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Sarah Mitchell

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Compass Real Estate · Alexandria, VA

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Alexandria, VA(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews

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Alexandria, VA Housing Market

Seller's market-1.3% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly

The typical home in Alexandria, VA is worth $666,031, fell 1.3% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $689,000, -4.0% year over year (through May 2026). With 2.1 months of supply and homes going under contract in about 32 days, Alexandria is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $666,031 home is about $3,556/mo in principal and interest.

Key numbers for Alexandria, VA

Typical home value

$666,031

-1.3% in 12 months

Zillow, August 2026

Typical asking rent

$2,285/mo

Zillow Observed Rent Index

Zillow, August 2026

Median sale price

$689,000

-4.0% year over year

Redfin, through May 2026

Days on market

32

Average pace

Redfin, through May 2026

Active listings

511

2.1 months of supply

Redfin, through May 2026

30-yr fixed rate

7.03%

Freddie Mac weekly average

Freddie Mac via FRED, September 2026

Median household income

$113,638

Home costs 5.9x income

U.S. Census ACS, 2023

Sale-to-list ratio

100.9%

Selling above asking

Redfin, through May 2026

Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.

Is Alexandria a buyer's or seller's market?

Seller's market2.1 months of supply32 days on market100.9% of asking

Alexandria, VA is a seller's market, based on 2.1 months of supply and homes selling in about 32 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.

Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from

What does the Alexandria housing market data show?

Every row below is Redfin's final published month for Alexandria, VA. Redfin, through May 2026

Housing market statistics for Alexandria, VA, Redfin through May 2026
MetricValue
Median sale price$689,000
Median list price$627,000
Year-over-year price change-4.0%
Median price per sq ft$434/sq ft
Median days on market32 days
Active inventory511 listings
Months of supply2.1 months
Sale-to-list price ratio100.9%
Homes sold (that month)238
New listings (that month)313
Listings with a price cut28.6%
Market conditionSeller's market

How to read these numbers

Median sale price
Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Alexandria is frozen at May 2026.
Typical home value (ZHVI)
Zillow's estimate of what a mid-market home in Alexandria is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
Months of supply
How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
Days on market
Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
Sale-to-list ratio
Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
Price per square foot
The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
Listings with a price cut
Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
Typical asking rent (ZORI)
Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.

How have Alexandria home prices moved?

Over the last three years the median sale price in Alexandria, VA fell 1.0%, from $696,000 to $689,000. The live Zillow value series has fell 1.3% in the last 12 months, which is the more current read now that Redfin's series has stopped. 28.6% of Alexandria listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 2.1 months while the sale-to-list ratio slips below its current 100.9%. Watch those two together — they move before the median does.

Redfin, through May 2026 — the chart ends at Redfin's final published month.

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What does it cost to buy a home in Alexandria?

Priced off the typical home value of $666,031 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.

Monthly principal and interest by down payment in Alexandria, VA
Down paymentCash at closeLoan amountMonthly P&I
20%$133,206$532,824$3,556/mo
5%$33,302$632,729$4,222/mo

Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate

What income do you need?

Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $3,556, that implies roughly $152,384 a year before you add taxes and insurance. The median household in Alexandria earns $113,638, about $38,746 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 5.9x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.

Run it with your own numbers: affordability calculator · mortgage calculator

Buying in Alexandria in the next 12 months?

Tell us your timeline. We send the Alexandria market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.

No spam, no reselling your details. Market data on this site is informational and is not financial, investment, or real estate advice.

Is it cheaper to rent or buy in Alexandria?

Typical asking rent in Alexandria, VA is $2,285/mo, against a typical home value of $666,031. That is a price-to-rent ratio of 24.3x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $3,556 a month — $1,271 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.

Zillow, August 2026 for both value and rent

Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.

Is inventory rising or falling in Alexandria?

Active listings in Alexandria, VA went from 447 in May 2025 to 511 in May 2026, a +14.3% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.

Active listings by month in Alexandria, VA
MonthActive listingsNew listings
June 2025432240
July 2025419207
August 2025424212
September 2025453234
October 2025466229
November 2025414113
December 202530269
January 2026345183
February 2026372185
March 2026406273
April 2026489345
May 2026511313

Redfin, through May 2026

How does Alexandria compare to Virginia and the U.S.?

Alexandria homes sell for $689,000 — 38% above the Virginia median of $499,300. Against the national median of $410,700, Alexandria runs 68% higher. Year-over-year, Alexandria moved -4.0% against Virginia's +3.9% — a bigger swing than the state as a whole.

