seller’s Market.  Inventory was down from the prior month and down 31% year-over-year.   The number of homes going under contract increased but the number coming on the market was down (and remains down significantly from this time last year).  Average sold price was up from August and compared to 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 1.7 and in the under $1 Million price range there is a 0.3 month supply. Buyers looking in both price ranges continue to face a Seller’s Market.  

Vienna August 2023 Home Sales:

• 49 homes went under contract in Vienna. This is down 25% from the same time period in 2022. 

• 58% of the homes that went to settlement in August 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,068,481 (up 10% from the same time period in 2022 when it was $972,565).

• 57 homes came on the market. That’s down 29% from August 2022.

• Homes that sold (closed) averaged 15 days on market, 4 days faster than in August 2022.

• 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 85 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remained a Seller’s Market.  Inventory was up slightly from the prior month but down 21% year-over-year.   The number of homes going under contract and coming on the market were down.  And both of these numbers continue to be down from this time last year.  Average sold price was down slightly from July but up compared to 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 1.6 and in the under $1 Million price range there is a 0.5 month supply. Buyers looking in both price ranges continue to face a Seller’s Market.  

Vienna July 2023 Home Sales:

• 65 homes went under contract in Vienna. This is down 13% from the same time period in 2022.

• 69% of the homes that went to settlement in July 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,098,184 (up 5.4% from the same time period in 2022 when it was $1,042,249).

• 69 homes came on the market. That’s down 32% from July 2022.

• Homes that sold (closed) averaged 17 days on market, 6 days slower than in July 2022.

• 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 83 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remained a Seller’s Market.  Inventory was down slightly from the prior month and down 31% year-over-year.   The number of homes going under contract and coming on the market were down.  And both of these numbers continue to be down from this time last year.  Average sold price was down from June but up compared to 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 1.6 and in the under $1 Million price range there is a 0.4 month supply. Buyers looking in both price ranges continue to face a Seller’s Market.  

Vienna June/Q2 2023 Home Sales:

• 75 homes went under contract in Vienna. This is down 2.6% from the same time period in 2022. 

• 66% of the homes that went to settlement in June 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,179,195 (up 5.2% from the same time period in 2022 when it was $1,121,230).

• 84 homes came on the market. That’s down 40% from June 2022.

• Homes that sold (closed) averaged 15 days on market,6 days slower than in June 2022.

• 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 85 Vienna homes for sale (townhouse, condo and single-family).

Additional 2nd Quarter-End Stats – 2023 vs 2022:

Average sold price decreased by 1.9% ($1,123,667 vs $1,145,702)

Total units sold decreased by 24%

Average sales price to original list price ratio decreased – 102.2% vs 104.5%

OVERALL: Vienna remained a Seller’s Market.  Inventory was up slightly from the prior month but down 32% year-over-year.   The number of homes going under contract was basically unchanged and the number coming on the market increased.  Both of these numbers continue to be down from this time last year.  Average sold price was up from May as well as compared to 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 2.0 and in the under $1 Million price range there is a 0.4 month supply. Buyers looking in both price ranges continue to face a Seller’s Market.  

Vienna May 2023 Home Sales:

• 76 homes went under contract in Vienna. This is down 28% from the same time period in 2022. 

• 79% of the homes that went to settlement in May 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,071,238 (down 14% from the same time period in 2022 when it was $1,239,315).

• 79 homes came on the market. That’s down 42% from May 2022.

• Homes that sold (closed) averaged 11 days on market, 2 days slower than in May 2022.

• 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 82 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remained a Seller’s Market.  Inventory was up from the prior month but down 1.2% year-over-year.   The number of homes going under contract and coming on the market increased, but both of these numbers continue to be down significantly from this time last year.  Average sold price was down from April as well as compared to 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 2.3 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 April 2023 Home Sales:

• 69 homes went under contract in Vienna. This is down 38% from the same time period in 2022. 

• 86% of the homes that went to settlement in April 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,128,894 (up 8.7% from the same time period in 2022 when it was $1,038,588).

• 66 homes came on the market. That’s down 55% from April 2022.

• Homes that sold (closed) averaged 14 days on market, 1 day slower than in April 2022.

• 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 76 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remained a Seller’s Market.  Inventory was up from the prior month and up 5.6% year-over-year.   The number of homes going under contract and coming on the market decreased, and both of these numbers continue to be down significantly from this time last year.  Average sold price was down slightly from March but up compared to 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 1.8 and in the under $1 Million price range there is a 0.4 month supply. Buyers looking in both price ranges continue to face a Seller’s Market.  

Vienna March/Q1 2023 Home Sales:

• 73 homes went under contract in Vienna. This is down 11% from the same time period in 2022. 

• 57% of the homes that went to settlement in March 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,280,340 (up 27% from the same time period in 2022 when it was $1,009,300).

• 89 homes came on the market. That’s down 17% from March 2022.

• Homes that sold (closed) averaged 24 days on market, 8 days slower than in March 2022.

• There is currently a 1.1 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).

Additional 1st Quarter-End Stats – 2022 vs 2023:

Average sold price increased by 30% ($1,241,115 vs $957,836)

Total units sold decreased by 27%

Average sales price to original list price ratio decreased – 102.5% vs 99.1%

OVERALL: Vienna remained a Seller’s Market.  Inventory was up from the prior month and up 50% year-over-year.   The number of homes going under contract and coming on the market also increased, but both of these numbers continue to be down from this time last year.  Average sold price was down from February but up compared to the end of the first quarter last year.

Vienna February 2023 Home Sales:

• 56 homes went under contract in Vienna. This is down 25% from the same time period in 2022. 

• 43% of the homes that went to settlement in February 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,348,607 (up 41% from the same time period in 2022 when it was $956,911).

• 39 homes came on the market. That’s down 46% from February 2022.

• Homes that sold (closed) averaged 41 days on market, 22 days slower than in February 2022.

• There is currently a 0.7 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 51 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 50% year-over-year.   The number of homes going under contract was up a bit but the number coming on the market decreased…both of these numbers continue to be down from this time last year.  Average sold price was up from January and up compared to the end of February 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 2.2 and in the under $1 Million price range there is a 0.4 month supply. Buyers looking in both price ranges continue to face a Seller’s Market.  

Vienna January 2023 Home Sales:

• 47 homes went under contract in Vienna. This is down 32% from the same time period in 2022. 

• 39% of the homes that went to settlement in January 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,010,749 (up 12.3% from the same time period in 2022 when it was $900,144).

• 53 homes came on the market. That’s down 18% from January 2022.

• Homes that sold (closed) averaged 33 days on market, 8 days faster than in January 2022.

• 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 63 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 54% year-over-year.   The number of homes going under contract and coming on the market increased, but both of these numbers continue to be down from this time last year.  Average sold price was down from December but up compared to the end of January 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 1.8 and in the under $1 Million price range there is a 0.2 month supply. Buyers looking in both price ranges continue to face a Seller’s Market.