Arlington October 2024 Home Sales

• 190 homes went under contract in Arlington. This is up 11% from the same time period in 2023.

• 46% of the homes went to settlement in October 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $805,366 (down 7% from the same time period in 2023 when it was $864,982).

• 182 homes came on the market. That’s down 18% from October 2023.

• Homes that sold (closed) averaged 26 days on market, 5 days slower than in October 2023.

• There is an 1.6 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Arlington – and 288 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington remained a Seller’s Market.  We saw a decrease in the number of homes coming on the market but the number going under contract in October increased slightly.  Overall inventory was down from last month, and was down 19% year-over-year.  Average sold price decreased and was down from this time last year. 

Arlington September/Q3 2024 Home Sales:

• 178 homes went under contract in Arlington. This is up 5% from the same time period in 2023.

• 51% of the homes went to settlement in September 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $952,257 (up 13% from the same time period in 2023 when it was $845,138).

• 211 homes came on the market. That’s down 6% from September 2023.

• Homes that sold (closed) averaged 23 days on market, 1 day faster than in September 2023.

• There is an 1.7 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Arlington – and 425 Arlington homes for sale (townhouse, condo and single-family).

Additional 3rd Quarter-End Stats – 2024 vs 2023:

Average sold price increased by 6% ($915,369 vs $864,031)

Total units sold decreased by 5%

Average sales price to original list price ratio decreased slightly – 98.9% vs 99.3%

OVERALL: Arlington remained a Seller’s Market.  We saw an increase in the number of homes coming on the market and going under contract in September.  Overall inventory was up from last month, but was down 6% year-over-year.  Average sold price increased and was up from this time last year. 

In the $1 Million and above price point, the months supply of homes is at 1.7 and under $1 Million sits at 1.5…both Seller’s Markets.  

Arlington August 2024 Home Sales:

• 151 homes went under contract in Arlington. This is down 15% from the same time period in 2023.

• 48% of the homes went to settlement in August 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $869,462 (down .6% from the same time period in 2023 when it was $874,332).

• 169 homes came on the market. That’s down 22% from August 2023.

• Homes that sold (closed) averaged 23 days on market, 1 day slower than in August 2023.

• There is an 1.6 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Arlington – and 293 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington remained a Seller’s Market.  We saw a decrease in the number of homes coming on the market and going under contract in August.  Overall inventory was basically unchanged from last month, but was up 3% year-over-year.  Average sold price decreased and was basically unchanged  from this time last year. 

In the $1 Million and above price point, the months supply of homes is at 1.4 and under $1 Million also sits at 1.4…both Seller’s Markets.  

Arlington July 2024 Home Sales:

• 175 homes went under contract in Arlington. This is down 6% from the same time period in 2023.

• 53% of the homes went to settlement in July 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $914,891 (up 5% from the same time period in 2023 when it was $871,042).

• 206 homes came on the market. That’s down 2% from July 2023.

• Homes that sold (closed) averaged 18 days on market, 1 day faster than in July 2023.

• There is an 1.6 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Arlington – and 301 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington remained a Seller’s Market.  We saw a slight decrease in the number of homes coming on the market and going under contract in July.  Overall inventory was basically unchanged from last month, but was up 7% year-over-year.  Average sold price decreased but was up from this time last year. 

In the $1 Million and above price point, the months supply of homes is at 1.5 and under $1 Million sits at 1.2…both Seller’s Markets.  

Arlington June/Q2 2024 Home Sales:

• 220 homes went under contract in Arlington. This is up 1% from the same time period in 2023.

• 57% of the homes went to settlement in June 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $962,312 (up 16% from the same time period in 2023 when it was $827,143).

• 201 homes came on the market. That’s down 15% from June 2023.

• Homes that sold (closed) averaged 18 days on market, 3 days faster than in June 2023.

• There is an 1.6 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Arlington – and 299 Arlington homes for sale (townhouse, condo and single-family).

Additional 2nd Quarter-End Stats – 2024 vs 2023:

Average sold price increased by 11% ($927,309 vs $834,980)

Total units sold decreased by 10%

Average sales price to original list price ratio increased slightly – 100.4% vs 100.0%

OVERALL: Arlington remained a Seller’s Market.  We saw a decrease in the number of homes coming on the market in June.  Overall inventory was also down from last month, but was up 5% year-over-year.  Average sold price increased and was up from this time last year. 