Alexandria, VA compared with Virginia and the United States
MarketMedian sale priceYoYDays on market
Alexandria, VA$689,000-4.0%32 days
Virginia statewide$499,300+3.9%28 days
United States$410,700not publishednot published

City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)

What to do next in Alexandria

What buyers should watch

  • Months of supply, currently 2.1. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
  • The share of listings cutting price, currently 28.6%. A listing that has already cut once is the one most likely to accept below asking.
  • The gap between 5% and 20% down here is $667 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
  • Rate moves. At 7.03%, every full point of rate change moves the payment on a $666,031 home more than a 5% price change does.
  • Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.

What sellers should know

  • The median Alexandria listing goes under contract in 32 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
  • Homes here close at 100.9% of asking. Price at the number you want and let competition do the rest.
  • In the last published month Alexandria added 313 new listings against 238 sales — more competition arriving than clearing, so early timing matters.
  • Your equity moved -1.3% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
  • Comparable ZIP-level pricing inside Alexandria varies more than the citywide median suggests — check the ZIP pages below before you set a number.

Homes for sale in Alexandria

There are currently 511 homes listed for sale in Alexandria, Virginia. The median listing price is $627K.

Active listings

511

Homes on market

Median list price

$627K

Avg. days on market

32

Days until sale

New this week

313

Newly listed

Price drops:28.6%of listings
Sale-to-list:100.9%

How much do homes cost in Alexandria by property type?

How the Alexandria, VA market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026

Median price, price per square foot, homes sold and days on market by property type in Alexandria, VA
Property typeMedian pricePrice / sq ftHomes soldDays on market
Condo / co-op$380,000$382/sq ft10739 days
Townhouse$860,000$457/sq ft9727 days

Who lives in Alexandria?

American Community Survey estimates for Alexandria. U.S. Census ACS, 2023

Population

156,788

Households

75,349

Median income

$113,638/yr

Median age

37.5 years

Owner-occupied

42.0%

Median home value

$696,800

Median gross rent

$2,031/mo

Mean commute

29.3 min

42.0% of occupied homes in Alexandria are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $696,800 against Zillow's $666,031 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $2,031/mo, below Zillow's $2,285/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.

Which public schools serve Alexandria?

50 schools tracked · 48,780 students

The largest public schools serving Alexandria, VA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.

Alexandria City High School

Grades 9-12 · 4,551 students

Public

Hayfield Secondary

Grades 7-12 · 3,239 students

Public

West Potomac High

Grades 9-12 · 2,681 students

Public

Edison High

Grades 9-12 · 2,285 students

Public

Thomas Jefferson High for Science and Technology

Grades 9-12 · 2,015 students

Public

Mount Vernon High

Grades 9-12 · 1,953 students

Public

Glasgow Middle

Grades 6-8 · 1,724 students

Public

Francis C. Hammond Middle

Grades 6-8 · 1,510 students

Public

Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.

Which cities are near Alexandria, VA?

Ordered by distance from Alexandria, not by size. Compare Alexandria side by side with any of them.

Alexandria housing market FAQ

Is Alexandria a buyer's or seller's market?

Alexandria, VA is currently a seller's market. That read comes from 2.1 months of supply, homes going under contract in about 32 days, and sellers getting 100.9% of their asking price in the last month Redfin published (May 2026).

How much do homes cost in Alexandria?

The typical home in Alexandria, VA is worth $666,031 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $689,000, about $434 per square foot.

Is Alexandria cheaper than the rest of Virginia?

Alexandria's median sale price of $689,000 is 38% higher than the Virginia statewide median of $499,300, and 68% above the U.S. median of $410,700. Both figures are for the same period.

How long do homes take to sell in Alexandria?

Homes in Alexandria, VA spent a median of 32 days on market before going under contract, versus 28 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)

What income do you need to buy a home in Alexandria?

At the current 30-year fixed rate of 7.03%, 20% down on a $666,031 home is about $3,556 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $152,384 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $113,638.

Are home prices rising in Alexandria?

The typical home value in Alexandria, VA fell 1.3% over the last 12 months, from $674,718 to $666,031 (Zillow, August 2026). This is the live series — it refreshes monthly.

What are the cheapest ZIP codes in Alexandria?

Alexandria ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.

Is now a good time to buy in Alexandria?

That depends on your timeline, not on a headline. What the data says today: Alexandria, VA is a seller's market with 2.1 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 24.3x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.

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No spam, no reselling your details. Market data on this site is informational and is not financial, investment, or real estate advice.