Home Sales Trends in 400+ Neighborhoods
The local real estate market is on fire. See which areas are selling fastest and commanding top dollar in our expanded real estate guide.
Which neighborhoods in our area are seeing the heaviest turnover or rapidly rising home prices? Where are properties selling the fastest? The following chart tracks residential sales for single-family homes, condos and townhouses. You’ll find figures indicating the number of homes sold, average sale price and average days on market in more than 400 neighborhoods in Arlington, Falls Church and McLean from 2016 to 2020. Condo buildings are typically listed as individual subdivisions. The neighborhoods included had at least 15 total sales during the last five years. (However, the totals for each ZIP code reflect all sales in that ZIP code, not just the totals for the neighborhoods shown.) Because subdivisions entered into the Bright MLS database are not required to follow a standard nomenclature, we have expanded the data set to account for misspellings and inconsistencies in many subdivision names. Real estate agents may also enter sales into the database retroactively, and as a result, some of the historical data may vary slightly from the data in previous years’ charts. A designation of “NR” indicates that no sales were reported for that year.
Data provided by Bright MLS as of Jan. 11, 2021. Information deemed reliable but not guaranteed.
About Bright MLS — The Bright MLS real estate service area spans 40,000 square miles throughout the mid-Atlantic region, including Delaware, Maryland, Washington, D.C., and parts of New Jersey, Pennsylvania, Virginia and West Virginia. As a leading Multiple Listing Service (MLS), Bright serves approximately 85,000 real estate professionals who in turn serve more than 20 million consumers. For more information, visit brightmlshomes.com.
About SHOWINGTIME — ShowingTime is the leading showing management and market reporting technology provider to the residential real estate industry. Its showing products take the inefficiencies out of the appointment scheduling process, while its analytics tools help subscribers generate interactive, easy-to-read local market reports.