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
$628,506
$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 $628,506 in March 2024, up 6.5% 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 | $275K | $290.4K | +5.6% |
2 Bedrooms | $419.9K | $440K | +4.8% |
3 Bedrooms | $745.3K | $680.3K | -8.7% |
4 Bedrooms | $840K | $810K | -3.6% |
5+ Bedrooms | $1.2M | $1.0M | -13.9% |
Summary: Alexandria housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 4.8%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 13.9%.
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% |
Washington | $658.2K | $654.1K | -0.6% |
Housing Supply in Alexandria, VA
How many homes are available in Alexandria, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,361 | 1,471 | +8.1% |
Summary: The Alexandria real estate market had 1,471 homes for sale in March 2024, a 8.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 157 | 164 | +4.5% |
2 Bedrooms | 371 | 383 | +3.2% |
3 Bedrooms | 400 | 435 | +8.8% |
4 Bedrooms | 249 | 285 | +14.5% |
5+ Bedrooms | 184 | 204 | +10.9% |
Summary: The Alexandria housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 10.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
281 | 274 | -2.5% |
Asking Price vs. Sold Price
61 Homes Were Sold
Under Asking
59 Homes Were Sold
At Asking
154 Homes Were Sold
Over Asking
Summary: A total of 274 homes were sold or pending in Alexandria in March 2024, down by 2.5% month-over-month. Of the 274 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% 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 | -39.4% |
Summary: Homes in Alexandria had an average of 14 days on market in Mar 2024, down by 39.4% 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.