$3,153 Closing Credit*
$265,500
962 SqFt
2 Beds
•1 Full Bath
Willie J Grayson, Listing Office: Weichert Realtors - Blue Ribbon
Is Alexandria West, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Alexandria West has remained a Seller's Market.
Key Takeaway
Alexandria West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alexandria West, VA
How much do homes in Alexandria West, VA cost?
Median Sold Price
$320,000
$360/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$34,950(-9.8%)
Key Takeaway
Homes in Alexandria West have sold for 9.8% less than they did a year ago.
Summary: The median home sold price in Alexandria West was $320,000 in October 2024, down 9.8% from last year, and the median price per square foot was $360.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $262K | $275K | +5.0% |
| 2 Bedrooms | $365.1K | $395K | +8.2% |
| 3 Bedrooms | $715K | $715K | 0.0% |
| 4 Bedrooms | $760K | $820K | +7.9% |
| 5+ Bedrooms | $687K | $850K | +23.7% |
Summary: Alexandria West housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 8.2%, 3 bedroom homes did not change, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 23.7%.
Housing Supply in Alexandria West, VA
How many homes are available in Alexandria West, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 70 | 75 | +7.1% |
Summary: The Alexandria West real estate market had 75 homes for sale in October 2024, a 7.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 26 | 26 | 0.0% |
| 2 Bedrooms | 24 | 29 | +20.8% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 1 | 4 | +300.0% |
| 5+ Bedrooms | 4 | 1 | -75.0% |
Summary: The Alexandria West housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 300%, and 5+ bedroom homes decreased by 75%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 22 | +15.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alexandria West, expect to pay close to the asking price. 40.9% of homes here sold near the asking price last month.
Summary: A total of 22 homes were sold or pending in Alexandria West in October 2024, up by 15.8% month-over-month. Of the 22 sold homes, 23% were sold under asking, 41% were sold at asking, and 36% were sold over asking.
Days on Market for Alexandria West, VA
How long does it take to sell a home in Alexandria West, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 25 Days | +119.1% |
Summary: Homes in Alexandria West had an average of 25 days on market in Oct 2024, up by 119.1% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alexandria West are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in Alexandria West; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
