$5,688 Closing Credit*
$479,000
695 SqFt
1 Bed
•1 Full Bath
Bryan D Felder, Listing Office: Keller Williams Capital Properties
Is Arlington, 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, Arlington has remained a Seller's Market.
Key Takeaway
Arlington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Arlington, VA
How much do homes in Arlington, VA cost?
Median Sold Price
$765,264
$490/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,483(+5.7%)
Key Takeaway
Homes in Arlington have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Arlington was $765,264 in November 2024, up 5.7% from last year, and the median price per square foot was $490.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330K | $359.3K | +8.9% |
| 2 Bedrooms | $562.6K | $615.5K | +9.4% |
| 3 Bedrooms | $890.8K | $951K | +6.8% |
| 4 Bedrooms | $1.1M | $1.2M | +9.1% |
| 5+ Bedrooms | $1.7M | $1.8M | +3.4% |
Summary: Arlington housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Arlington | $723.7K | $765.2K | +5.7% |
| Arlington Heights | $850K | $850K | 0.0% |
| Penrose | $815K | $699.5K | -14.2% |
Housing Supply in Arlington, VA
How many homes are available in Arlington, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 534 | 512 | -4.1% |
Summary: The Arlington real estate market had 512 homes for sale in November 2024, a 4.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 120 | 119 | -0.8% |
| 2 Bedrooms | 148 | 130 | -12.2% |
| 3 Bedrooms | 94 | 92 | -2.1% |
| 4 Bedrooms | 59 | 57 | -3.4% |
| 5+ Bedrooms | 113 | 114 | +0.9% |
Summary: The Arlington housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 0.8%, 2 bedroom homes decreased by 12.2%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 0.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 164 | 136 | -17.1% |
Asking Price vs. Sold Price
69 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arlington, you may be able to get a good deal. 50.7% of homes here sold below asking price last month.
Summary: A total of 136 homes were sold or pending in Arlington in November 2024, down by 17.1% month-over-month. Of the 136 sold homes, 51% were sold under asking, 22% were sold at asking, and 27% were sold over asking.
Days on Market for Arlington, VA
How long does it take to sell a home in Arlington, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 28 Days | -6.2% |
Summary: Homes in Arlington had an average of 28 days on market in Nov 2024, down by 6.2% compared to last year.
Breakdown of Home Sale Times
97 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Arlington are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 136 homes were sold in Arlington; 71% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
