Vienna October 2024 Home Sales:

• 57 homes went under contract in Vienna. This is up 39% from the same time period in 2023. 

• 67% of the homes that went to settlement in October 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,088,046 (down 7.6% from the same time period in 2023 when it was $1,177,302).

• 51 homes came on the market. That’s up 16% from October 2023.

• Homes that sold (closed) averaged 14 days on market, 7 days faster than October 2023.

• There is currently a 1.6 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 95 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remained a Seller’s Market.  The number of homes coming on the market was down from the previous month but the number going under contract increased slightly.  Overall inventory was up from September, as well as up 27% year-over-year.  Average sold price decreased and was down from this time last year. 

Vienna September/Q3 2024 Home Sales:

• 53 homes went under contract in Vienna. This is down 4% from the same time period in 2023. 

• 61% of the homes that went to settlement in September 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,193,104 (up 1.6% from the same time period in 2023 when it was $1,174,270).

• 62 homes came on the market. That’s up 29% from September 2023.

• Homes that sold (closed) averaged 17 days on market, 9 days faster than September 2023.

• There is currently a 1.9 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 107 Vienna homes for sale (townhouse, condo and single-family).

Additional 3rd Quarter-End Stats – 2024 vs 2023:

Average sold price increased by 13% ($1,253,598 vs $1,113,533)

Total units sold increased by 5.4%

Average sales price to original list price ratio decreased slightly – 100.2% vs 100.4%

OVERALL: Vienna remained a Seller’s Market.  The number of homes coming on the market was unchanged from the previous month but the number going under contract decreased.  Overall inventory was up from August, as well as up 38% year-over-year.  Average sold price decreased but was up a bit from this 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 0.9 month supply. Buyers looking in both price ranges continue to face a Seller’s Market.  

Vienna August 2024 Home Sales:

• 66 homes went under contract in Vienna. This is up 35% from the same time period in 2023. 

• 58% of the homes that went to settlement in August 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,238,488 (up 16% from the same time period in 2023 when it was $1,068,481).

• 61 homes came on the market. That’s up 7% from August 2023.

• Homes that sold (closed) averaged 22 days on market, 7 days slower than in August 2023.

• There is currently a 1.6 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 90 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remained a Seller’s Market.  We saw an increase in the number of homes coming on the market and going under contract in August.  Overall inventory was up basically unchanged from last month, and was up 6% year-over-year.  Average sold price was down slightly from July but was up from this 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 0.5 month supply. Buyers looking in both price ranges continue to face a Seller’s Market.  

Vienna July 2024 Home Sales:

• 56 homes went under contract in Vienna. This is down 14% from the same time period in 2023. 

• 69% of the homes that went to settlement in July 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,316,655 (up 20% from the same time period in 2023 when it was $1,098,184).

• 58 homes came on the market. That’s down 16% from July 2023.

• Homes that sold (closed) averaged 24 days on market, 7 days slower than in July 2023.

• There is currently a 1.6 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 89 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remained a Seller’s Market.  We again saw a decrease in the number of homes coming on the market and going under contract in July.  Overall inventory was up slightly from last month, and was up 7% year-over-year.  Average sold price was basically unchanged from June and was up from this 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 1.2 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 June/Q2 2024 Home Sales:

• 71 homes went under contract in Vienna. This is down 5% from the same time period in 2023. 

• 74% of the homes that went to settlement in June 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,319,308 (up 12% from the same time period in 2023 when it was $1,179,195).

• 78 homes came on the market. That’s down 7% from June 2023.

• Homes that sold (closed) averaged 13 days on market, 2 days slower than in June 2023.

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

Additional 2nd Quarter-End Stats – 2024 vs 2023:

Average sold price increased by 16% ($1,308,041 vs $1,123,667)

Total units sold increased by 3.6%

Average sales price to original list price ratio increased slightly – 102.3% vs 102.2%

OVERALL: Vienna remained a Seller’s Market.  We saw a decrease in the number of homes coming on the market and going under contract in June.  Overall inventory was up slightly from last month, and was up 1% year-over-year.  Average sold price increased and was up from this 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 0.9 month supply. Buyers looking in both price ranges continue to face a Seller’s Market.  

