HOMESbyRP of eXp Realty / Richard Pearrell

Alexandria, VA

Single-Family Homes

https://HOMESbyRP.com GRI, Associate Broker DC, MD, VA & REALTOR® in FL at eXp Realty, LLC / (301) 991-7061 /



Alexandria, VA

Sun Jul 14 2024
This week the median list price for Alexandria, VA is $1,087,000 with the market action index hovering around 57. This is less than last month's market action index of 58. Inventory has increased to 124. Click here to stay informed with the Alexandria market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Alexandria, VA

Sun Jul 14 2024
This week the median list price for Alexandria, VA is $1,087,000 with the market action index hovering around 57. This is less than last month's market action index of 58. Inventory has increased to 124. Click here to stay informed with the Alexandria market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Alexandria market.
Median List Price $1,087,000
Median Price of New Listings $879,999
Per Square Foot $377
Average Days on Market 56
Median Days on Market 28
Price Decreased 36%
Price Increased 2%
Relisted 8%
Inventory 124
Median Rent
Market Action 57
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,050,000 5,024 0.25 - 0.5 acre 5 4.5 57 1 3 56
$1,200,000 3,870 0.25 - 0.5 acre 5 3.5 47 5 4 28
$925,000 2,304 0.25 - 0.5 acre 4 3 64 7 7 14
$729,900 1,974 0.25 - 0.5 acre 4 2.5 64 9 6 14