Why Alexandria VA Real Estate Listings Are Breaking Records
Alexandria VA real estate listings are moving fast in today's market, with homes selling in just 21 days compared to the national average of 45 days. This historic waterfront city combines Old Town charm with modern amenities, creating one of Virginia's most competitive housing markets.
Quick Facts for Home Buyers:
- 163 homes currently for sale
- Median price: $649,900
- Average sale price: $777,253
- Days on market: 21 days
- Income needed: $147,000+ annually
- Price per square foot: $434
Alexandria's real estate market is red-hot for good reason. The city sits along the Potomac River, just minutes from Washington DC via Metro's Blue and Yellow lines. With a population that grew from 139,966 in 2010 to 155,230 in 2023, demand consistently outpaces supply.
Home prices jumped 8% year-over-year, with 1,714 properties sold in the last 12 months. The median discount from list price is 0%, meaning most homes sell at or above asking price. Whether you're eyeing a $302,750 one-bedroom condo or a $889,500 single-family home, you're competing in a seller's market.
Why Alexandria Keeps Climbing the "Best Places to Live" Lists
Alexandria consistently ranks among Virginia's top cities for good reason. The city's strategic location offers unparalleled access to major job hubs including the Pentagon, Amazon HQ2, and downtown Washington DC. Metro's Blue and Yellow lines connect residents to the entire DMV region in minutes.
The waterfront lifestyle is another major draw. About 50% of Alexandria households earn at least $100,000 per year, placing it among Virginia's top 10 wealthiest cities. Population growth tells the story of Alexandria's appeal - the city added over 15,000 residents between 2010 and 2023, yet housing inventory remains tight.
Alexandria VA Real Estate Listings: 10 Homes Turning Heads This Week
The numbers tell the story of Alexandria's sizzling market. With only 163 homes currently for sale and buyers snapping up properties in just 21 days, every new listing creates a buzz. The median price of $649,900 reflects strong demand across all home types.
What makes certain Alexandria VA real estate listings stand out? Location plays a huge role, but so do unique features like original hardwood floors, water views, or move-in ready condition. Smart sellers are pricing competitively and staging their homes to perfection.
The current inventory spans every lifestyle and budget. Single-family homes dominate the upper price ranges, while townhouses and condos provide more accessible entry points. New construction developments are adding modern amenities, especially in Eisenhower East and Potomac Yard.
Open houses have become weekend events, with serious buyers arriving early and often submitting offers the same day. The list-to-sale ratio of 100% means most homes sell at or above asking price.
Old-Town Charm – Alexandria VA real estate listings under $800K
Step into Old Town Alexandria (zip code 22314), and you'll understand why these Alexandria VA real estate listings under $800K disappear so quickly. The neighborhood's brick rowhouses feature original architectural details that money can't buy today.
These historic gems typically offer 2-3 bedrooms with original hardwood floors, exposed brick walls, and updated kitchens where modern convenience meets period charm. The outdoor spaces might be small, but they're perfectly formed with charming courtyards and rooftop decks.
The real magic happens when you step outside. Walkability is a way of life. Residents stroll to waterfront restaurants, browse weekend farmers markets, and enjoy evening concerts. The Torpedo Factory Art Center and Potomac River waterfront are at your doorstep.
Luxury Living – Alexandria VA real estate listings over $1M
For those seeking ultimate waterfront living, luxury Alexandria VA real estate listings over $1M showcase Alexandria's sophisticated side. These properties cluster along the Potomac River in exclusive enclaves locals call Alexandria's Gold Coast.
Waterfront condos offer floor-to-ceiling windows that frame river views like living artwork. Residents enjoy concierge services, fitness centers, and private balconies. Buildings feature premium finishes, smart home technology, and secured parking.
Estate homes in neighborhoods like Taylor Run feature 4+ bedrooms with spa-like master suites, gourmet kitchens, and multiple living areas. The outdoor spaces include landscaped yards and outdoor kitchens that extend living space year-round.
Market Snapshot: Prices, Inventory & Trends at a Glance
The Alexandria VA real estate listings market is absolutely on fire right now. With an average home price of $777,253 (up 8% from last year) and a median of $649,900, prices reflect just how much people want to live here.
What really catches your eye is how fast things move. While the national average for homes to sell is 45 days, Alexandria properties fly off the market in just 21 days.
The market fundamentals tell a compelling story. We've seen 1,714 homes sell in the past year, with buyers paying an average of $434 per square foot. There's only 1.1 months of supply available compared to a balanced market's 6 months of inventory.
