Arlington’s average home sales price hit an all-time high in April, surpassing the million-dollar mark for the second month in a row.
The average sales price of $1,061,497 for all 224 transactions exceeded March’s total of $1,004,052, according to figures reported May 11 by MarketStats by ShowingTime.
March had been the first month when the average sales price had exceeded $1 million, according to an ARLnow analysis of the data. The closest the market appears to have come before then was $991,066 in April 2025.
The average price of the 96 single-family homes sold during the month was $1,556,449, up 3.1% from a year before. In the townhouse/rowhouse market, the average sales price was $624,775, up 6.4%.
The average $528,629 sales price in April for condominiums essentially was unchanged from a year before, declining 1%.
The 224 total sales represented an increase of 2.3% from 219 a year before, and the total sales volume of $234.7 million was up 10.2%.
For the month, the average sales price per square foot in Arlington real estate was $514, highest in the Mid-Atlantic although down from $521 a year before.
Arlington, and the rest of the region, benefited from a solid month in local real estate.
“While the spring housing market got off to a slow start, both buyers and sellers were much more eager in April,” said Lisa Sturtevant, chief economist for Bright MLS, the region’s multiple-listing service.
“There is significant pent-up demand in the marketplace, but higher-income buyers are the ones primarily driving activity while budget-conscious buyers remain more sensitive to rate volatility and economic uncertainty,” Sturtevant said.
Across the D.C. metro area in April, home sales totaled 4,851, up 2.9%. Increases were recorded in every jurisdiction except Falls Church and Prince George’s County.
Prospective purchasers had more to choose from, with new listings up 7.1% year-over-year. The median time between listing and ratified sales contract regionally was a “very fast” pace of 8 days, Sturtevant said.
Median sales price up from 2025 across metro area
The median sales price of single-family homes across the Washington metro area was $637,100 during the first quarter of 2026, according to new data from the National Association of Realtors.
That’s up 1% from the first quarter of 2025, twice the 0.5% increase — to a median $404,300 — recorded nationally.
“Gains were particularly solid across metro areas in the Northeast, where inventory shortages persist, and in the Midwest, where home prices remain relatively affordable,” said Lawrence Yun, chief economist for the National Association of Realtors.
Median single-family sales prices for the first quarter stood at $506,500 in the Northeast, up 4.9%; $308,100 in the Midwest, up 3.6%; and $362,300 in the South, up 0.2%. In the West, the median sales price of $607,600 was down 2.9%.
Five metro areas recorded median sales prices of more than $1 million, with four of the five posting increases:
- San Jose-Sunnyvale-Santa Clara, Calif. ($2,030,000, +0.5%)
- Anaheim-Santa Ana-Irvine, Calif. ($1,442,900, -0.5%)
- San Francisco-Oakland-Hayward, Calif. ($1,350,000, +2.3%)
- Urban Honolulu, Hawaii ($1,175,100, +0.9%)
- San Diego-Carlsbad, Calif. ($1,050,000, +1.3%)
Year-over-year median prices rose in 71% (167 out of 235) of metro markets included in the trade group’s quarterly report. That’s essentially unchanged from the 73% recorded in the fourth quarter of 2025.
Va. homes market posts solid quarter
First-quarter home sales statewide were up 6.4% year-over-year as prices rose slightly, according to data from the Virginia Realtors trade group.
A total of 20,850 properties changes hands from Jan. 1 to March 31, according to new data. That compares to 19,596 sales during the same three-month period in 2025.
The median sales price increased slightly, rising 1.2% from $405,000 to $410,000. Total sales volume for the quarter increased from $10.1 billion in 2025 to $10.9 billion in 2026.
In March, sales rose 8.8% to 8,388, while median sales prices increased to $425,000 from $418,000 a year before.
According to the trade organization’s analysis of the data:
“Sales and pending sales rose in March as more buyers entered the market, and more listings are on the market, reflecting an increase in seller activity. Sold dollar volume rose sharply this month, and the average sold-to-list ratio also increased. Home prices rose modestly overall, but there was a lot of variation at both the local and regional levels.”
Slightly more than half — 52% — of the commonwealth’s cities and counties saw year-over-year sales increases in March.
Figures represent most, but not all, homes on the market. All 2026 figures are preliminary and are subject to revision.
