Is Alexandria, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$646,997
$379/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Alexandria have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Alexandria was $646,997 in June 2024, up 4.6% from last year, and the median price per square foot was $379.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $295K | +7.3% |
| 2 Bedrooms | $428.3K | $450K | +5.0% |
| 3 Bedrooms | $710K | $690.6K | -2.7% |
| 4 Bedrooms | $815K | $836.8K | +2.7% |
| 5+ Bedrooms | $1.0M | $1.0M | -1.2% |
Summary: Alexandria housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Mason | $636.7K | $686.7K | +7.9% |
| Alexandria | $611.2K | $648.8K | +6.2% |
| Lee | $575K | $602.7K | +4.8% |
| Alexandria | $618.6K | $646.9K | +4.6% |
| Washington | $665.2K | $667.4K | 0.3% |
Housing Supply in Alexandria, VA
How many homes are available in Alexandria, VA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1,134 | 1,179 | +4.0% |
Summary: The Alexandria real estate market had 1,179 homes for sale in June 2024, a 4.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 143 | 136 | -4.9% |
| 2 Bedrooms | 276 | 315 | +14.1% |
| 3 Bedrooms | 342 | 335 | -2.0% |
| 4 Bedrooms | 238 | 262 | +10.1% |
| 5+ Bedrooms | 135 | 131 | -3.0% |
Summary: The Alexandria housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.9%, 2 bedroom homes increased by 14.1%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 457 | 348 | -23.9% |
Asking Price vs. Sold Price
89 Homes Were Sold
Under Asking
78 Homes Were Sold
At Asking
181 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alexandria, you could pay more than the asking price. 52% of homes here sold above asking price last month.
Summary: A total of 348 homes were sold or pending in Alexandria in June 2024, down by 23.9% month-over-month. Of the 348 sold homes, 26% were sold under asking, 22% were sold at asking, and 52% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 12 Days | 15 Days | +18.2% |
Summary: Homes in Alexandria had an average of 15 days on market in Jun 2024, up by 18.2% compared to last year.
Breakdown of Home Sale Times
308 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alexandria are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 348 homes were sold in Alexandria; 89% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.