Current mortgage rates hovering around 6.89% mean higher monthly payments, but Alexandria's strong job market and high median household incomes help support these price levels.
For investors looking beyond residential properties, there are interesting opportunities in Commercial Real Estate Alexandria VA that complement the hot residential market.
How Long Will Homes Stay on the Market?
That 21-day median is actually generous for the best properties. Well-priced homes in desirable neighborhoods often get snapped up within the first week.
Move-in ready homes under $700K disappear fastest, especially in Old Town or near Metro stations. Properties with parking spaces also move at warp speed.
Bidding wars have become the norm. The list-to-sale ratio of 100% means most homes sell right at asking price or above. Some sellers get offers exceeding their listing price by tens of thousands.
What Income Do You Need?
To afford Alexandria's median home price of $649,900, you'll need an annual income of at least $147,000. That's assuming 20% down and following the standard 28% debt-to-income ratio.
Here's the math: you'd need $129,980 for your down payment, leaving a loan of $519,920. Your monthly payment would run about $3,430.
The good news? About 50% of households here make $100,000+ annually. FHA loans let you put down as little as 3.5%, while VA loans offer zero-down options for military members.
Neighborhoods & Zip Codes Buyers Love
Alexandria's neighborhoods feel like different cities within one beautiful area. Each has its own personality, making house hunting here exciting.
Old Town (22314) commands the highest prices for those historic brick rowhouses. You can walk to everything and the architecture tells stories from America's founding days.
Del Ray attracts young professionals with trendy restaurants and that famous Saturday farmers market. Metro access makes DC commutes painless.
Potomac Yard attracts families wanting newer construction and modern amenities. The shopping makes daily life convenient, and newer developments offer open floor plans and attached garages.
Kingstowne (22315) offers suburban lifestyle with townhouses and single-family homes with actual yards. Seminary Hill provides excellent value near the Seminary Road Metro station.
Taylor Run consistently ranks among the safest neighborhoods, with excellent schools and gorgeous tree-lined streets. Virginia Hills, North Ridge, Del Ray, and Potomac Yard also score high on safety.
For those interested in development opportunities, our guide to land for sale Alexandria VA covers zoning details across these neighborhoods.
School Scores & Commute Times That Matter
Schools often drive neighborhood choices. Alexandria City Public Schools serve most of the city, while some areas fall under Fairfax County. Standout schools include Browne Academy, Mount Vernon Community School, and Charles Barrett Elementary.
School ratings from GreatSchools.org help families compare options.
But let's talk commute times: Downtown DC takes 20-30 minutes via Metro. The Pentagon? 15-20 minutes. Amazon HQ2 is 10-15 minutes. The Blue and Yellow Metro lines serve multiple Alexandria stations, making car-free commuting totally doable.
Hidden Gems for First-Time Buyers
Virginia Hills might be Alexandria's best-kept secret for first-time buyers wanting single-family homes with yards. Prices typically run below city medians.
Huntington is having a moment with affordable townhouses and condos near Metro, plus new restaurants and shops. Zip code 22303 offers condo-heavy developments with amenities like pools at reasonable prices. One-bedroom condos start around $300K.
These neighborhoods offer lower price points than Old Town or Del Ray while maintaining good Metro access and potential for appreciation.
What You Can Get: Home Types & Price Ranges
Alexandria's housing market offers something for every budget and lifestyle, from historic charm to modern luxury.
Single-family homes lead the market at a median price of $889,500, offering the most space and privacy with yards and driveways. Townhouses provide a sweet spot at $699,000 median price with private entrances and often small outdoor spaces. Condos offer the most accessible entry point at $400,000 median, ranging from high-rise luxury buildings to smaller complexes.
For first-time buyers, one-bedroom condos start at $302,750, typically offering 600-800 square feet with modern kitchens and building amenities.
Parking makes all the difference in Alexandria. Single-family homes usually include driveways, while many condos offer assigned spaces. HOA fees average $400-600 monthly for condos, covering exterior maintenance and amenities.
New Construction & Eco-Smart Options
Eisenhower East showcases Alexandria's modern side with sleek high-rises and mixed-use developments. New construction properties command premium prices but deliver smart home technology and energy efficiency.
LEED-certified buildings feature water-saving fixtures, sustainable materials, and superior insulation, often resulting in lower utility costs and healthier indoor air quality.
