Updated October 28, 2026 by David Mount, REALTOR®, The Redux Group of eXp Realty | Alexandria, Virginia
Quick Answer: the City of Alexandria’s housing market cooled noticeably in Q3 2026. About 443 homes closed in the quarter, roughly 15% fewer than in Q3 2025, and by September the median sold price was $660,000, down 11.4% from a year earlier (NVAR data reported by Alexandria Living Magazine). The September average was $750,137 (Bright MLS data via ALXnow; an average, not a median). Homes still went under contract in 24 to 28 days on average and sold for 97.7% to 98.9% of list price. The real change is inventory: 464 homes were for sale at the end of September, up from 366 a year earlier and about 50% above the five-year September average. Sellers still hold the edge, but buyers now set the pace.
Have a question about your own home? Call or text David at 571-946-8418. Send a text and he will reply himself.
In this report:
Q3 2026 Alexandria Market Snapshot
Q3 2026 Alexandria key numbers at a glance:
- Median sold price: $660,000 in September, down 11.4% from a year earlier (August: $752,500, up 9.1%)
- Closed sales: about 443 for the quarter, roughly 15% fewer than Q3 2025
- Days to a ratified contract: 24 to 28 on average
- Sale price vs. list price: 97.7% to 98.9%
- Active listings: 464 at the end of September, up from 366, and about 50% above the five-year September average of 310
| Metric | July 2026 | August 2026 | September 2026 | Source |
|---|---|---|---|---|
| Median sold price | Not reported | $752,500, up 9.1% | $660,000, down 11.4% | NVAR data via The Alexandria Brief (Sep 21) and Alexandria Living Magazine (Oct 17, 2026) |
| Average sold price (all home types) | $826,512, up 1.5% | $847,020, up 12.2% | $750,137, down more than 12% (NVAR: down 12.5%) | July and September: Bright MLS data via ALXnow (Aug 13 and Oct 15, 2026). August: NVAR via The Alexandria Brief. Averages, not medians. |
| Single-family detached, average | $1,323,944, up 3.4% | $1,506,223, up 14.7% (just 20 sales) | $1,256,267, down 7.3% | Bright MLS data via ALXnow |
| Attached homes (townhouses, rowhouses and condos), average | $728,426, up 1.1% | $727,164, up 13.6% (110 sales) | $715,387, down 8% | Bright MLS data via ALXnow |
| Condos only, average | $550,390, up 25.5% | Not reported | $423,806, down 18.5% | Bright MLS data via ALXnow |
| Closed sales | 170 (174 a year earlier) | 130, down 28.6% (182 a year earlier) | 143, down 14.4% (167 a year earlier) | Bright MLS data via ALXnow; September percentage from NVAR |
| Total sales volume | $140.4 million, down 0.7% | $111.1 million, down 19.4% | $107.7 million, down 24.4% | Bright MLS data via ALXnow |
| Average days on market (listing to ratified contract) | 24 (25 a year earlier) | 26 (24 a year earlier) | 28 (28 a year earlier; five-year September average 24) | Bright MLS data via ALXnow |
| Sale price compared to list price | 98.9% of list price (98% a year earlier) | 97.9% of list price (98.6% a year earlier) | 97.7% of original list price (98.7% a year earlier; five-year average 98.5%) | Bright MLS data via ALXnow |
| Active listings at month end | 411, up about one-third | 390 (318 a year earlier) | 464 (366 a year earlier; five-year September average 310) | Bright MLS data via ALXnow |
| Pending sales at month end | 128, down about 30% | 125, down about 24% | 133 (162 a year earlier) | Bright MLS data via ALXnow |
| New listings | Not reported | 149 (171 a year earlier) | Not reported | Bright MLS data via ALXnow |
| Average price per square foot | $520 | $511 | $479 ($500 a year earlier) | Bright MLS data via ALXnow |
| Months of supply | Not published for Alexandria | Not published for Alexandria | Not published (about 3.1 by David’s rough math; see below) | No city-only figure found |
This report covers the independent City of Alexandria, not the parts of Fairfax County that share an Alexandria mailing address (if you are not sure which one you live in, my guide on whether Alexandria is in Fairfax County explains the difference). Alexandria closes only 130 to 170 homes in a typical month, so single-family averages built on 20 sales can swing sharply. No source publishes a months-of-supply number for the city alone. My own rough math, 464 listings measured against the quarter’s average pace of about 148 closings a month, works out to roughly 3.1 months. Treat that as an estimate, not an official statistic.
