Alexandria average home price tops $850K as sales rise during 2026’s first half

Despite a relatively weak June report, Alexandria saw a 6.2% year-over-year increase in home sales during the first six months of the year.

A total of 1,063 residential properties changed hands from January to June, up from 1,001 in 2025, according to figures reported July 10 by MarketStats by ShowingTime.

The average sales price of the properties sold during the first half of the year was $853,247, up 3.6% from $823,267.

The average per-square-foot sales price of those city sales was $513 for the six-month period, up 5.1% from $488 in 2025 and second highest in the region behind Falls Church at $530.

Arlington ($512 per square foot) and the District of Columbia ($510) followed closely behind, with Fairfax County at $378.

The city’s real estate market took a bit of a breather in June, with the 205 transactions down 9.7% year over year.

The average sales price increased 1.1% to $850,041, but that was largely due to a larger percentage of single-family homes in the overall sales mix.

Among the three segments of the Alexandria market in June:

• The average sales price of detached single-family homes was $1,404,691, down 2.7%.
• The average sales price of attached properties — townhouses, rowhouses and condominiums — was $719,732, down 0.5%.
• The average sales price of condominiums alone was $468,466, down 6.2%.

Total sales volume for the month stood at $174.05 million, down 8.6% year over year.

Inventory was up, with the 376 homes on the market at the end of June representing a 20% increase from the 313 at the tail end of June 2025.

Figures represent most, but not all, homes on the market. All June 2026 figures are preliminary and subject to revision.

Metro area sees year-over-year sales increase

Across the D.C. metro area, sales for the month totaled 5,274, up 4.4% from a year before, according to Bright MLS, the region’s multiple-listing service. The median sales price of $875,000 was up 1.7% from a year ago.

Across the metro area and broader Mid-Atlantic region, both buyers and sellers were active in June, according to data reported July 10.

“The Mid-Atlantic market continues to be driven by higher-end sales,” said Bright MLS chief economist Lisa Sturtevant.

“Higher-income and repeat-buyers are most active, while moderate-income and first-time buyers are often shut out,” Sturtevant said.

She added:

“Even though mortgage rates remain in the 6.5% range, many buyers are acting now, perhaps concerned about higher rates later in the year. Listing activity has rebounded after a slow start to the year and the higher inventory has been a key factor bringing more homebuyers into the market.”

The median sold price in June was $460,000, a 2.3% year-over-year increase and a new record high for the Bright MLS service area.

Zillow: Metro area’s median valuation flat from 2025

Home values across the Washington metropolitan area were flat year over year in June, according to new Zillow estimates.

The median Zillow valuation of D.C. region homes for the month was $584,571, down 0.1% from June 2025, according to new data. That compares to a median U.S. value of $372,057, up 1.1% from a year before.

Zillow estimates home valuations based on sales price and other factors.

According to preliminary Zillow estimates, D.C. area home sales were up 5.8% from last year, in line with a 9.2% national growth rate to 381,125 transactions in June.

“The market wrestled with some uncertainty throughout the spring shopping season, but mortgage rates declining from their mid-spring peak has added some extra heat as we head into an already toasty summer,” said Mischa Fisher, chief economist at Zillow.

There were 1.39 million homes for sale nationwide in June, according to Zillow data. Active inventory was 0.9% higher than a year earlier.

Va. home prices reach record high

Virginia home prices reached a record high in new data, but the statewide market is expected to cool as the spring and summer buying season gives way to autumn.

The median sales price of Virginia homes stood at a record $452,060 in May, up 2.7% year over year, Virginia Realtors reported. Sales for the month totaled 10,940, also up 2.7% year over year.

June sales data will be reported later in July.

The state trade organization’s monthly Realtor Confidence Survey, conducted June 24 through July 1, showed largely stable sentiment among those in the industry.

The survey’s Buyer Activity Index was 42 on a 0-to-100 scale, unchanged from May but down from 54 and 52 in April and March, respectively. The Seller Activity Index was 45, up from 40 in May but down from 48 in June.

In each case, the figures are in line with typical seasonal norms, which see activity peak in spring followed by those transactions completing by early summer.

Only 11% of survey respondents expect strong buyer activity in the next three months, and just 15% expect strong seller activity. Both are following typical seasonal trends.

Respondents were nearly equally divided on the state of prices anticipated in the early fall market, with 31% expecting higher sales prices by late September, 30% lower prices and 34% a largely unchanged market.