Is Alexandria, VA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Alexandria is a seller's market


Difference Since February 2023

Since last year, Alexandria has remained a Seller's Market.

Key Takeaway

Alexandria is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Alexandria, VA

How much do homes in Alexandria, VA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2023


Key Takeaway

Homes in Alexandria have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in Alexandria was $624,768 in February 2024, up 7.4% from last year, and the median price per square foot was $367.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $272.5K$289.9K
2 $421.6K$434.9K
3 $749.8K$679.6K
4 $870K$805.1K
5+ $1.3M$1.0M

Summary: Alexandria housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes decreased by 16.9%.

Median Sold Price Compared To Nearby Cities


Housing Supply in Alexandria, VA

How many homes are available in Alexandria, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE

Summary: The Alexandria real estate market had 1,342 homes for sale in February 2024, a 11.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 142152
2 325363
3 350397
4 218247
5+ 172183

Summary: The Alexandria housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 6.4%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE

Asking Price vs. Sold Price

76 Homes Were Sold
Under Asking

66 Homes Were Sold
At Asking

117 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alexandria, you could pay more than the asking price. 45.2% of homes here sold above asking price last month.

Summary: A total of 259 homes were sold or pending in Alexandria in February 2024, up by 13.1% month-over-month. Of the 259 sold homes, 29% were sold under asking, 25% were sold at asking, and 45% were sold over asking.

Days on Market for Alexandria, VA

How long does it take to sell a home in Alexandria, VA?

Average Sale Time

Feb 2023Feb 2024CHANGE
31 Days20 Days-32.9%

Summary: Homes in Alexandria had an average of 20 days on market in Feb 2024, down by 32.9% compared to last year.

Breakdown of Home Sale Times

208 Homes Were Sold
Under 30 Days

39 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Alexandria are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 259 homes were sold in Alexandria; 80% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

Newest Listings in Alexandria, VA

Nearby Markets to Alexandria, VA

What housing markets are near Alexandria, VA?