From $167,000 to $2.9 million: Homes sold in Alexandria last week

ALEXANDRIA, Va. - Twenty-one homes closed in Alexandria last week, ranging from a $167,000 one-bedroom at Saxony Square to a $2,945,000 Colonial on North Quaker Lane, according to data from Redfin. The average sale price was $925,276 across an average of 1,777 square feet, or a blended $521 per square foot. The median sale price was $750,000.

It was the busiest week since late July and the highest average of the six weeks the Brief has tracked, but the average conceals an unusually divided market. Six homes sold for more than $1 million and 10 sold for less than $500,000. Only five closed in between.

Two sales at the top finished within $10,000 of each other. A renovated and expanded 1974 Colonial at 509 N. Quaker Ln. sold for $2,945,000, the week's highest price, offering 6,502 finished square feet on a 0.46-acre lot in Malvern Hill. A day's difference in either direction and it might have been outsold by 119 N. West St., a four-bedroom in Brooks Estate that went for $2,935,000. At 3,100 square feet, the West Street house cost $947 per square foot, the steepest rate the Brief has recorded in six weeks of tracking.

Old Town and the blocks just north of it took four of the six seven-figure sales. Beyond the West Street house, a three-bedroom at 802 Duke St. sold for $1,875,000 and a townhouse at 617 N. Columbus St. went for $1,263,000. The two remaining million-dollar sales came from the newer communities along the Potomac Yard corridor: 611 E. Howell Ave. at $1,625,000 and 714 Day Ln. in Potomac Greens at $1,528,000.

Listing histories for 17 of the week's 21 sales show sellers giving up more ground than they did a week earlier. Those homes were first posted at a combined $18,796,569 and sold for $18,293,800, or 97.3 percent of original list, down from 98.5 percent across all 16 sales the previous week. Three sold above their asking price, two sold at it and 12 sold below. They averaged 83 days from first posting to closing.

Time on the market tracked closely with outcome. All five homes that closed within 40 days sold for at least 98.5 percent of their opening price, and three beat it. All eight that took more than 90 days sold below, in several cases well below.

The steepest markdown was at the low end of the market. A one-bedroom at 5250 Valley Forge Dr. was listed April 30 at $245,000, cut to $225,000 in May and $199,000 in July, and sold Aug. 21 for $195,000 - 79.6 percent of the original ask and the largest gap the Brief has recorded. It sat 113 days.

The longest listing of the week was 4963 Lachlan Mews, a three-bedroom townhouse first posted March 2 at $835,869. It was reduced twice over the spring and sold for $774,900 on Aug. 21, 172 days later and at 92.7 percent of the original ask. That is the longest run the Brief has recorded, exceeding the 120-day listing that led last week's roundup.

Two of the six seven-figure sales accounted for most of the week's gap between list and sale prices. A townhouse at 617 N. Columbus St. was posted at $1,445,000 in May, cut twice over the summer and sold for $1,263,000, or 87.4 percent of the original ask, after 103 days. A house at 1665 Francis Hammond Pkwy. followed a similar path, coming off the market briefly in early May before three reductions from $1,050,000 down to a $965,000 sale.

The two most expensive homes both sold within a fraction of their asking prices but took very different routes. The North Quaker Lane Colonial was posted July 16 at $2,950,000, trimmed by $5,000 four days later and closed at $2,945,000 after 39 days. The West Street house went under contract the same day it was listed in April, then took four months to reach settlement at $2,935,000.

For the second week running, a seller tried to rent the property while it was still for sale. The owners of 503 N. Armistead St. listed the one-bedroom for rent at $1,750 a month in early July, withdrew the rental listing July 24 and closed the sale Aug. 20 at $167,000, down from a $179,900 opening price.

One seller found a middle path. A two-bedroom at 1929 N. Quaker Ln. in Parkfairfax was posted at $425,000 in May, cut to $400,000 in mid-July and then drew a buyer at $415,000 - below the original ask but $15,000 above the reduced price. It closed 108 days after first posting.

Three sales finished above asking, all of them quick. A condominium at 811 N. Columbus St. sold for $786,900 against a $779,900 ask 25 days after listing. A unit at The Prescott, 1115 Cameron St., cleared its $749,900 price by $100. The largest premium went to 1410 Mount Vernon Ave. in Del Ray, listed at $950,000 on July 24 and sold for $975,000 within a month.

At the other end, Parkfairfax accounted for three closings on its own, including the week's second-cheapest at $200,000. That one-bedroom on Martha Custis Drive sold as-is and was marketed as a full renovation project; the listing put its value at $300,000 to $320,000 with moderate updates and $349,000 with a high-end renovation. A renovated one-bedroom on the same street closed for $330,000 the same week.

The West End supplied most of the rest of the low end, with sales at Saxony Square, Wapleton, Eos Twenty-One and Greenhouse all closing under $320,000.

The week's figures sit against a citywide market that has been getting more expensive and slower at the same time. Redfin put Alexandria's median sale price at $757,862 in June, up 9.4 percent from a year earlier, on 217 sales, down 8 percent year over year. The median time on market was 34 days, five days longer than the June before.

What Sold

Data sourced from Redfin. Neighborhood designations reflect Redfin's records. Sales reflect closings reported Aug. 20-26, 2026. The Alexandria Brief publishes this roundup every Wednesday. Data may not reflect all transactions recorded during this period.