Summary answer: On the best long-run data I could verify, a typical Alexandria home is worth about 7% more in 2025 than in 2023. The Federal Housing Finance Agency's all-transactions index for the City of Alexandria rose from 326.28 in 2023 to 348.70 in 2025, a gain of 6.9%. Your own home may be up more or less, depending on condition, location, and property type, so a current comparative market analysis is the only way to get your number.
I'm Johnny with JQ Real Estate. Here is how to read the trend and apply it to your house.
The index, year by year
| Year | FHFA Index for the City of Alexandria (2000 = 100) | Change From Prior Year |
|---|---|---|
| 2019 | 272.77 | - |
| 2020 | 282.94 | +3.7% |
| 2021 | 296.56 | +4.8% |
| 2022 | 317.59 | +7.1% |
| 2023 | 326.28 | +2.7% |
| 2024 | 345.26 | +5.8% |
| 2025 | 348.70 | +1.0% |
From 2020 to 2025, the index rose 23.2%, about 4.3% a year. From 2023 to 2025, it rose 6.9%. The pace slowed to +1.0% in 2025, which tells me values are still above 2023 but are no longer climbing quickly.
What the 2026 market shows
The index is annual, so it does not capture 2026. Redfin reported an August 2026 median sale price of $736,450, up 11.2% from a year earlier, and a price of $458 per square foot, up 5.0%. Those figures are medians for homes that sold that month and can shift when the mix of homes changes, so I treat them as support for the trend rather than a precise measure of your home. Bright MLS data for Old Town ZIP 22314 showed a January through August 2026 median of $875,000, below $892,500 a year earlier, which is a reminder that submarkets do not move together.
Why your home may differ from the index
- Property type. ALXnow reported June 2026 average prices down 2.7% for detached homes, down 0.5% for attached homes, and down 6.2% for condos, all against June 2025. A condo owner should not assume the citywide trend applies.
- Condition. Updates since 2023 can add value, while deferred maintenance subtracts it.
- Location. Bright MLS ZIP medians for the 12 months to late July 2026 ranged from $403,202 in 22302 to $1,050,000 in 22301.
- Taxes. The city's total assessed value rose 2.58% for fiscal year 2027, excluding new construction, and the rate stayed at $1.135 per $100.
Your assessment is not your market value
The city assesses property at fair market value as of January 1, using sales before that date. The 2026 review deadline was March 16, and appeals to the Board of Equalization were due June 1. Your assessed value can lag the market, so do not use it as a price. The city posts sales data at alexandriava.gov/RealEstate, which is useful for checking comps.
Turning value into equity
What matters when you sell is the amount you keep, not the headline value. Take the estimated value, subtract your mortgage payoff, and subtract selling costs. As a labeled assumption, I often use 7% of the price for commissions, closing costs, and prep, though your actual costs vary. On a $748,000 sale, 7% is about $52,000. If you owe $400,000, you would keep roughly $296,000 before taxes. Run the same math on a conservative value and an optimistic value so you see the range before you decide.
If you bought before 2023, you are likely further ahead than the 6.9% gain suggests, because the index rose 23.2% from 2020 to 2025. If you bought in 2024 or 2025, the gain since your purchase is much smaller, and selling costs may consume it.
An example
Suppose your home was worth $700,000 in 2023. Applying the 6.9% gain in the FHFA index gives roughly $748,000 for 2025. If your home is a condo, the 2026 average price data from ALXnow suggests that could be too high. If your home is a renovated detached house near a Metro station, it could be too low. The index sets expectations, and the comps decide the price.
Next step
Reach out and I will pull recent sales on your street, adjust for what you changed since 2023, and give you a number you can use to decide whether to sell.
For more Alexandria buyer and seller questions, visit our Alexandria real estate hub.