Is Alexandria, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Alexandria has remained a Seller's Market.
Housing Prices in Alexandria, VA
How much do homes in Alexandria, VA cost?
Median Sold Price
$630,276
$371/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Alexandria was $630,276 in March 2024, up 4.9% from last year, and the median price per square foot was $371.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $268.5K | $290K | +8.0% |
2 Bedrooms | $409.1K | $439.8K | +7.5% |
3 Bedrooms | $654.5K | $680.5K | +4.0% |
4 Bedrooms | $785K | $804.7K | +2.5% |
5+ Bedrooms | $1.0M | $1.0M | +3.3% |
Summary: Alexandria housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
Alexandria | $590K | $628.5K | +6.5% |
Alexandria | $600.9K | $630.2K | +4.9% |
Mason | $647.4K | $675K | +4.3% |
Lee | $575K | $589.9K | +2.6% |
Mount Vernon | $650K | $660.6K | +1.6% |
Housing Supply in Alexandria, VA
How many homes are available in Alexandria, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,501 | 1,614 | +7.5% |
Summary: The Alexandria real estate market had 1,614 homes for sale in March 2024, a 7.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 156 | 164 | +5.1% |
2 Bedrooms | 389 | 402 | +3.3% |
3 Bedrooms | 439 | 474 | +8.0% |
4 Bedrooms | 306 | 343 | +12.1% |
5+ Bedrooms | 211 | 231 | +9.5% |
Summary: The Alexandria housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
279 | 274 | -1.8% |
Asking Price vs. Sold Price
61 Homes Were Sold
Under Asking
58 Homes Were Sold
At Asking
155 Homes Were Sold
Over Asking
Summary: A total of 274 homes were sold or pending in Alexandria in March 2024, down by 1.8% month-over-month. Of the 274 sold homes, 22% were sold under asking, 21% were sold at asking, and 57% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 14 Days | -39.8% |
Summary: Homes in Alexandria had an average of 14 days on market in Mar 2024, down by 39.8% compared to last year.
Breakdown of Home Sale Times
238 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 274 homes were sold in Alexandria; 87% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.