Buy Alexandria Real Estate: What's the Average Price of a Home in...?

Alexandria Virginia Real Estate Blog

What's the Average Price of a Home in...?

Everyone buying a home wants to know the average home prices in the areas that interest them.  People planning to sell their homes like this information too.  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.

Here'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.  This is a general guide just to prices within the cities and towns.

I've broken it down 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.

Average Home PricesALEXANDRIA

Detached         $975,816
Townhouse       $909,432
Condo             $323,811

ANNANDALE

Detached          $614,283
Townhouse       $339,196
Condo              $139,810

ARLINGTON

Detached          $995,863
Townhouse        $718,379
Condo              $522,667

BURKE

Detached          $644,839
Townhouse       $311,589
Condo             $189,975

FAIRFAX

Detached        $746,033
Townhouse      $450,917
Condo            $261,364

FALLS CHURCH

Detached        $776,188
Townhouse     $467,817
Condo           $423,050

MCLEAN

Detached       $2,085,052
Townhouse       $853,474
Condo             $500,265

RESTON

Detached        $777,019
Townhouse     $478,080
Condo           $365,362

SPRINGFIELD

Detached       $565,446
Townhouse    $315,143
Condo           $159,780

You can certainly see the disparity between the different locations.  Use this as a handy-dandy 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.

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.

 

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Comment balloon 1 commentBrian Block • June 24 2009 07:53AM

Comments

Brian, and when you talk about "average" prices, it's important to note that this area is incredibly architechturally diverse.  So you could have more smaller homes and fewer biggies selling, bringing down the average.  But the new average may not reflect what's going on the price range for the houses that are selling.

Does this make any sense at all?

Posted by Patricia Kennedy, Home in the Capital (RLAH Real Estate) about 9 years ago

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