The Market Report

THE MARKET REPORT

The State of the Market

For the year ending 2025, the Tysons, Virginia condo market returned to a more balanced market for buyers and sellers as evidenced by a few key year-over-year pricing and volume adjustments. Indeed, sales volume in the Tysons, Virginia condo market saw a decline from 118 transactions in 2024 to 96 transactions in 2025, representing an 18.64% year over year decrease.

Despite this, the top sales of the year demonstrate the continued demand for luxury condo living, with The Monarch being the primary driver of high-end volume.

Of note, the highest condo sale in Tysons, Virginia for the year ending 2025 was a 2-bedroom residence at The Monarch, which sold for $1,975,000 in May 2025. The second-highest sale was also at The Monarch, a 3-bedroom residence that sold for $1,950,000 in December 2025. The top sale of the preceding year was also a 3-bedroom residence at The Monarch, selling for $2,754,000 in December 2024.

Analysis of key metrics for the Tysons, Virginia condo market at large shows the average sale price for a condo in Tysons, Virginia in 2025 was $652,025, a 13.03% decrease from the previous year, while the average price per square foot was $507.63, a nearly 5.92% decrease from the same period. Additionally, the average monthly condo fee for 2025 was $507.63, a dramatic 42.16% decrease from the previous year's average of $877.60.

While price metrics have seen a decline, the single most telling signal of market rebalancing is the significant 36.42% increase in the average Days on Market from 37 days in 2024 to 51 days in 2025, which suggests that the market is taking longer to absorb inventory.

For sellers, this means a greater need for strategic pricing and preparation. For buyers, it signals increased negotiation power and more time to make a decision. This is further compounded by the dramatic shift in average condo fees, which is explained by a change in the product mix.

“The market's resilience is evident, but the numbers reflect a clear change in the center of gravity for sales activity,” says Byron V. Hughey, Vice President at TTR Sotheby’s International Realty.

“The significant year-over-year decrease in the average condo fee suggests a sales shift away from the most expensive, highest-fee luxury buildings that dominated the 2024 sales cycle and toward more mid-tier and legacy residences with substantially lower amenity packages and operational costs. Combined with the longer Days on Market, the data demonstrates a broadening of the market that favors well-informed buyers, creating a more balanced and nuanced environment for all navigating the Tysons, Virginia condo market.”

in 2026, it will be worth keeping an eye on the newly announced ultra-luxury condos at The Ritz-Carlton Residences. Set to deliver in 2028 with larger floor plans and ultra-luxury amenities, the project is anticipated to have a significant elevating effect on the Tysons, Virginia condo market.

In nearby McLean, Virginia, led by properties like newly-delivered The Lowell and The Signet, we find a valuable comparison point that reinforces the value proposition of Tyson, Virginia’s high-rise offerings, while attracting a slightly different buyer demographic.