Is Arlington County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Arlington County has remained a Seller's Market.
Housing Prices in Arlington County, VA
How much do homes in Arlington County, VA cost?
Median Sold Price
$751,931
$476/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Arlington County was $751,931 in May 2024, up 7.6% from last year, and the median price per square foot was $476.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $342K | $331.3K | -3.1% |
2 Bedrooms | $555K | $590K | +6.3% |
3 Bedrooms | $870K | $925K | +6.3% |
4 Bedrooms | $1.1M | $1.2M | +5.0% |
5+ Bedrooms | $1.8M | $1.8M | +0.9% |
Summary: Arlington County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Counties
Arlington County | $698.8K | $751.9K | +7.6% |
Fairfax County | $651.2K | $696K | +6.9% |
Housing Supply in Arlington County, VA
How many homes are available in Arlington County, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
623 | 696 | +11.7% |
Summary: The Arlington County real estate market had 696 homes for sale in May 2024, a 11.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 131 | 148 | +13.0% |
2 Bedrooms | 169 | 192 | +13.6% |
3 Bedrooms | 87 | 99 | +13.8% |
4 Bedrooms | 91 | 106 | +16.5% |
5+ Bedrooms | 145 | 151 | +4.1% |
Summary: The Arlington County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 4.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
201 | 141 | -29.9% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
39 Homes Were Sold
At Asking
67 Homes Were Sold
Over Asking
Summary: A total of 141 homes were sold or pending in Arlington County in May 2024, down by 29.9% month-over-month. Of the 141 sold homes, 25% were sold under asking, 28% were sold at asking, and 48% were sold over asking.
Days on Market for Arlington County, VA
How long does it take to sell a home in Arlington County, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 15 Days | -4.0% |
Summary: Homes in Arlington County had an average of 15 days on market in May 2024, down by 4% compared to last year.
Breakdown of Home Sale Times
123 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 141 homes were sold in Arlington County; 87% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.