Is the Northern Virginia housing market crashing?
No. In September 2026 the median house or townhouse sold for $785,000, the same as in September 2025, and the price per square foot rose 1.8% to $396. What has eased is competition: 29% of homes sold over asking, against 33% a year earlier, and 1,478 homes sold, 10% fewer. Source: Bright MLS closed sales, September 1 to 30 of each year, condos not included.
Are home prices going down in Northern Virginia?
No. In September 2026 the median house or townhouse sold for $785,000, the same as in September 2025, and the price per square foot was up 1.8% to $396. Houses were up 3.1% to $914,750 and townhouses up 2.3% to $655,000. What has eased is competition: 29% of homes sold over asking, against 33% a year earlier. Source: Bright MLS closed sales, September 1 to 30 of each year, condos not included.
Is Northern Virginia a buyer's or a seller's market right now?
Balanced, by the NoVA Index barometer. In September 2026, 29% of houses and townhouses sold for more than their list price, inside the band from 20% to under 35% that the Index calls balanced. In April 2026 it was 53%, a bidding-war spring. The median home still sold in 14 days, so well-priced homes sell quickly.
What is the median home price in Northern Virginia?
$785,000 for houses and townhouses that closed from September 1 to 30, 2026 (1,478 sales, condos not included). Houses alone: $914,750. Townhouses alone: $655,000. Arlington and Alexandria cost the most per square foot; Prince William the least.
How fast are homes selling in Northern Virginia?
The median house or townhouse that closed in September 2026 sold in 14 days on the market, against 15 days in September 2025. In spring 2026 the monthly median was 5 to 6 days: 6 in March and May, 5 in April.
What is the NoVA Index?
A monthly report on Northern Virginia home prices by Ahmed Makkiyah, REALTOR® with Douglas Realty of Virginia. It uses every closed sale of a detached house or fee-simple townhouse in Fairfax, Loudoun, Prince William and Arlington counties and the cities of Alexandria, Fairfax, Falls Church, Manassas and Manassas Park, from Bright MLS. Each month is compared with the same month a year earlier. The method stays the same from month to month, and every edition is kept.
When does the next NoVA Index come out?
Each edition comes out in the first days of the following month, once the month's sales have closed. The October 2026 edition is due in early November 2026.