Home Sales Trends in More Than 400 Neighborhoods

Thinking of buying or selling? Here's what's happening with real estate transactions at the hyper local level.

Which neighborhoods are seeing the most turnover and which ones are commanding the highest price tags? The following chart tracks residential sales for single-family homes, condos and townhouses in our area. 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 2015 to 2019. 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. 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. 15, 2020. 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, New Jersey, Pennsylvania, Virginia, Washington, D.C. and West Virginia. As a leading Multiple Listing Service (MLS), Bright serves approximately 95,000 real estate professionals, who in turn serve over 20 million consumers. For more information, visit brightmls.com.

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Categories: Home & Design