$4,308 Closing Credit*
$362,800
840 SqFt
2 Beds
•1 Full Bath
Cheryl H Wood, Listing Office: Redfin Corporation
Is Arlington, 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, 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
$766,681
$488/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$46,730(+6.5%)
Key Takeaway
Homes in Arlington have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Arlington was $766,681 in October 2024, up 6.5% from last year, and the median price per square foot was $488.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330.4K | $361.3K | +9.3% |
| 2 Bedrooms | $557.9K | $617K | +10.6% |
| 3 Bedrooms | $880.5K | $965.8K | +9.7% |
| 4 Bedrooms | $1.1M | $1.2M | +9.1% |
| 5+ Bedrooms | $1.7M | $1.8M | +4.2% |
Summary: Arlington housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Arlington | $719.9K | $766.6K | +6.5% |
| Penrose | $807.5K | $712.2K | -11.8% |
Housing Supply in Arlington, VA
How many homes are available in Arlington, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 534 | 581 | +8.8% |
Summary: The Arlington real estate market had 581 homes for sale in October 2024, a 8.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 122 | 127 | +4.1% |
| 2 Bedrooms | 157 | 167 | +6.4% |
| 3 Bedrooms | 90 | 102 | +13.3% |
| 4 Bedrooms | 55 | 63 | +14.5% |
| 5+ Bedrooms | 110 | 122 | +10.9% |
Summary: The Arlington housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 10.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 139 | 157 | +12.9% |
Asking Price vs. Sold Price
51 Homes Were Sold
Under Asking
56 Homes Were Sold
At Asking
50 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arlington, expect to pay close to the asking price. 35.7% of homes here sold near the asking price last month.
Summary: A total of 157 homes were sold or pending in Arlington in October 2024, up by 12.9% month-over-month. Of the 157 sold homes, 32% were sold under asking, 36% were sold at asking, and 32% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 27 Days | +41.2% |
Summary: Homes in Arlington had an average of 27 days on market in Oct 2024, up by 41.2% compared to last year.
Breakdown of Home Sale Times
121 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
12 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 October 2024, 157 homes were sold in Arlington; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
