Northern Virginia Home Prices Mixed in September

by Tim Trainum

Summer Decline in Home Prices Possibly Showing Signs of Firming

NoVa Prices Decline 2.7% in September: Mainly represented by Fairfax and Loudoun counties. Conversely, Arlington and Prince William experienced an uptick in prices. Easing prices since the May highs could be showing signs of possible firming into the fall season as the Home Demand Index rises.
Sellers Hold onto Price Gains: Northern Virginia home prices began the year in January at a median price of $505,000. Prices rapidly appreciated to $603,000 (19%) by the end of May. Between June to September, the median price fell 8.8% to $550,000. Even with the summer decline, property owners hold onto about half their 2021 gains - $45,000 of the $98,000.
Buyers Prefer Suburban Areas: Migration to the suburbs continues to be a clear preference for buyers. The top three appreciating sub-markets YTD 2021 are Manassas (15%), Loudoun (13%) and Fauquier (13%), with Arlington (-2%), Alexandria (5%) and Falls Church (6%) lagging the most of NoVa sub-markets.
Home Demand Index Rises in September: The Home Demand Index (HDI) is a Bright MLS tool that measures and tracks housing demand, home prices, and home buying activities by analyzing property data gathered from the MLS. Consistent with the July price decline, the HDI fell 35 points (22%) to 123 from an April high of 158. The HDI was flat in August, falling only 1 point to 122, but increased to 129 in September. HDI values of 130 and above are considered "High" demand. If you want to see the full report on the current Home Demand Index, here's the link ....
Buyer Opportunity Sits at Relative High: The housing market remains competitive and seller advantaged. However, buyers are now competing with much more success and confronting fewer instances of multiple offers. Also during a time when interest rates are holding at near all-time lows (2.75 to 3% depending on loan type). Buyers who have been waiting on the sidelines or exited the market would be pleasantly surprised to see how the current market can be more successfully navigated.

Categories: Buyers

Tim Trainum Properties

43777 Central Station Drive
Suite 390
Ashburn, VA 20147

Office: (571) 386-1075 Cell: (703) 568-6750 Email Me

Browse My Site

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/17/2026. The listing information on this page last changed on 04/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Bright MLS (last updated Thu 04/16/2026 7:53:33 PM EST) or (last updated Fri 04/17/2026 4:40:50 AM EST). Real estate listings held by brokerage firms other than Delta Agent Sites may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
Privacy Policy / DMCA Notice / ADA Accessibility

Northern Virginia Home Prices Mixed in September

Browse My Site

Login to My Homefinder

We have detected that you have cookies disabled.