Palmer Harned, Realtor®
Palmer Harned
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2016 Real Estate Recap {Arlington}

Arlington County condo and single family home prices remained quite steady year-over-year, while townhouse prices took a big dip in price. North Arlington single family home prices performed the best, breaking the $1 million mark at an average sales price of $1,020,000. The average days on the market went up slightly, though less inventory in 2017 will likely see that average drop back down.  

COUNTYWIDE
Average Sales Price:
Overall – $639,000
Single Family – $938,000
Townhouse – $626,000
Condo – $431,000
Average Days on the Market:
Overall – 49
Single Family – 46
Townhouse – 42
Condo – 53
Homes Sold:
Overall – 2,948
Single Family – 1,090
Townhouse – 314
Condo – 1,544

NORTH ARLINGTON
Average Sales Price:
Overall – $757,000
Single Family – $1,020,000
Townhouse – $711,000
Condo – $499,000
Average Days on the Market:
Overall – 52
Single Family – 46
Townhouse – 53
Condo – 58
Homes Sold:
Overall – 1,681
Single Family – 762
Townhouse – 172
Condo – 747

SOUTH ARLINGTON
Average Sales Price:
Overall – $464,000
Single Family – $701,000
Townhouse – $520,000
Condo – $364,000
Average Days on the Market:
Overall – 46
Single Family – 46
Townhouse – 29
Condo – 49
Homes Sold:
Overall – 1,208
Single Family – 293
Townhouse – 141
Condo – 774

Data is from the Metropolitan Regional Information System (MRIS). Average prices rounded to the nearest $1,000. For more market information or to find out what your home is worth, send an email to palmer@palmerharned.com.

 

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