Real Estate BOOM in Arlington in March

Real Estate BOOM in Arlington in March

Real Estate BOOM in Arlington in March means an average of a 5% sale price increase over last year. That’s right. 5%. That’s an extra $50k on a $1M house, which seems to be about the average for a single family home. Units sold increased by 18% while active inventory dropped 7%. It’s no wonder nearly 46% of ALL properties sold were only on the market for 10 days or less. Here’s the breakdown:

Single Family Homes
N. Arlington Average Sale Price: $1,108,512 in 41 days**
Range: $515,000 – $2,186,500
S. Arlington Average Sale Price: $719,191 in 29 days
Range: $420,000 – $1,280,000

Townhomes
N. Arlington Average Sale Price: $1,004,002 in 18 days
Range: $588,000 – $2,825,000
S. Arlington Average Sale Price: $543,109 in 40 days
Range: $245,000 – $854,755

1 Bedroom, 1 Bathroom Condos
N. Arlington Average Sale Price: $359,950 in 28 days
Range: $174,800 – $852,500
S. Arlington Average Sale Price: $270,257 in 42 days
Range: $140,000 – $380,000

2 Bedroom, 2 Bathroom Condos
N. Arlington Average Sale Price: $628,045 in 54 days
Range: $240,000 – $1,080,000
S. Arlington Average Sale Price: $420,933 in 17 days
Range: $289,275 – $585,000

**If you look on Single Family Homes in N Arlington under $1.3M, the average days on the market in 16. That’s the sweet spot as a seller right now.

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