Alexandria, VA 22306 Real Estate Market Report

ZIP Code: 22306
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Alexandria, VA (22306) is characterized by a median sold price of $682,835, reflecting a stable yet slightly declining trend in home values, as indicated by a down year-over-year price trend. This suggests that while the market remains active, it may be experiencing some pricing friction as sellers adjust expectations to align with buyer sentiment. The median days on market stands at 290, indicating a slower sales velocity, which may be a response to elevated inventory levels relative to sales activity.

The market temperature is currently assessed as neutral, suggesting a balance between supply and demand, although the presence of elevated inventory may indicate excess supply relative to the moderate transaction volume observed. The median listing price of $774,500 further emphasizes the gap between seller expectations and actual market performance, which could lead to pricing adjustments in the near future. Overall, while the market shows signs of stability, the combination of declining sold prices and prolonged days on market may warrant caution for prospective buyers and sellers alike.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The median sold price of $682,835 indicates a slight down trend in home values year-over-year.

2. With a median days on market of 290, the market is experiencing slower sales velocity, suggesting weak liquidity conditions.

3. The median listing price of $774,500 reflects a significant gap compared to the sold price, indicating potential pricing friction in the market.

4. The rental market shows a median market rent of $2,299, which has also seen a down trend year-over-year, suggesting mixed signals in rental demand.

5. Overall market conditions are neutral, with elevated inventory levels contributing to a balanced yet cautious outlook.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.