The Downtown Alexandria housing market is very competitive. Homes in Downtown Alexandria receive 2 offers on average and sell in around 25 days. The median sale price of a home in Downtown Alexandria was $893K last month, up 15.2% since last year. The median sale price per square foot in Downtown Alexandria is $620, up 8.6% since last year.
What is the housing market like in Downtown Alexandria today?
In March 2024, Downtown Alexandria home prices were up 15.2% compared to last year, selling for a median price of $893K. On average, homes in Downtown Alexandria sell after 25 days on the market compared to 42 days last year. There were 126 homes sold in March this year, up from 108 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$892,500
+15.2% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Downtown Alexandria, VA
$892,500
+15.2%
United States
To compare other locations to the Downtown Alexandria and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Alexandria add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Downtown Alexandria housing market?
Downtown Alexandria is very competitive. Homes sell in 16 days.
0
100
81
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 16 days.
Hot homes
can sell for about 3% above list price and go pending in around 4 days.
Learn about schools in the Downtown Alexandria area
Elementary
Middle
High
GreatSchools Rating
7/10
Lyles-Crouch Elementary
Public • PreK-5
468
Students
28 reviews
5/10
Maury Elementary School
Public • K-5
383
Students
50 reviews
2/10
Jefferson-Houston Prek-8 School
Public • PreK-8
641
Students
43 reviews
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Downtown Alexandria housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Alexandria.
Risk Factor
Flood Factor - Major
86% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Alexandria has a major risk of flooding. 212 properties in Downtown Alexandria are likely to be
severely affected
by flooding over the next 30 years. This represents 86% of all properties in Downtown Alexandria. Flood risk is increasing slower than the national average.
91% of properties are at risk of wildfire over the next 30 years
Fire Factor
Downtown Alexandria has a minor risk of wildfire. There are 413 properties in Downtown Alexandria that have some risk of being affected by wildfire over the next 30 years. This represents 91% of all properties in Downtown Alexandria.
100% of properties are at severe
risk of a severe wind event over the next 30 years
Wind Factor
Downtown Alexandria has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Downtown Alexandria is most at risk from hurricanes. 453 properties in Downtown Alexandria have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 120 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 131 mph.
100% of properties are at severe
risk of heat over the next 30 years
Heat Factor
Downtown Alexandria has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Downtown Alexandria have a Severe Heat Factor®.
Downtown Alexandria is expected to see a 185% increase in the number of days over 111ºF over the next 30 years. Downtown Alexandria is expected to experience 7