This regularly-scheduled sponsored Q&A column is written by Eli Tucker, Arlington-based realtor and Arlington resident. Please submit your questions to him via email for response in future columns. Enjoy!
Question: How much more can I expect to pay for a five-bedroom house compared to a four-bedroom house?
Answer: The primary criteria for most buyers is the number of bedrooms, so this week we will break down the cost of detached and condo housing in Arlington by bedroom count. The dataset includes all closed sales since January 1, 2020, except a $45 million sale, River Place Coop and age-restricted housing.
Below are some highlights from the data:
- For detached homes, the biggest price jump is from four bedrooms to five, with an average price increase of 33.1%.
- The best value for a detached home, with the lowest cost per bedroom, is a four-bedroom house.
- Larger homes are much harder to find in South Arlington, with just 58 homes with five or six bedrooms sold since 2020 compared to 353 sold in North Arlington.
- Nobody builds smaller homes anymore. Of the sold homes built within the last 20 years, zero had two bedrooms, three had three bedrooms, and 33 had four bedrooms compared to 141 and 64 with five and six bedrooms, respectively.
- Smaller, more affordable homes sell faster with approximately 70% of two- and three-bedroom detached homes selling after just one to 10 days on market compared to approximately 40-45% of five- and six-bedroom detached homes.
- For condos, going from a two-bedroom to a three-bedroom adds 78.1% and is even more expensive in North Arlington, nearly doubling the cost
The number of three-bedroom condos sold is less than 10% of the number of one-bedroom and two-bedroom units sold. - If you are looking for a three-bedroom condo on a budget, focus on South Arlington, where the average comes in under $550,000 compared to over $1.7 million in North Arlington.
- Expect to pay about 20% more for a property (detached or condo) built in the last 20 years.
Hopefully this helps those of you currently searching for a home in Arlington or planning a housing search soon!
If you’d like to discuss buying, selling, investing, or renting, don’t hesitate to reach out to me at [email protected].
If you’d like a question answered in my weekly column or to set-up an in-person meeting to discuss local Real Estate, please send an email to [email protected]. To read any of my older posts, visit the blog section of my website at www.EliResidential.com. Call me directly at 703-539-2529.
Eli Tucker is a licensed Realtor in Virginia, Washington DC, and Maryland with RLAH Real Estate, 4040 N Fairfax Dr #10C Arlington VA 22203. 703-390-9460.
Recent Stories
Today may be rainy, but in general the weather is getting warmer, the cherry blossoms are in peak bloom, and it’s a great time to get out of the house….
Say hello to the curious bunny named Franscisca. This sweet girl is currently in foster and can’t wait to find her forever home! Her friends at Animal Welfare League of…
Public safety in Arlington County is poised to be increasingly automated and unmanned, with more traffic enforcement cameras and drones potentially coming soon. The updates came during a work session…
Retail businesses have struggled to make a go of it at 3800 Langston Blvd, but another looks set to give it a try. The condo building in Cherrydale has seen…
Synetic Theater Camps are a wildly fun, highly accessible choice for young people who love moving, playing games, and making memories. Registration is open now for Summer Camps (sessions June 20-August 25) and there are even a few spots left for Spring Break camp, April 3-7.
Located in National Landing, these performance-based camps are designed for students of all ages – no theater or performance experience required.
Led by professional teaching artists, campers learn acting, movement, and technical theater skills through the lens of Physical Theater. Physical Theater incorporates acting, movement, dance, mime, and acrobatics. If you’ve seen a Cirque du Soleil performance, you’ll find many similarities.
Most first-time campers are new to the performing arts, and teaching artists are well-versed in engaging students at all levels. Parents and campers report that one of the best parts of Synetic is the community, with many families returning year after year because they feel a strong sense of belonging.
EDBS Dental Billing Solutions is pleased to announce that it has achieved compliance with the federally mandated standards of the Health Insurance Portability and Accountability Act (HIPAA) through the use of Compliancy Group’s proprietary HIPAA methodology, The Guard® compliance tracking software, and HIPAA Seal of Compliance®.
The HIPAA Seal of Compliance is issued to organizations that have implemented an effective HIPAA compliance program through the use of The Guard, Compliancy Group’s proprietary compliance tracking solution.
Clients and patients are becoming more aware of the requirements of HIPAA compliance and how the regulation protects their personal information. Forward-thinking providers like EDBS Dental Billing Solutions choose the HIPAA Seal of Compliance to differentiate their services.
“Since the nature of our business being exclusively remote, we take HIPAA compliance very seriously. With the help of Compliancy Group, we are able to take steps to fortify our systems to protect PHI information and familiarize each employee about HIPAA and how we can further safeguard PHI data.” said EDBS Dental Billing Solutions founder Goldie De Leon.
WHS Spring Festival
Join us at the WHS Spring Festival on April 22, 2023, from 10am- 3pm at Wakefield High School(main parking lot). Come out to shop, play, and eat!
Shop local vendors, arts & crafts, new and used items, food vendors/trucks, and
District 27 Toastmasters 2023 Virtual Conference
District 27 Toastmasters invites you to its annual conference where you can hear phenomenal speakers, attend professional development and personal growth seminars about leadership, negotiation, communication, teamwork, and mentorship. Learn how to develop your personal story and how to improve
