Is Alexandria, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alexandria is a seller's market

Buyer's
Market

Difference Since October 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

$663,621

$382/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$38,456(+6.2%)

Key Takeaway

Homes in Alexandria have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in Alexandria was $663,621 in October 2024, up 6.2% from last year, and the median price per square foot was $382.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $291K$299.3K
+2.9%
2 $433.4K$452K
+4.3%
3 $685K$710.3K
+3.7%
4 $815.7K$849.2K
+4.1%
5+ $1.0M$1.0M
0.4%

Summary: Alexandria housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 0.4%.

Median Sold Price Compared To Nearby Cities

Mason
+8.8%
Alexandria
+7.4%
Lee
+7.1%
Alexandria
+6.2%
Washington
+1.5%

Housing Supply in Alexandria, VA

How many homes are available in Alexandria, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9581,052+9.8%

Summary: The Alexandria real estate market had 1,052 homes for sale in October 2024, a 9.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 128161
+25.8%
2 271307
+13.3%
3 302329
+8.9%
4 157161
+2.5%
5+ 10094
-6.0%

Summary: The Alexandria housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25.8%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
292287-1.7%

Asking Price vs. Sold Price

79 Homes Were Sold
Under Asking

111 Homes Were Sold
At Asking

97 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alexandria, expect to pay close to the asking price. 38.7% of homes here sold near the asking price last month.

Summary: A total of 287 homes were sold or pending in Alexandria in October 2024, down by 1.7% month-over-month. Of the 287 sold homes, 28% were sold under asking, 39% were sold at asking, and 34% 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

Oct 2023Oct 2024CHANGE
17 Days21 Days+26.6%

Summary: Homes in Alexandria had an average of 21 days on market in Oct 2024, up by 26.6% compared to last year.

Breakdown of Home Sale Times

228 Homes Were Sold
Under 30 Days

48 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Alexandria are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 287 homes were sold in Alexandria; 79% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Alexandria, VA

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