May 2025

🏡 Detached Homes

Market Activity:
Sales dipped slightly in May 2025, with 98 homes sold, down from 110 the previous year. This 10.9% decline suggests a slight pullback in buyer activity for larger single-family homes, possibly due to interest rate sensitivity at higher price points.

Days on Market:
Homes took 30 days on average to sell, up from 27 days in 2024. This small increase indicates buyers are taking a bit more time to make purchasing decisions in this segment.

Sales Price:
Despite the slower pace, prices increased from an average of $1,350,000 in May 2024 to $1,425,000 in May 2025—a 5.6% increase, showing that demand remains strong for well-located detached properties even in a cautious market.

🏘️ Townhouses

Market Activity:
Townhome sales also saw a slight decrease—78 units sold in May 2025, compared to 85 in May 2024. While this 8.2% decline mirrors broader market trends, the category is still seeing healthy turnover.

Days on Market:
The average DOM rose from 22 to 25 days, a modest change that suggests the market is still moving but requires more intentional pricing and presentation.

Sales Price:
The average price jumped from $890,000 to $920,000, representing a 3.4% gain. This uptick reflects continued appeal for townhomes that balance space, location, and low maintenance—especially for move-up buyers or downsizers.

🏢 Condos

Market Activity:
Condo sales experienced a drop, with 130 sold in May 2025, down from 140 in 2024. While modest (7.1%), this reflects growing inventory and more buyer choice in this segment.

Days on Market:
Days on market increased slightly from 30 to 32, consistent with seasonal fluctuations and inventory saturation.

Sales Price:
Despite more options for buyers, prices held strong, rising from $640,000 to $655,000—a 2.3% increase, signaling solid investor and first-time buyer interest in urban, well-located properties like those near Crystal City, Pentagon City, and Ballston.

📊 Key Takeaways

  • Inventory is higher, which means more competition and more strategic marketing is necessary to stand out.

  • Prices are still rising, though at a slower pace, suggesting resilience in buyer demand, particularly in sought-after neighborhoods.

  • Homes are taking slightly longer to sell, which aligns with national trends influenced by interest rates and economic caution.