Some people hear statistics and tune them out. I think it’s important (and exciting!) to stay on top of what’s going on in the real estate markets around us. Lucky for us, I’ve got pretty positive stats to share about our area! Prince William County continues to be a sought after area with great schools and attractions. Read on to see how the Bristow, Gainesville and Haymarket real estate markets fared over the second quarter of 2017.
Bristow has experienced steady growth over the second quarter of 2017. The 20136 zip code is growing faster than others in Virginia at a 10-year growth rate of 210.3 percent — that’s pretty significant! It also has a larger than average population of 23,552 people. Homes in Bristow have an average age of seven years, making most homes fairly new, and most people who live in Bristow own their own homes — nearly 87 percent, in fact! As the number of home sales increased, the average sales price fell a bit to $410,000. Bristow is a very healthy market with a low two months of inventory available to buyers, making the competition for homes high. It’s a sellers’ market right now, for sure!
Much like Bristow, most people in Gainesville own their own homes — a healthy 77 percent. Gainesville experienced ups and down over the first quarter of 2017, but it still boasts a healthy real estate market. At the end of June, the median sales price hovered around $430,000. Buyers will find a bit more of a selection in Gainesville than in Bristow with about three month’s inventory available. About 45 to 55 homes are sold in Gainesville each month. Despite having a bit more inventory, this area remains a sellers’ market, with a good deal of competition over listings.
Haymarket has a median income of $92,202 per household, and 75 percent of the population owns their homes. Haymarket boasted an average two to three months of inventory, making it also a sellers’ market. With the population growing (a 96.6 percent increase in the past 10 years), it’s a highly demanded place to live. Homes in Haymarket are typically more expensive than other spots in the state with a median home value of $418,200 and an average list price of $569,985. While this area still has a healthy real estate market, only a few homes are sold each month, whereas nearby Centreville boasts 50 to 60 each month. During this quarter, Haymarket saw an average of about six houses listed each month.
While each area remains a sellers’ market, Prince William County features a strong real estate market with new listings coming on the market each month. If you’re looking to purchase a home in Northern Virginia, Prince William County is a great place to settle. With good schools, a fantastic location and a healthy growth rate, come call PWC home! I’d love to help you find your next home in our area. Give me a call to get started. And if you’re selling a home too, remember, I stage for free when we use your furniture!