In the $1 Million and above price point, the months supply of homes is at 1.7 and under $1 Million sits at 1.2…both Seller’s Markets.  

Arlington May 2024 Home Sales:

• 213 homes went under contract in Arlington. This is down 18% from the same time period in 2023.

• 69% of the homes went to settlement in May 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $920,270 (up 11% from the same time period in 2023 when it was $829,491).

• 262 homes came on the market. That’s equal to April 2023.

• Homes that sold (closed) averaged 16 days on market, 1 day faster than in May 2023.

• There is an 1.7 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Arlington – and 322 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington remained a Seller’s Market.  We saw a slight increase in the number of homes coming on the market in May.  Overall inventory was also up from last month, and was up 18% year-over-year.  Average sold price increased and was up from this time last year. 

In the $1 Million and above price point, the months supply of homes is at 1.9 and under $1 Million sits at 1.4…both Seller’s Markets.  

Arlington April 2024 Home Sales:

• 229 homes went under contract in Arlington. This is down 11% from the same time period in 2023.

• 61% of the homes went to settlement in April 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $908,858 (up 7.5% from the same time period in 2023 when it was $845,587).

• 251 homes came on the market. That’s up 4% from April 2023.

• Homes that sold (closed) averaged 22 days on market, 10 days faster than in April 2023.

• There is an 1.4 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Arlington – and 268 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington remained a Seller’s Market.  We saw an increase in the number of homes coming on the market in April.  Overall inventory was also up from last month, but was down 2% year-over-year.  Average sold price increased and was up from this time last year. 

In the $1 Million and above price point, the months supply of homes is at 2.1 and under $1 Million sits at 1.1…both Seller’s Markets.  

Arlington March/Q1 2024 Home Sales:

• 229 homes went under contract in Arlington. This is down 5.8% from the same time period in 2023.

• 60% of the homes went to settlement in March 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $878,807 (up 4% from the same time period in 2023 when it was $844,318).

• 236 homes came on the market. That’s down 16% from March 2023.

• Homes that sold (closed) averaged 27 days on market, 2 days faster than in March 2023.

• There is an 1.2 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Arlington – and 224 Arlington homes for sale (townhouse, condo and single-family).

Additional 1st Quarter-End Stats – 2024 vs 2023:

Average sold price increased by 4.6% ($855,996 vs $817,982)

Total units sold increased by 6%

Average sales price to original list price ratio increased – 99.3% vs 98.1%

OVERALL: Arlington remained a Seller’s Market.  We saw an increase in the number of homes coming on the market and going under contract in March.  Overall inventory was also up from last month, but down 24% year-over-year.  Average sold price was up from February as well as from this time last year.

In the $1 Million and above price point, the months supply of homes is at 1.9 and under $1 Million sits at 1.2…both Seller’s Markets.  

Arlington February 2024 Home Sales:

• 186 homes went under contract in Arlington. This is up 17% from the same time period in 2023.

• 48% of the homes went to settlement in February 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $834,972 (up 2% from the same time period in 2023 when it was $820,218).

• 189 homes came on the market. That’s up 9% from February 2023.

• Homes that sold (closed) averaged 29 days on market, 10 days faster than in February 2023.

• There is an 1.1 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Arlington – and 212 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington remained a Seller’s Market.  We saw a slight increase in the number of homes coming on the market and going under contract in February.  Overall inventory was also up from last month, but down 15% year-over-year.  Average sold price was up from January as well as from this time last year.

In the $1 Million and above price point, the months supply of homes is at 1.9 and under $1 Million sits at 1.1…both Seller’s Markets.  

Arlington January 2024 Home Sales:

• 178 homes went under contract in Arlington. This is up 7% from the same time period in 2023.

• 33% of the homes went to settlement in January 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $802,732 (up 4% from the same time period in 2023 when it was $774,945).

• 180 homes came on the market. That’s down 9% from January 2023.

• Homes that sold (closed) averaged 39 days on market, 1 day faster than in January 2023.

• There is an 1.1 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Arlington – and 199 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington remained a Seller’s Market.  2024 started with an increase in the number of homes coming on the market and going under contract compared to year-end 2023.  Overall inventory was down just slightly from last month and was down 17% year-over-year.  Average sold price was down from December but remains up year-over-year.

In the $1 Million and above price point, the months supply of homes is at 1.7 and under $1 Million sits at 1.1…both Seller’s Markets.