The Alexandria real estate market saw a strong start to spring, with April sales up 33% year over year.
A total of 217 properties went to closing during the month, according to data from MarketStats by ShowingTime.
That’s up from 163 in April 2025, although it is in the middle of the pack compared to April sales in recent years. Transactions totaled 187 in 2024, 184 in 2023, 278 in 2022, 299 in 2021 and 208 in 2020.
The average sales price of all homes that went to closing in April citywide was $895,787, up 4.5%, with increases across all three segments of the market:
- The average sales price of single-family homes was $1,438,054, up 3.4%
- The average sales price of attached homes, including townhouses, rowhouses and condominiums, was $769,463, up 3%
- The average sales price in the condo-only sector was $583,893, up 12.1%
Total sales volume for the month was $194.83 million, up 40% from a year earlier, owing to more sales and higher prices.
Seller activity also increased, with the number of active listings — 343 — up 8.5% from a year ago.
Pending sales for the month stood at 218, up 9%. Those pending transactions typically move into the sold category within a month or two.
Alexandria’s results were among the strongest in a robust regional market.
“While the spring housing market got off to a slow start, both buyers and sellers were much more eager in April,” Lisa Sturtevant, chief economist for Bright MLS, said.
Across the D.C. metro area in April, home sales totaled 4,851, up 2.9%. Increases were recorded in every jurisdiction except Falls Church and Prince George’s County.
Prospective buyers had more to choose from, with new listings up 7.1% year-over-year. The median time between listing and ratified sales contract regionally was a “very fast” eight days, Sturtevant said.
Median sales price up from 2025 across metro area
The median sales price of single-family homes across the Washington metro area was $637,100 during the first quarter of 2026, according to new data from the National Association of Realtors.
That’s up 1% from the first quarter of 2025, twice the 0.5% increase — to a median of $404,300 — recorded nationally.
“Gains were particularly solid across metro areas in the Northeast, where inventory shortages persist, and in the Midwest, where home prices remain relatively affordable,” said Lawrence Yun, chief economist for the National Association of Realtors.
Median single-family sales prices for the first quarter stood at $506,500 in the Northeast, up 4.9%; $308,100 in the Midwest, up 3.6%; and $362,300 in the South, up 0.2%. In the West, the median sales price of $607,600 was down 2.9%.
Five metro areas recorded median sales prices of more than $1 million, with four of the five posting increases:
- San Jose-Sunnyvale-Santa Clara, Calif. ($2,030,000, +0.5%)
- Anaheim-Santa Ana-Irvine, Calif. ($1,442,900, -0.5%)
- San Francisco-Oakland-Hayward, Calif. ($1,350,000, +2.3%)
- Urban Honolulu, Hawaii ($1,175,100, +0.9%)
- San Diego-Carlsbad, Calif. ($1,050,000, +1.3%)
Year-over-year median prices rose in 71% (167 out of 235) of metro markets included in the trade group’s quarterly report. That’s essentially unchanged from the 73% recorded in the fourth quarter of 2025.
Virginia home market posts solid quarter
First-quarter home sales statewide were up 6.4% year over year as prices rose slightly, according to data from the Virginia Realtors trade group.
A total of 20,850 properties changed hands from Jan. 1 to March 31, according to new data. That compared to 19,596 sales during the same period in 2025.
The median sales price rose 1.2%, from $405,000 to $410,000. Total sales volume for the quarter increased from $10.1 billion in 2025 to $10.9 billion in 2026.
In March, sales rose 8.8% to 8,388, while the median sales price increased to $425,000 from $418,000 a year earlier.
According to the trade organization’s analysis:
“Sales and pending sales rose in March as more buyers entered the market, and more listings are on the market, reflecting an increase in seller activity. Sold dollar volume rose sharply this month, and the average sold-to-list ratio also increased. Home prices rose modestly overall, but there was a lot of variation at both the local and regional levels.”
Just over half — 52% — of the commonwealth’s cities and counties saw year-over-year sales increases in March.
Figures represent most, but not all, homes on the market. All 2026 figures are preliminary and subject to revision.
