Arlington found itself supplanted in November by Alexandria, which raced ahead to post the highest per-square-foot home-sales price across Northern Virginia.
Arlington saw a year-over-year increase of 2.2 percent to $465, according to figures reported Dec. 11 by Bright MLS, the region’s multiple-listing service, and analyzed by the GazetteLeader.
But Alexandria did better, gaining 7 percent year-over-year for an average per-square-foot cost of $472.
Both remained below the regional leader, as the District of Columbia came in with an average cost of $519. While still highest, it was one of only two of the major jurisdictions across the region to report year-over-year declines.
Among Northern Virginia localities, performance was all higher, albeit by varying degrees:
• In Falls Church, the average sales price of $438 was up 20.7 percent from a year before.
• In Fairfax County, it was up 6.5 percent to $346.
• In Loudoun County, it was up 9.5 percent to $288.
• In Prince William County, it was up 10.7 percent to $239.
In suburban Maryland, Montgomery County recorded a decline of 0.3 percent to $300, while Prince George’s County saw growth of 2.2 percent to $236.
For the Mid-Atlantic region as a whole, the average per-square-foot sales price of $236 for the month was up 5.8 percent from a year ago.
For the first 11 months of the year, average sales prices were $527 in the District of Columbia, $473 in Arlington, $461 in Alexandria, $420 in Falls Church, $346 in Fairfax County, $309 in Montgomery County, $377 in Loudoun County, $242 in Prince George’s County and $233 in Prince William County. The average year-to-date sales price across the Mid-Atlantic as a whole was $237.
Figures represent most, but not all, homes on the market. All November 2023 figures are preliminary and are subject to revision.
