Is Arlington Ridge, 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, Arlington Ridge has remained a Seller's Market.
Key Takeaway
Arlington Ridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Arlington Ridge, VA
How much do homes in Arlington Ridge, VA cost?
Median Sold Price
$705,000
$381/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Arlington Ridge have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Arlington Ridge was $705,000 in April 2024, up 4.4% from last year, and the median price per square foot was $381.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $262.5K | $295K | +12.4% |
| 2 Bedrooms | $604.9K | $535K | -11.6% |
| 3 Bedrooms | $952.5K | $1.0M | +6.6% |
| 4 Bedrooms | $1.2M | $1.1M | -9.7% |
| 5+ Bedrooms | $1.3M | $1.7M | +33.0% |
Summary: Arlington Ridge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.4%, 2 bedroom homes decreased by 11.6%, 3 bedroom homes increased by 6.6%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 33%.
Median Sold Price Compared To Nearby Neighborhoods
| Aurora Highlands | $882.5K | $1.0M | +16.7% |
| Arlington Ridge | $675K | $705K | +4.4% |
Housing Supply in Arlington Ridge, VA
How many homes are available in Arlington Ridge, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 27 | +22.7% |
Summary: The Arlington Ridge real estate market had 27 homes for sale in April 2024, a 22.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 2 | 5 | +150.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Arlington Ridge housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 150%, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arlington Ridge, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Arlington Ridge in April 2024, up by 100.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Arlington Ridge, VA
How long does it take to sell a home in Arlington Ridge, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 43 Days | -20.8% |
Summary: Homes in Arlington Ridge had an average of 43 days on market in Apr 2024, down by 20.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Arlington Ridge are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Arlington Ridge; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
