The median price of a residence that sold in the Washington metro-area market in August was $341,900, according to data from Zillow.com. That’s more than double the national average, and an increase of 0.8 percent from July, the Washington Business Journal reported. Prices in the metro area are up 8.9 percent year-over-year.
Here in Vienna, the grass is greener:
Currently, there are more than 190 homes on the market with Vienna addresses, according to the MLS.
The median sales price is $715,000, according to data from Trulia, which up 9.2 percent from a year ago. The average sales price has also been trending upwards.
Homes in Vienna sold in an average of 42 days in the first half of 2013, and the current housing market is the fastest moving since 2005, Keller Williams Realty’s The Belt Team noted in a blog entry this summer.
Maybe it’s not a surprise—in August, Vienna was named the third-best small town to live in by CNN Money.
“Unlike other cookie-cutter suburbs in Northern Virginia, Vienna offers walkability, a historic center, and unique businesses that give Vienna an identity all its own," CNN Money said.
The most expensive home on the market in Vienna is listed for $2,975,000 at 2180 Hunter Mill Road.