• Homes currently for sale: 22
  • Closed sales for homes in September 2013: 8
  • Average sale price: $547,500
  • Average list price: $550,251
  • Sales price to list price ratio: 99.5%
  • Average days on the market: 12
  • Number of sales currently pending: 21
  • Chantilly Absorption rate for homes: 2.75 months of inventory. A normal, or balanced absorption rate is 5-7 months of inventory. Less than 5 months of inventory is indicative of a seller’s market, while more than 7 months of inventory is indicative of a buyer’s market.

Currently Listed Chantilly Single Family Homes for Sale

This Chantilly home market report analyzes the sale of single family detached homes (not condos or townhouses). Chantilly is currently in a seller’s market, as evidenced by the low level of inventory, which is at 2.75 months as of today, October 29th. Another piece of data that is reflective of the seller’s market is the average number of days on the market for homes in Chantilly. That number in September was 12, which was 68% lower than the average in September from the past 5 years, which was 37 days. A lower average number of days on the market often points to higher buyer demand. It’s also interesting to note that the average sale price of homes in Chantilly increased from $522,597 in August to $547,500 in September.

However, despite the strong seller’s market, closed home sales in September were down from August of this year. In August, there were 20 closed home sales in Chantilly, while there were only 8 closed sales in September. Also, the contract ratio (the number of homes under contract compared to active listings not yet under contract) for home sales in Chantilly was lower this September than the 5-year September average. It was .51 this September, compared to the 5-year September average of .56. Overall, a higher contract ratio points to market movement in favor of sellers, while a lower contract ratio points to market movement in favor of buyers. It’s still too early to tell, but it’s possible that this lower contract ratio could point to some slackening in the Chantilly seller’s market. This could also simply be due to a seasonal shift in home market activity.

Home sellers in Chantilly are still in a position to benefit from the low level of inventory. Call me on my cell phone at 703-462-0700 to request a free comparative market analysis. This will give you an idea of how much your home is worth and will help you decide if it’s a good time to sell.

Home buyers in Chantilly should find a great buyer agent to help them get the best deal possible. I’m an experienced buyer agent who grew up in Northern Virginia. I know this market very well, and would be happy to go to work for you to find you a great home in Chantilly!