Vienna May 2024 Home Sales:

• 87 homes went under contract in Vienna. This is up 14% from the same time period in 2023. 

• 73% of the homes that went to settlement in May 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,234,694 (up 15% from the same time period in 2023 when it was $1,071,238).

• 84 homes came on the market. That’s up 6% from May 2023.

• Homes that sold (closed) averaged 14 days on market, 3 days slower than in May 2023.

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

OVERALL: Vienna remained a Seller’s Market.  We saw a slight increase in the number of homes coming on the market and going under contract in May.  Overall inventory was very similar to last month, and was down 1% year-over-year.  Average sold price decreased but was up from this 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 0.7 month supply. Buyers looking in both price ranges continue to face a Seller’s Market.  

Vienna April 2024 Home Sales:

• 81 homes went under contract in Vienna. This is up 17% from the same time period in 2023. 

• 61% of the homes that went to settlement in April 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,385,358 (up 23% from the same time period in 2023 when it was $1,128,894).

• 81 homes came on the market. That’s up 23% from April 2023.

• Homes that sold (closed) averaged 26 days on market, 12 days slower than in April 2023.

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

OVERALL: Vienna remained a Seller’s Market.  We saw an increase in the number of homes coming on the market and going under contract in April.  Overall inventory was also up from last month, and was up 4% year-over-year.  Average sold price increased and was up from this 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 2.4 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 March/Q1 2024 Home Sales:

• 63 homes went under contract in Vienna. This is down 14% from the same time period in 2023. 

• 81% of the homes that went to settlement in March 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,232,817 (down 4% from the same time period in 2023 when it was $1,280,340).

• 59 homes came on the market. That’s down 34% from March 2023.

• Homes that sold (closed) averaged 7 days on market, 17 days faster than in March 2023.

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

Additional 1st Quarter-End Stats – 2024 vs 2023:

Average sold price decreased by 5% ($1,178,663 vs $1,241,115)

Total units sold increased by 3%

Average sales price to original list price ratio increased – 102% vs 99.1%

OVERALL: Vienna remained a Seller’s Market.  We saw a decrease in the number of homes coming on the market in March but an increase in the number going under contract.  Overall inventory was up very little from last month, but was down 4% year-over-year.  Average sold price was up from March and but down from this 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 2.1 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 February 2024 Home Sales:

• 53 homes went under contract in Vienna. This is down 5% from the same time period in 2023. 

• 71% of the homes that went to settlement in February 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,113,155 (down 18% from the same time period in 2023 when it was $1,348,607).

• 66 homes came on the market. That’s up 69% from February 2023.

• Homes that sold (closed) averaged 25 days on market, 16 days faster than in February 2023.

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

OVERALL: Vienna remained a Seller’s Market.  We saw an increase in the number of homes coming on the market and going under contract in February.  Overall inventory was up from last month, and was up 31% year-over-year.  Average sold price was down from January and was also down from this 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 0.5 month supply. Buyers looking in both price ranges continue to face a Seller’s Market.  

Vienna January 2024 Home Sales:

• 48 homes went under contract in Vienna. This is up 2% from the same time period in 2023. 

• 50% of the homes that went to settlement in January 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,189,281 (up 18% from the same time period in 2023 when it was $1,010,749).

• 48 homes came on the market. That’s down 9% from January 2023.

• Homes that sold (closed) averaged 26 days on market, 7 days faster than in January 2023.

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

OVERALL: Vienna remained a Seller’s Market.  2024 started with an increase in the number of homes coming on the market and going under contract compared to year-end 2023.  Overall inventory, also increased slightly from last month but is still down 17% year-over-year.  Average sold price was up a bit from December and remains up 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 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.