Buy Alexandria Real Estate: May 2011

Alexandria Virginia Real Estate Blog

How Much Does the Average Home Cost Here?

"all the women are strong, all the men are good looking, and all the children are above average."
-- Garrison Keillor on Lake Wobegon

Nobody want to be just average.  Nobody wants to have just average children.  And nobody wants to buy the "average home."

Yet, everyone buying or selling a home wants to know the average home prices in the areas that interest them.  While real estate is extremely hyper-local, just getting an idea of prices in a particular area can be helpful.  Home prices vary greatly from one locality to the next.

Average Home Prices in Northern VirginiaHere's a quick and easy guide to the average prices in different cities and towns in Northern Virginia -- note that within each of these areas prices can vary widely depending upon particular neighborhood.  Thus, this is a general guide just to prices within these Northern Virginia cities and towns.  Average prices can also be misleading sometimes because of one or two very high priced or low priced homes that are outside the norm for that particular area.

This analysis is broken down for you by type of home -- detached single family, townhouse, and condo.  You should also note that these averages are based on MRIS data of currently listed homes.  The data does not include for sale by owner properties, and does not necessarily indicate the prices for which these homes will eventually sell.  The numbers are meant to give you a general landscape of the different average prices by jurisdiction.


Detached         $901,850
Townhouse       $705,686
Condo             $309,154


Detached          $608,058
Townhouse       $352,580
Condo              $174,657


Detached          $1,057,547
Townhouse         $665,272
Condo               $451,925


Detached          $544,145
Townhouse       $329,984
Condo             $216,554


Detached        $676,610
Townhouse      $435,582
Condo            $273,029


Detached        $856,041
Townhouse     $481,594
Condo           $421,157


Detached       $2,196,951 * (when subtracting out 5 most expensive homes, avg. price is still $1.97M)
Townhouse       $907,616
Condo             $512,932


Detached        $660,995
Townhouse     $420,274
Condo           $300,718


Detached       $514,099
Townhouse    $371,923
Condo           $210,855

You can certainly see the disparity between the different locations.  Use this as a handy guide to helping you choose where to purchase your next home.  The average home in McLean is obviously very different from the average home in Springfield.  Condos in Arlington are much more pricey than condos in Fairfax (on average).

Of course, for a more detailed pricing guide broken down to a more micro level including zip codes or particular neighborhoods, feel free to contact me anytime.


Thank you for reading my blog post.  If you like what you’ve read, then please:

Follow, Connect, Watch, Subscribe

Follow Brian Block on TwitterBecome a Fan of Block Real Estate Group on FacebookConnect with Brian on LinkedInWatch Brian's Videos on YouTubeSubscribe to Brian's Blog

If you plan to purchase or sell a home in the Northern Virginia or D.C. area,
you can visit my main Northern Virginia & D.C. real estate website at


Comment balloon 2 commentsBrian Block • May 25 2011 07:10PM
How Much Does the Average Home Cost Here?
"all the women are strong, all the men are good looking, and all the children are above average " -- Garrison Keillor on Lake Wobegon Nobody want to be just average. Nobody wants to have just average children. And nobody wants to… more
Turning Point of the Year - 1, 944 More Northern Virginia Homes on the…
While 2011 is not quite half over, Memorial Day weekend typically represents a turning point in the year for most people. According to traditional fashion etiquette, you are now allowed to wear white clothing, shorts, and linen. Most people and… more
Arlington Virginia Real Estate Market Snapshot for May 2011
What's Happening today in the Arlington Virginia Real Estate Market? The chart below details all of the closed home sales activity in Arlington, Virginia for April 2011: Sales volume for April 2011 was down significantly in… more
Look Inside and Buy a "Real Housewives" Home in McLean,…
I have a confession to make. I DON'T watch "Real Housewives. " I don't care whether they're in Orange County, New York City, or even on my home turf here in Washington D. C. I don't even watch the hit show Desperate Housewives… anymore… more
What Would You Do to… Buy a Home?
There are many important reasons that people decide to purchase a home Among the top reasons according to the National Association of REALTORS "Profile of Home Buyers and Sellers 2010" are: "Desire to own a home of my… more
Thank Your Lucky Stars that You're in the Northern Virginia Real…
Last week thousands of REALTORS from around the United States descended upon Washington to attend the National Association of REALTORS Midyear Legislative Meetings and Trade Expo ("Midyear"). While most stayed at the Marriott Wardman… more
Buy the Neighborhood First, Then Buy Your House
You can change your house, you can fix it up, you can remodel, you can put on an addition, you can landscape, yadda yadda yadda, but you can't (at least single-handedly) change your neighborhood. When it comes to real estate, you've likely heard… more
Northern Virginia's Most Expensive Home Sales for April 2011
Are you wondering about Northern Virginia real estate and pondering what has sold recently? Here's some information about the most expensive home sales in Northern Virginia (Arlington County, Alexandria City, Fairfax City, Fairfax County, and… more