$10,000 Closing Credit*
$1,599,000
3,100 SqFt
5 Beds
•3 Full Baths, 2 Partial
Dudley Ward, Listing Office: TTR Sotheby's International Realty
Is Alexandria, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Alexandria has remained a Seller's Market.
Key Takeaway
Alexandria is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alexandria, VA
How much do homes in Alexandria, VA cost?
Median Sold Price
$671,449
$385/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$49,100(+7.9%)
Key Takeaway
Homes in Alexandria have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Alexandria was $671,449 in November 2024, up 7.9% from last year, and the median price per square foot was $385.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | $299.9K | +3.4% |
| 2 Bedrooms | $429.2K | $450.8K | +5.0% |
| 3 Bedrooms | $677.6K | $715K | +5.5% |
| 4 Bedrooms | $800.9K | $849.8K | +6.1% |
| 5+ Bedrooms | $1.0M | $1.1M | +2.6% |
Summary: Alexandria housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Mount Vernon | $655K | $714.6K | +9.1% |
| Alexandria | $622.3K | $671.4K | +7.9% |
| Mason | $657.2K | $706.2K | +7.5% |
| Alexandria | $624.6K | $668.4K | +7.0% |
| Lee | $585.2K | $624.3K | +6.7% |
Housing Supply in Alexandria, VA
How many homes are available in Alexandria, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 968 | 934 | -3.5% |
Summary: The Alexandria real estate market had 934 homes for sale in November 2024, a 3.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 149 | 143 | -4.0% |
| 2 Bedrooms | 273 | 285 | +4.4% |
| 3 Bedrooms | 304 | 288 | -5.3% |
| 4 Bedrooms | 153 | 133 | -13.1% |
| 5+ Bedrooms | 89 | 85 | -4.5% |
Summary: The Alexandria housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4%, 2 bedroom homes increased by 4.4%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 13.1%, and 5+ bedroom homes decreased by 4.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 303 | 259 | -14.5% |
Asking Price vs. Sold Price
102 Homes Were Sold
Under Asking
72 Homes Were Sold
At Asking
85 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alexandria, you may be able to get a good deal. 39.4% of homes here sold below asking price last month.
Summary: A total of 259 homes were sold or pending in Alexandria in November 2024, down by 14.5% month-over-month. Of the 259 sold homes, 39% were sold under asking, 28% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 23 Days | +8.5% |
Summary: Homes in Alexandria had an average of 23 days on market in Nov 2024, up by 8.5% compared to last year.
Breakdown of Home Sale Times
181 Homes Were Sold
Under 30 Days
67 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alexandria are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 259 homes were sold in Alexandria; 70% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.