As of 2026, the median home price in Centreville, Virginia, is around the mid-$600,000 range. According to Redfin data, the three-month average median price up to April 2026 is approximately $600,000, while Houzeo reports a figure of $617,205 as of March 2026. Are you feeling anxious? Many people are hesitant to make a decision because they can't gauge whether home prices are rising or falling, so let me give you the conclusion upfront. Centreville is still a tight seller's market, but it has entered a slight adjustment phase compared to last year, providing some relief for buyers.

Looking closely at the market indicators, the figure of 1.8 months of supply stands out. Typically, six months is considered the balance point for supply and demand, so 1.8 months indicates a continued shortage of supply. When listings come on the market, they are typically under contract within an average of 22 days, and they are selling for 101.46% of the asking price, leading to frequent multiple offer situations. However, the percentage of homes sold above the listing price has decreased from 61.54% last year to 57.89% this year, signaling a gradual cooling of the market.

In terms of price types, the housing composition in Centreville is interesting. Nearly half of the available listings are townhomes, which have a lower entry price point compared to other areas in Fairfax County. The median price for single-family homes is around $605,000, with some data providers reporting values as high as $626,000 based on AVM (Automated Valuation Model). This is certainly something to think about, as your budget planning can vary significantly depending on whether you choose a townhome or a single-family home.

• Median Sale Price (Redfin, as of April 2026): approximately $600,000
• Median Sale Price (Houzeo, as of March 2026): $617,205
• AVM Estimated Median Price (based on last year's listings): $626,000
• Inventory Level: 1.8 months (indicating a supply shortage)
• Average Days to Sell: 22 days
• Sale Price to Listing Price Ratio: 101.46%
• Percentage of Sales Above Listing Price: 57.89% (slightly down from 61.54% last year)

Regarding mortgage rates, as of 2026, the 30-year fixed rate remains in the mid to high 6% range, which is a significant burden for buyers. However, the Virginia REALTORS Association forecasts that as rates gradually stabilize, home prices in Northern Virginia, including Centreville, will rise by 2-4% annually. This means that expecting a sudden drop and waiting it out may not be a beneficial strategy.

From my nearly 30 years of observing the Northern Virginia market, I feel that Centreville is a region with a solid demand base due to its reasonable price points centered around townhomes, excellent school districts, and accessibility to Route 66. There is a high likelihood of gradual price increases or stabilization rather than sharp corrections. However, since there can be significant variations based on the condition and location of individual properties, I strongly recommend conducting a detailed analysis of specific listings with a local agent.

(Sources: Redfin Centreville Housing Market 2026, Houzeo Centreville VA Housing Market 2026, Virginia REALTORS 2026 Market Predictions, Long and Foster Market Minute Centreville VA, as of 2026 / This article does not constitute investment or legal advice, and it is recommended to consult with a professional before making any contracts.)