$4,394 Closing Credit*
$370,000
885 SqFt
1 Bed
•1 Full Bath
Elena G Gorbounova, Listing Office: RE/MAX Allegiance
Is Alexandria West, 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 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
$321,333
$361/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$13,666(-4.1%)
Key Takeaway
Homes in Alexandria West have sold for 4.1% less than they did a year ago.
Summary: The median home sold price in Alexandria West was $321,333 in November 2024, down 4.1% from last year, and the median price per square foot was $361.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255.1K | $280.4K | +9.9% |
| 2 Bedrooms | $365.1K | $399.9K | +9.5% |
| 3 Bedrooms | $712.5K | $700K | -1.8% |
| 4 Bedrooms | $785K | $810K | +3.2% |
| 5+ Bedrooms | $687K | $850K | +23.7% |
Summary: Alexandria West housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.9%, 2 bedroom homes increased by 9.5%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 23.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Stonegate | $776K | $771K | -0.6% |
| Alexandria West | $335K | $321.3K | -4.1% |
Housing Supply in Alexandria West, VA
How many homes are available in Alexandria West, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 66 | 60 | -9.1% |
Summary: The Alexandria West real estate market had 60 homes for sale in November 2024, a 9.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 24 | 20 | -16.7% |
| 2 Bedrooms | 23 | 23 | 0.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Alexandria West housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alexandria West, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Alexandria West in November 2024, down by 4.5% month-over-month. Of the 21 sold homes, 43% were sold under asking, 38% were sold at asking, and 19% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 26 Days | +51.5% |
Summary: Homes in Alexandria West had an average of 26 days on market in Nov 2024, up by 51.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
9 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 November 2024, 21 homes were sold in Alexandria West; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
