Home prices in DC’s suburbs keep climbing

DC home for sale sign
Home sales throughout the D.C. suburbs were up double digits from a year ago last month, and in Northern Virginia, prices were generally up double digits as well. (WTOP/Jeff Clabaugh)

Home sales throughout the D.C. suburbs were up double digits from a year ago last month, and in Northern Virginia, prices were generally up double digits as well.

Arlington County remains the most expensive D.C. suburb, with a median selling price of $660,000 in November, up 20% from last November, according to Long & Foster data. The number of homes that sold in Arlington last month — 221 — was 23% more than a year ago.

The good news for potential buyers in Arlington is that the 530 active listings at the end of November was up 122% from November 2019.

The 228 sales in Alexandria in November was 50% more than a year ago. The median price of $600,000 was up 12%. Loudoun County sales were up 38%, and its median selling price of $560,000 was up 14%.

Sales in Fairfax and Prince William counties were up 30% and 45%, respectively, with a median price in Fairfax County of $574,000, up 7%. The median price in Prince William County was $410,000, up 9%.

In the Maryland suburbs, sales were also significantly higher than a year ago last month.

Closed sales in Montgomery County were up 24%, and the median price of $490,000 was up 5%. Sales in Prince George’s County were up 18%, and the median price was up 14% to 359,950.

Below are snapshots of housing market activity in the Northern Virginia and Maryland suburbs from Long & Foster Real Estate.

A snapshot of housing market activity in the Maryland suburbs.
A snapshot of housing market activity in the Northern Virginia suburbs.

Jeff Clabaugh

Jeff Clabaugh has spent 20 years covering the Washington region's economy and financial markets for WTOP as part of a partnership with the Washington Business Journal, and officially joined the WTOP newsroom staff in January 2016.

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