The total market value of home sales across Alexandria was down 4.8% year-over-year but remained above $100 million last month, according to new data.
A total of 121 residential properties changed hands citywide during the month, according to figures reported yesterday (Wednesday) by MarketStats by ShowingTime. That’s down from 136 transactions in November 2024.
Average sales prices were down in two of three segments of the market and up in the third:
- The average sales price for single-family homes declined 6.2% to $1,431,933
- The average sales price for attached homes — townhouses, rowhouses and condominiums — was up 15.7% to $743,250
- The average sales price for condominiums declined 1.3% to $432,469
Across all homes, the overall average sales price stood at $828,624, up 5.4%. Total sales volume for the month was $100,726,127, down 4.8%.
In November, sellers received 97.8% of listing price, down from 99.2% a year before. Homes that went to closing during the month spent an average 32 days on the market, up from 24 a year before.
While sales were down in November, pending sales were up, rising 8% to 151. Those pending sales will translate into completed transactions in coming months.
At the end of the month, there was more inventory for prospective purchasers to choose from. The 293 homes on the market represented an increase of nearly 50% from a year before.
Figures represent most, but not all, homes on the market. All November 2025 figures are preliminary and subject to revision.
Per-square-foot sales price declines slightly
Homes that sold in November across Alexandria averaged $468 per square foot, down slightly (1.1%) from a year before and trailing the year-to-date average of $490, according to MarketStats by ShowingTime.
Alexandria typically sits in the upper tier of regional jurisdictions in cost per square foot. In November, rates in other areas were $501 in the District of Columbia, $498 in Arlington, $489 in Falls Church, $366 in Fairfax County, $292 in Loudoun County and $254 in Prince William County.
For the Mid-Atlantic region as a whole, MarketStats by ShowingTime reported an average per-square-foot sales price of $252, up 1.6% year over year.
For the first 11 months of 2025, the average per-square-foot price of $256 in the Mid-Atlantic was up 2.8% from the same period in 2024.
‘Cautious’ buyer sentiment in region market
Across Alexandria and the rest of the Washington region, “cautious” is how Bright MLS chief economist Lisa Sturtevant described the state of the market in November.
“Economic uncertainty and ongoing affordability challenges remain the biggest constraints on the Mid-Atlantic housing market as we head into the final stretch of 2025,” she said.
Bright MLS is the region’s multiple-listing service. In its Dec. 10 update, it said prospective homebuyers are eager but not always willing to start their search.
“There is still a considerable amount of pent-up demand — particularly among first-time buyers,” Sturtevant said. “However, many of these would-be buyers are waiting for a more favorable combination of mortgage rates and home prices before entering the market.”
Across the Washington region, the 3,355 closed sales for the month were down 6.4% year-over-year in November, but the median sales price of $630,000 was up 5%, with higher-end buyers driving the increase, according to Bright MLS data.
The strongest regional conditions were in areas of Northern Virginia, with weaker conditions in D.C. and the Maryland suburbs, analysts said.
For the first 11 months of the year, sales across the D.C. region were down 0.8% to 45,476.
Looking ahead to 2026, lower mortgage rates and somewhat softer prices should start to bring more buyers back into the market, especially in the region’s more affordable submarkets, Bright MLS forecasts.
“As borrowing costs edge down and income growth gradually improves, some of the affordability pressures that weighed on 2025 activity are expected to ease,” analysts said.
Figures represent most, but not all, homes on the market. November 2025 figures are preliminary and subject to revision.
