Is Arlington County, 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 County was a Neutral Market.
Housing Prices in Arlington County, VA
How much do homes in Arlington County, VA cost?
Median Sold Price
$734,661
$466/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Arlington County was $734,661 in March 2024, up 9.5% from last year, and the median price per square foot was $466.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $355K | $331.6K | -6.6% |
2 Bedrooms | $555.2K | $582K | +4.8% |
3 Bedrooms | $865K | $910K | +5.2% |
4 Bedrooms | $1.1M | $1.1M | +2.8% |
5+ Bedrooms | $1.8M | $1.8M | -1.1% |
Summary: Arlington County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.6%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Counties
Arlington County | $671.1K | $734.6K | +9.5% |
Fairfax County | $650.8K | $684.8K | +5.2% |
Housing Supply in Arlington County, VA
How many homes are available in Arlington County, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,222 | 1,267 | +3.7% |
Summary: The Arlington County real estate market had 1,267 homes for sale in March 2024, a 3.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 231 | 236 | +2.2% |
2 Bedrooms | 340 | 349 | +2.6% |
3 Bedrooms | 182 | 188 | +3.3% |
4 Bedrooms | 153 | 160 | +4.6% |
5+ Bedrooms | 316 | 334 | +5.7% |
Summary: The Arlington County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 2.6%, 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 |
---|---|---|
151 | 148 | -2.0% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
64 Homes Were Sold
Over Asking
Summary: A total of 148 homes were sold or pending in Arlington County in March 2024, down by 2.0% month-over-month. Of the 148 sold homes, 31% were sold under asking, 26% were sold at asking, and 43% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 28 Days | -12.6% |
Summary: Homes in Arlington County had an average of 28 days on market in Mar 2024, down by 12.6% compared to last year.
Breakdown of Home Sale Times
112 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During March 2024, 148 homes were sold in Arlington County; 76% 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.