Is Arlington County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Arlington County has remained a Seller's Market.
Key Takeaway
Arlington County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Arlington County, VA
How much do homes in Arlington County, VA cost?
Median Sold Price
$751,931
$476/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Arlington County have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Arlington County was $751,931 in May 2024, up 7.6% from last year, and the median price per square foot was $476.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $342K | $331.3K | -3.1% |
| 2 Bedrooms | $555K | $590K | +6.3% |
| 3 Bedrooms | $870K | $925K | +6.3% |
| 4 Bedrooms | $1.1M | $1.2M | +5.0% |
| 5+ Bedrooms | $1.8M | $1.8M | +0.9% |
Summary: Arlington County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Counties
| Arlington County | $698.8K | $751.9K | +7.6% |
| Fairfax County | $651.2K | $696K | +6.9% |
Housing Supply in Arlington County, VA
How many homes are available in Arlington County, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 623 | 696 | +11.7% |
Summary: The Arlington County real estate market had 696 homes for sale in May 2024, a 11.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 131 | 148 | +13.0% |
| 2 Bedrooms | 169 | 192 | +13.6% |
| 3 Bedrooms | 87 | 99 | +13.8% |
| 4 Bedrooms | 91 | 106 | +16.5% |
| 5+ Bedrooms | 145 | 151 | +4.1% |
Summary: The Arlington County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 4.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 201 | 141 | -29.9% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
39 Homes Were Sold
At Asking
67 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arlington County, you could pay more than the asking price. 47.5% of homes here sold above asking price last month.
Summary: A total of 141 homes were sold or pending in Arlington County in May 2024, down by 29.9% month-over-month. Of the 141 sold homes, 25% were sold under asking, 28% were sold at asking, and 48% were sold over asking.
Days on Market for Arlington County, VA
How long does it take to sell a home in Arlington County, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 15 Days | -4.0% |
Summary: Homes in Arlington County had an average of 15 days on market in May 2024, down by 4% compared to last year.
Breakdown of Home Sale Times
123 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Arlington County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 141 homes were sold in Arlington County; 87% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
