Centreville Housing Market Update: Prices Ease, Sales Pick Up
Centreville, VA – March 16, 2026 – Home prices dipped year-over-year in February as sales rose and homes moved quickly amid steady buyer demand.
The Centreville housing market showed mixed signals in February, with prices edging down from a year ago even as sales activity increased and homes continued to move quickly.
Top takeaways
- Median sale price: $600,000 in February, down 5.5% year-over-year.
- 42 homes sold, up from 32 a year earlier.
- Median days on market: 21 days.
- Typical home value: $613,579, down 0.3% over the past year.
Market snapshot
According to Redfin, Centreville’s median sale price was $600,000 in February 2026, a 5.5% decline compared with February 2025. Despite softer pricing, activity increased: 42 homes sold, up 31% from a year earlier. Homes averaged 21 days on the market, indicating continued competition for well-priced properties.
Zillow’s data shows a typical home value of $613,579 as of January 31, 2026, down 0.3% year-over-year. Inventory stood at 85 homes, with 33 new listings that month. Homes are going pending in a median of 12 days, and about 36% of sales recently closed above list price, suggesting buyers are still stepping up for desirable properties.
What buyers and sellers are seeing
Active listings on major portals show a mix of townhomes, single-family houses, and condos across a broad price range. Move-in-ready townhomes and updated single-family homes in established neighborhoods appear to draw the quickest offers, while higher-priced properties may take longer to secure contracts.
With mortgage rates hovering near the mid-6% range nationally in early March, affordability remains a key factor. Even so, Centreville’s relatively tight marketing times point to steady underlying demand in this Fairfax County community.
Outlook
Heading into the spring season, rising sales alongside slightly lower year-over-year prices could create opportunities for buyers who were sidelined last year. Sellers, meanwhile, may need to price strategically but can still benefit from limited inventory and brisk days-to-pending times.
What are you seeing in your neighborhood — more listings, quicker sales, or price reductions?
Sources
https://www.redfin.com/city/22018/VA/Centreville/housing-market
https://www.zillow.com/home-values/248071/centreville-va/
https://www.zillow.com/centreville-va/