Is Arlington County, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Arlington County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Arlington County has remained a Seller's Market.

Key Takeaway

Arlington County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Arlington County, VA

How much do homes in Arlington County, VA cost?

Median Sold Price

$751,931

$476/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$53,090(+7.6%)

Key Takeaway

Homes in Arlington County have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Arlington County was $751,931 in May 2024, up 7.6% from last year, and the median price per square foot was $476.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $342K$331.3K
-3.1%
2 $555K$590K
+6.3%
3 $870K$925K
+6.3%
4 $1.1M$1.2M
+5.0%
5+ $1.8M$1.8M
+0.9%

Summary: Arlington County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 0.9%.

Median Sold Price Compared To Nearby Counties

Arlington County
+7.6%
Fairfax County
+6.9%

Housing Supply in Arlington County, VA

How many homes are available in Arlington County, VA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
623696+11.7%

Summary: The Arlington County real estate market had 696 homes for sale in May 2024, a 11.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 131148
+13.0%
2 169192
+13.6%
3 8799
+13.8%
4 91106
+16.5%
5+ 145151
+4.1%

Summary: The Arlington County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 4.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
201141-29.9%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

39 Homes Were Sold
At Asking

67 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Arlington County, you could pay more than the asking price. 47.5% of homes here sold above asking price last month.

Summary: A total of 141 homes were sold or pending in Arlington County in May 2024, down by 29.9% month-over-month. Of the 141 sold homes, 25% were sold under asking, 28% were sold at asking, and 48% were sold over asking.

Days on Market for Arlington County, VA

How long does it take to sell a home in Arlington County, VA?

Average Sale Time

May 2023May 2024CHANGE
16 Days15 Days-4.0%

Summary: Homes in Arlington County had an average of 15 days on market in May 2024, down by 4% compared to last year.

Breakdown of Home Sale Times

123 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Arlington County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 141 homes were sold in Arlington County; 87% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in Arlington County, VA

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