$7,303 Closing Credit*
$615,000
1,603 SqFt
2 Beds
•2 Full Baths, 1 Partial
Michael I Putnam, Listing Office: RE/MAX Executives
Is Arlington Ridge, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Arlington Ridge was a Seller's Market.
Key Takeaway
Arlington Ridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Arlington Ridge, VA
How much do homes in Arlington Ridge, VA cost?
Median Sold Price
$670,000
$397/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,100(+6.4%)
Key Takeaway
Homes in Arlington Ridge have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Arlington Ridge was $670,000 in October 2024, up 6.4% from last year, and the median price per square foot was $397.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $290K | +9.4% |
| 2 Bedrooms | $545K | $587.5K | +7.8% |
| 3 Bedrooms | $927.5K | $975K | +5.1% |
| 4 Bedrooms | $1.0M | $1.1M | +7.6% |
| 5+ Bedrooms | $1.4M | $1.8M | +25.7% |
Summary: Arlington Ridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 25.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Aurora Highlands | $881.2K | $1.0M | +23.7% |
| Arlington Ridge | $629.9K | $670K | +6.4% |
Housing Supply in Arlington Ridge, VA
How many homes are available in Arlington Ridge, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Summary: The Arlington Ridge real estate market had 19 homes for sale in October 2024, a 18.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Arlington Ridge housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arlington Ridge, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Arlington Ridge in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Arlington Ridge, VA
How long does it take to sell a home in Arlington Ridge, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 7 Days | -60.5% |
Summary: Homes in Arlington Ridge had an average of 7 days on market in Oct 2024, down by 60.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Arlington Ridge are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Arlington Ridge; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
