Washington-Arlington-Alexandria, DC-VA-MD-WV

Tracey Velt's Market Report

Washington-Arlington-Alexandria, DC-VA-MD-WV

Single-Family Homes

HW Wire | Editorial Director | tracey@hwmedia.com | 407-716-0498

Sun Nov 24 2024
This week the median list price for Washington-Arlington-Alexandria, DC-VA-MD-WV is $750,000 with the market action index hovering around 48. This is an increase over last month's market action index of 47. Inventory has held steady at or around 4,960. Click here to stay informed with the Washington-Arlington-Alexandria market!

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

Strong Seller's Market

Median List Price		$750,000
Median Price of New Listings		$639,906
Per Square Foot		$302
Average Days on Market		95
Median Days on Market		56
Price Decreased		34%
Price Increased		3%
Relisted		11%
Inventory		4,960
Median Rent
Market Action		48
Strong Seller's Market

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

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$2,092,475	5,090	0.25 - 0.5 acre	5	4.5	31	72	129	77
$899,000	3,025	0.25 - 0.5 acre	4	3.5	42	93	189	56
$635,000	2,363	0.25 - 0.5 acre	4	3	41	107	212	49
$428,090	1,584	8,000 - 10,000 sqft	3	2	57	144	245	42

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$2,092,475	5,090	0.25 - 0.5 acre	5	4.5	31	72	129	77
$899,000	3,025	0.25 - 0.5 acre	4	3.5	42	93	189	56
$635,000	2,363	0.25 - 0.5 acre	4	3	41	107	212	49
$428,090	1,584	8,000 - 10,000 sqft	3	2	57	144	245	42

Median Price	Top $2,092,475	Upper $899,000	Lower $635,000	Bottom $428,090
Sq. Ft.	5,090	3,025	2,363	1,584
Lot Size	0.25 - 0.5 acre	0.25 - 0.5 acre	0.25 - 0.5 acre	8,000 - 10,000 sqft
Beds	5	4	4	3
Baths	4.5	3.5	3	2
Age	31	42	41	57
New	72	93	107	144
Absorbed	129	189	212	245
DOM	77	56	49	42

Tracey Velt's Market Report