Single-Family Homes
Fri Mar 15 2024
This week the median list price for Alexandria, VA is $985,000 with the market action index hovering around 54. This is about the same as last month's market action index of 54. Inventory has increased to 89.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Median List Price | $985,000 | |
Median Price of New Listings | $925,000 | |
Per Square Foot | $411 | |
Average Days on Market | 60 | |
Median Days on Market | 14 | |
Price Decreased | 29% | |
Price Increased | 2% | |
Relisted | 11% | |
Inventory | 89 | |
Median Rent | ||
Market Action | 54 | |
Strong Seller's Market |
While this week the median didn’t fluctuate much, we are relatively close to the market’s price high-point. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$1,874,500 | 4,138 | 8,000 - 10,000 sqft | 5 | 4.5 | 71 | 3 | 2 | 35 |
$1,249,999 | 2,921 | 0.25 - 0.5 acre | 4 | 3 | 71 | 7 | 2 | 84 |
$812,249 | 2,187 | 0.25 - 0.5 acre | 4 | 3 | 63 | 8 | 3 | 10 |
$459,900 | 1,069 | 0.25 - 0.5 acre | 2 | 1.5 | 71 | 9 | 3 | 0 |