The Long & Foster Market Minute

Focus On: Sterling and Dulles Housing Market March 2021

Zip Code(s): 20164 and 20166
Units Sold
72
Active Inventory
21
Median Sale Price
$466,000
Days On Market
7
Up 7%
Vs. Year Ago
Down -66%
Vs. Year Ago
Up 6%
Vs. Year Ago
Down -50%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 72 sold this month in Sterling and Dulles Real Estate versus 54 last month, an increase of 33%. This month's total units sold was higher than at this time last year, an increase of 7% versus March 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 40 units or 66%. The total number of active inventory this March was 21 compared to 61 in March 2020. This month's total of 21 is lower than the previous month's total supply of available inventory of 30, a decrease of 30%.

Median Sale Price
Last March, the median sale price for Sterling and Dulles Homes was $439,000. This March, the median sale price was $466,000, an increase of 6% or $27,000 compared to last year. The current median sold price is 1% higher than in February.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
113
Current Contracts
113
Sold Vs. List Price
102.4%
Months of Supply
0.3
Up 7%
Vs. Year Ago
Up 36%
Vs. Year Ago
Up 1.5%
Vs. Year Ago
Down -68%
Vs. Year Ago

Months of Supply
In March, there was 0.3 months of supply available in Sterling and Dulles, compared to 0.9 in March 2020. That is a decrease of 68% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 113 homes newly listed for sale in Sterling and Dulles compared to 106 in March 2020, an increase of 7%. There were 113 current contracts pending sale this March compared to 83 a year ago. The number of current contracts is 36% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Sterling and Dulles was 102.4% of the average list price, which is 1.5% higher than at this time last year.

Days on Market
This month, the average number of days on market was 7, lower than the average last year, which was 14, a decrease of 50%.

The Long & Foster Market Minute Sterling and Dulles are defined as properties listed in zip code/s 20164 and 20166.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.