Most-Wanted Features & Amenities
Today's buyers have clear priorities. Home offices top nearly every wish list - a dedicated workspace isn't a luxury, it's essential. Outdoor space ranks almost as high, whether it's a private patio, balcony with river views, or small yard.
Updated kitchens remain crucial with granite or quartz counters, stainless steel appliances, and islands. Storage solutions like walk-in closets address real-life needs in compact Alexandria homes. Building amenities can include pools, fitness centers, rooftop terraces, and concierge services.
Buying in Alexandria: Process, Costs & Insider Tips
Buying a home in Alexandria feels like preparing for a sprint. With Alexandria VA real estate listings moving in just 21 days, you'll need financing sorted and your game plan ready.
Get pre-approved for your mortgage before you start looking. This shows sellers you're serious when competing against multiple offers.
Your Alexandria home-buying roadmap: First, secure pre-approval. Next, find an agent who knows the local market. Tour homes quickly because properties won't wait. When you find "the one," prepare a competitive offer. Schedule inspection promptly and plan for a 30-45 day closing.
Property taxes average 1.05% of your home's assessed value annually. That $650,000 home costs roughly $6,825 in taxes yearly. HOA fees run $400-600 monthly for most condos.
For those exploring commercial opportunities, check out our guide to Office Space Alexandria VA.
Understanding Property Taxes & HOAs
Alexandria's 1.05% property tax rate on high property values means that median-priced home generates about $6,824 in annual taxes. The city reassesses properties annually.
HOA fees tell a story about your lifestyle. Basic townhouse communities charge $200-400 monthly. Mid-rise condos with amenities run $400-600 monthly. Fancy high-rises with concierge services cost $600-1,000+ monthly.
Navigating Today's Mortgage Rates
Current mortgage rates around 6.5-7% feel shocking compared to recent years, but they're closer to historical norms. Rate shopping becomes crucial - talk to multiple lenders, including local credit unions.
Consider rate buydowns if you're staying several years. Lock your rate once you're serious - rates change daily. Local lenders familiar with Alexandria often move faster than big national banks.
Frequently Asked Questions about Alexandria VA real estate listings
What are the safest or most desirable neighborhoods?
Taylor Run consistently tops the list for both safety and desirability, featuring tree-lined streets and well-maintained properties. Del Ray has become popular with young professionals for its walkable main street and community events.
Virginia Hills and North Ridge offer safety and affordability for first-time buyers. Old Town remains the crown jewel despite higher prices and parking challenges. Potomac Yard appeals to buyers wanting modern amenities and new neighborhood energy.
How many homes are currently for sale?
Right now, 163 homes are available, representing just 1.1 months of supply compared to a balanced market's 6 months. The breakdown includes about 95 single-family homes, 40 townhouses, and 25 condos.
Inventory fluctuates seasonally, but Alexandria's proximity to DC keeps demand strong year-round, maintaining frustratingly low inventory for buyers.
Are there upcoming open houses I should know about?
Alexandria's open houses typically happen on Saturday and Sunday afternoons between 1-4 PM. Popular properties often hold multiple sessions to manage crowds.
Arrive early for properties you're seriously considering. Bring your pre-approval letter and be ready with intelligent questions. Many agents also offer private weekday showings, which can be advantageous in avoiding weekend crowds.
Conclusion
Finding your dream home in Alexandria means entering one of Virginia's most dynamic real estate markets. With Alexandria VA real estate listings moving in just 21 days and a median price of $649,900, this waterfront city rewards buyers who come prepared and act decisively.
Whether you're eyeing a $302,750 starter condo or a luxury waterfront estate over $1 million, Alexandria delivers both lifestyle and long-term value. The city's unique blend of cobblestone streets and modern high-rises creates options for every taste and budget.
The current market reality means competition is fierce. Homes receive multiple offers, bidding wars are common, and the best properties often sell above asking price. But with the right preparation and local expertise, you can steer this market successfully.
At Brexton Commercial, we see how residential and commercial markets work together to create thriving communities. Our deep understanding of the Mid-Atlantic region, including Alexandria's unique market dynamics, helps clients make informed decisions with confidence.
Ready to make your move? Connect with local experts who know Alexandria inside and out. Schedule weekend tours, get your financing lined up, and prepare to act quickly. In a market where 163 homes compete for hundreds of buyers, preparation makes all the difference.
For comprehensive insights into Alexandria's broader real estate landscape and professional guidance custom to your needs, visit our Alexandria City real estate hub. Let's help you steer this exciting market and find your place in one of Virginia's most sought-after communities.
