TYSONS CONDOSThe Market Report
Discover the data and trends powering the condo market in Tysons, Virginia
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TYSONS, VIRGINIAKey Insights
Explore key insights about the condo market in Tysons, Virginia for the year ending 2023
AVERAGE SALE PRICE
$885,436
The average days on market for condos sold in Tysons, Virginia
AVERAGE PRICE PER SQ. FT.
$590.00 / Sq. Ft.
The average price per square foot for condos sold in Tysons, Virginia
AVERAGE DAYS ON MARKET
79 Days
The average days on market for condos sold in Tysons, Virginia
THE MARKET REPORTThe State of the Market
For the year ending 2023, the condo market in Tysons, Virginia was dominated by the grand opening of The Monarch. Located in the heart of Tysons, Virginia, The Monarch is a luxury high rise condominium residence developed by The Mayhood Companies.
Featuring 27 ultra-luxury condominium residences, The Monarch includes 8 of the top 10 sales for the year ending 2023, including the penthouse residence which sold for a record $3,887,772 in June 2023.
The penthouse residence at The Monarch features 3 bedrooms, 3 full bathrooms, and one half bathroom, as well as a patio, balcony and more. The sale of the penthouse unit includes direct access elevator, a 1,390 Sq. Ft. wrap around terrace, and a stunning floor-to-ceiling gas fireplace.
Despite the saturation of high end luxury condominium sales in 2023, the Tysons, Virginia condo market is healthy, with a good balance of high-end and more affordable options.
At The Rotonda, the largest condominium residence in Tysons, Virginia, there were a total of 40 sales in 2023. With an average sale price of $494,215, The Rotonda represents the more affordable options for those seeking a condo in Tysons, Virginia.
For the year ending 2023, the average sale price for a condo in Tysons, Virginia was $885,436, the average price per square foot was $590.00, and average monthly condo fees were $901.33.
TYSONS CONDOSFind Your Next Condo in Tysons, Virginia
Explore a curated collection of the best condominium residences in Tysons, Virginia
AGENT NETWORK“Home to Fortune 500 corporations and world-class restaurants, the condo market in Tysons, Virginia is among the most dynamic in Northern Virginia.”
— Byron V. Hughey, Vice President at TTR Sotheby’s International Realty
MARKET REPORTThe Top 10 Condo Sales
Explore the top condo sales in Tysons, Virginia for the year ending 2023 courtesy of Bright MLS
1). The Monarch · Unit #2002 · 3.0 Bed · 3.5 Bath · 3,390 Sq. Ft. · $3,887,772 · Learn More »
2). The Monarch · Unit #1703 · 3.0 Bed · 3.0 Bath · 2,780 Sq. Ft. · $2,820,000 · Learn More »
3). The Monarch · Unit #1803 · 3.0 Bed · 3.0 Bath · 2,820 Sq. Ft. · $2,650,950 · Learn More »
4). The Monarch · Unit #1603 · 3.0 Bed · 3.0 Bath · 2,780 Sq. Ft. · $2,497,750 · Learn More »
5). The Monarch · Unit #1701 · 2.0 Bed · 2.0 Bath · 2,284 Sq. Ft. · $2,395,000 · Learn More »
6). The Monarch · Unit #1804 · 2.0 Bed · 2.5 Bath · 2,350 Sq. Ft. · $2,303,000 · Learn More »
7). The Monarch · Unit #1704 · 2.0 Bed · 2.5 Bath · 2,350 Sq. Ft. · $2,197,315 · Learn More »
8). The Signet · Unit #500 · 3.0 Bed · 3.5 Bath · 3,182 Sq. Ft. · $2,150,000 · Learn More »
9). The Monarch · Unit #1604 · 2.0 Bed · 2.5 Bath · 2,350 Sq. Ft. · $2,060,000 · Learn More »
10). The Signet · Unit #523 · 2.0 Bed · 2.5 Bath · 2,553 Sq. Ft. · $1,999,000 · Learn More »
THE MARKET REPORTFrequently Asked Questions
Browse frequently asked questions about our industry research, data, and reporting methodologies
HOW DO I GET ACCESS TO YOUR INDUSTRY RESEARCH?
Raw market data is available for free to members of our Partner Network. Additionally, you may purchase individual reports for a one time fee of $99.95.
WHAT KIND OF DATA IS INCLUDED IN YOUR INDUSTRY RESEARCH?
Industry research and reports include a variety of data, including anecdotes regarding the business of new home construction from industry professionals, as well as a complete list and data set of all new construction homes in the market.
HOW DO I SPONSOR YOUR INDUSTRY REPORTS?
Market data and research may be sponsored upon request. To learn more, please contact partners@tysonscondos.co.
WHAT CRITERIA IS USED TO ACQUIRE DATA FOR THE REPORT?
Sales data is acquired from closed sales transactions as published in Bright MLS. In addition, the report focuses only on condo sales from a sampling of the most popular condominium residences in Tysons, Virginia, including: The Monarch, The Bexley, The Verse, One Park Crest, The Rotonda, and Lillian Court.
HOW DO YOU ACQUIRE DATA FOR YOUR REPORTS?
Data for our reports is acquired through a combination of public, private, and panel-based sources. For editorial content and insights, we survey licensed real estate agents and real estate developers with experience in the Tysons, Virginia condo market.
HOW DO YOU DETERMINE YOUR KEY INSIGHTS ABOUT THE MARKET?
Key Insights focus on a specific segment of the housing market, specifically those that are single family homes, detached, and and designated as fee simple.
THE MARKET REPORTDownload the Complete Data Set
Learn more about the Tysons, Virginia condo market. Download a CSV of complete sales data for only $99.95.