For regional context, the Northern Virginia Association of Realtors reported a September median of $744,950 across its footprint, up 4.2%, with closed sales down 7.5%, new pending sales down 16.2%, an average of 28 days on market, and 2.5 months of supply as active listings rose 30.7%. Alexandria’s September median now sits well below that regional figure. Bright MLS described the wider D.C. metro’s September as “A Stalling Housing Market This Fall.”
How does Q3 compare to earlier in 2026?
The first half of 2026 ran ahead of last year, and the third quarter gave most of that back. Through September, Alexandria recorded 1,522 sales, down just 0.9% from 1,536 in 2025, per ALXnow. But Q3 alone came in at about 443 closings against 523 a year earlier. July looked like a normal summer, with prices up slightly and homes selling in 24 days. August is when buyers stepped back: closings fell 28.6% even as the average price rose 12.2%, largely because the homes that did sell skewed toward higher-priced single-family homes. September is when prices followed, with the median down 11.4% and listings about 50% above the five-year September average.
The month-to-month inventory line tells the story without any price noise: 390 listings at the end of August, 464 at the end of September, against a five-year September average of 310. Pending sales, the preview of upcoming closings, were down every month of the quarter.
What does Q3 2026 mean for Alexandria sellers?
Alexandria sellers now compete for buyers instead of the other way around, so price and presentation decide the outcome. Buyers had about 50% more homes to choose from in September than in a typical September, and they took longer to commit: 28 days on average against a five-year norm of 24. If you own a townhouse in Old Town, Del Ray or the West End, your segment held up best, with attached-home averages still around $715,000 to $728,000 all quarter. Condo owners face the most pressure, with the September condo average down 18.5%. Single-family owners should expect a smaller, more deliberate buyer pool. For any home type, price from the last 60 to 90 days of closed sales on your street and in your segment, finish repairs before photos, and plan for a three to five week marketing window.
What does it mean for Alexandria buyers?
For buyers, Alexandria offers more room than in a typical recent fall. More listings, longer market times and sellers accepting 97.7% of original list price mean there is room to negotiate, especially on condos and on homes that have been listed for more than two weeks.
Thinking about selling in Alexandria this winter or in 2027?
Call or text David at 571-946-8418. He will tell you what the house could sell for today and what has to happen first.
12+ years, 200+ transactions, $130M+ sold, 100+ five-star reviews across Google, Zillow, Realtor.com and FastExpert.
Recent Alexandria proof: Tom W., a retiring veteran, sold his Rosemont townhouse with David in 2025 “quickly at more than the listing price.”
David’s take
Of the Northern Virginia markets I track, Alexandria’s Q3 is the one I would least want to misread. The September median drop is real, but it came after an August that looked like a price surge, and both moves were exaggerated by which homes happened to close. The part I trust is the inventory: there are far more homes for sale in the city than in a typical September, and buyers know it. That does not mean you should rush or wait. It means the gap between a well prepared, accurately priced listing and an optimistic one is wider than it was in the spring. The Rosemont townhouse I sold for Tom W. in early 2025 went for more than its list price because we priced it to what Rosemont buyers actually pay for, and that discipline matters even more now. If you are settling an estate, my guide to selling an inherited home in Alexandria walks through the probate side. If you are planning a 2027 sale, the useful step this fall is a pricing conversation built on Q3 closings in your specific neighborhood and home type.
Frequently Asked Questions
What is the median home price in Alexandria, VA right now?
$660,000 in September 2026, down 11.4% from a year earlier, per NVAR data reported by Alexandria Living Magazine. August’s median was $752,500, up 9.1%. The September average, which runs higher because of single-family sales, was $750,137 per Bright MLS data via ALXnow. These figures cover the independent City of Alexandria, not Fairfax County addresses with an Alexandria mailing address.
Are Alexandria home prices dropping?
September showed the first clear year-over-year decline of 2026, but one month is not yet a trend. The median fell 11.4% and the average fell 12.5% in September by NVAR’s numbers, right after August posted gains of 9.1% and 12.2%. Condos fell hardest, with the average down 18.5% to $423,806. With only about 140 sales a month, the mix of homes that close can swing these numbers, so the October and November data will show whether the decline holds.
