Is Alexandria West, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Alexandria West has remained a Seller's Market.
Key Takeaway
Alexandria West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alexandria West, VA
How much do homes in Alexandria West, VA cost?
Median Sold Price
$335,000
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Alexandria West have sold for 13.6% more than they did a year ago.
Summary: The median home sold price in Alexandria West was $335,000 in April 2024, up 13.6% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $262K | +4.8% |
| 2 Bedrooms | $285K | $384.9K | +35.1% |
| 3 Bedrooms | $695K | $720K | +3.6% |
| 4 Bedrooms | $608.5K | $785K | +29.0% |
| 5+ Bedrooms | $863.5K | $730K | -15.5% |
Summary: Alexandria West housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 35.1%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 29%, and 5+ bedroom homes decreased by 15.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Alexandria West | $295K | $335K | +13.6% |
| Stonegate | $752K | $775K | +3.1% |
Housing Supply in Alexandria West, VA
How many homes are available in Alexandria West, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 43 | 60 | +39.5% |
Summary: The Alexandria West real estate market had 60 homes for sale in April 2024, a 39.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 27 | +80.0% |
| 2 Bedrooms | 12 | 18 | +50.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Alexandria West housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 80%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alexandria West, expect to pay close to the asking price. 43.8% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in Alexandria West in April 2024, down by 11.1% month-over-month. Of the 16 sold homes, 13% were sold under asking, 44% were sold at asking, and 44% were sold over asking.
Days on Market for Alexandria West, VA
How long does it take to sell a home in Alexandria West, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 9 Days | -65.2% |
Summary: Homes in Alexandria West had an average of 9 days on market in Apr 2024, down by 65.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alexandria West are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in Alexandria West; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
