Is Arlington, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Arlington was a Neutral Market.
Key Takeaway
Arlington is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Arlington, VA
How much do homes in Arlington, VA cost?
Median Sold Price
$739,772
$468/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Arlington have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in Arlington was $739,772 in March 2024, up 9.5% from last year, and the median price per square foot was $468.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | $333K | -6.2% |
| 2 Bedrooms | $555.6K | $583K | +4.9% |
| 3 Bedrooms | $865K | $910K | +5.2% |
| 4 Bedrooms | $1.1M | $1.1M | +2.8% |
| 5+ Bedrooms | $1.8M | $1.8M | -1.0% |
Summary: Arlington housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.2%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Neighborhoods
| Arlington | $675.5K | $739.7K | +9.5% |
| Columbia Heights | $365K | $360K | -1.4% |
Housing Supply in Arlington, VA
How many homes are available in Arlington, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,216 | 1,263 | +3.9% |
Summary: The Arlington real estate market had 1,263 homes for sale in March 2024, a 3.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 228 | 234 | +2.6% |
| 2 Bedrooms | 337 | 347 | +3.0% |
| 3 Bedrooms | 182 | 188 | +3.3% |
| 4 Bedrooms | 153 | 160 | +4.6% |
| 5+ Bedrooms | 316 | 334 | +5.7% |
Summary: The Arlington housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 5.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 149 | 146 | -2.0% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
64 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arlington, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.
Summary: A total of 146 homes were sold or pending in Arlington in March 2024, down by 2.0% month-over-month. Of the 146 sold homes, 32% were sold under asking, 25% were sold at asking, and 44% were sold over asking.
Days on Market for Arlington, VA
How long does it take to sell a home in Arlington, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 32 Days | 28 Days | -12.0% |
Summary: Homes in Arlington had an average of 28 days on market in Mar 2024, down by 12% compared to last year.
Breakdown of Home Sale Times
110 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Arlington are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 146 homes were sold in Arlington; 75% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