How long does it take to sell a house in Alexandria?
About four weeks: an average of 24 to 28 days from listing to ratified contract in Q3 2026, per Bright MLS data via ALXnow. September’s 28 days matched a year earlier but ran above the five-year September average of 24. Settlement usually adds another 30 to 45 days after the contract is ratified.
Is Alexandria a buyer’s or seller’s market in late 2026?
Still a seller’s market, but more buyer-friendly than a typical recent fall. Sellers received 97.7% of original list price in September, and listings reached 464, about 50% above the five-year September average of 310. By my rough math that is about 3.1 months of supply, still under the 4 to 6 months that signals balance, but buyers now have real choices and time to negotiate.
Should I sell my Alexandria home now or wait until 2027?
If you plan to sell within the next year, preparing now beats waiting for prices to rebound. Listings rose year over year all quarter while pending sales fell, which points to more competition in the months ahead, not less. A well prepared home priced from current comps still sells for about 98% of list. Your timeline and your next move should drive the decision.
Get a Personalized Alexandria Home Valuation
A city average blends Old Town single-family homes with West End condos, so no number above is your number. I will run a free, no-obligation comparative market analysis using current Bright MLS data for your neighborhood and property type, and tell you plainly what the Q3 data says your home would sell for today.
Want a real number for your Alexandria home, not a city average?
Call or text David at 571-946-8418. He will tell you what the house could sell for today and what has to happen first.
12+ years, 200+ transactions, $130M+ sold, 100+ five-star reviews across Google, Zillow, Realtor.com and FastExpert.
Free, no-obligation comparative market analysis from current Bright MLS data. David reads every message himself and replies by call or text.
Where these numbers come from
Every figure in this report is traceable to a public source, checked on October 28, 2026:
- ALXnow, “Alexandria’s home sales, prices hold steady in July, but slower days may be ahead” (August 13, 2026; Bright MLS / MarketStats by ShowingTime)
- ALXnow, “Alexandria home sales soften in August as buyers react to higher interest rates” (September 16, 2026)
- The Alexandria Brief, “Alexandria home prices climbed in August as sales fell nearly 29%” (September 21, 2026; NVAR data)
- ALXnow, “Elevated interest rates are putting a chill in Alexandria’s real estate market” (October 15, 2026; data as of October 12)
- Alexandria Living Magazine, “Alexandria Home Prices Fall 11% in September as Sales Slow” (October 17, 2026; NVAR data, Bright MLS as of October 12)
- Northern Virginia Association of Realtors, Market Statistics: September 2026 (October 16, 2026)
- Bright MLS, “September 2026 Housing Market Report: A Stalling Housing Market This Fall” (October 12, 2026)
Monthly figures are preliminary and can be revised. The quarterly total in this report (about 443 closings) is the sum of the three monthly counts, not a separately published number. July and August sale-to-list figures are “percent of list price”; September’s is “percent of original list price,” so they are not perfectly comparable.
About David Mount, REALTOR®
The Redux Group of eXp Realty | Fairfax, VA | Serving Fairfax, Loudoun, Arlington, Prince William, Alexandria and Falls Church
David grew up in Burke, in the heart of Fairfax County, and graduated from Lake Braddock Secondary School and James Madison University. He has 12+ years of full-time experience and 200+ transactions in Northern Virginia residential real estate, with a particular focus on life-transition sales (inherited property, downsizing, military relocation, and out-of-state moves).
Credentials and recognition: NVAR Platinum Top Producer (2024) · CPRES and MRP certified · 100+ five-star client reviews across Google, Zillow, Realtor.com and FastExpert · Zillow Premier Agent · Veterans United preferred agent.
Contact David: 571-946-8418 · Text · david.mount@thereduxgroup.com
Related Resources
- How to Sell Your Home in Alexandria, VA: 2026 Seller’s Guide (the full selling guide)
- Northern Virginia Housing Market Update: What Sellers Need to Know (2026) (the regional picture earlier in 2026)
- Selling an Inherited Home in Alexandria, VA: Probate & Estate Sale Guide
- Downsizing in Alexandria, VA: A 2026 Guide
- Selling Your Alexandria, VA Home to Retire and Relocate
- How Long Does Probate Take in Alexandria, VA?
- Is Alexandria, VA in Fairfax County? City vs. County Explained