Northern Virginia’s $2M+ luxury home marketClosed sales by community, January 1 to October 2, 2026, compared with the same dates in 2025

On this site, luxury starts at $2 million. From January 1 to October 2, 2026, 824 single-family homes and townhouses sold for $2,000,000 and up.★ Six communities held 635 of them: McLean, Arlington, Vienna, the City of Alexandria, Great Falls and Falls Church.★ Homes from $1 million to $2 million have their own report, the $1M to $2M premium report.

This page measures closed sales only, not listings. I count detached houses and row townhouses, and I leave out condo-owned homes. I compare the same dates in 2026 and 2025. For each community I report how many homes sold, the median price, the median days on market, how often homes sold over or under the final list price, how often the price was cut first, and the median price per square foot. I also split the band into three price tiers, because a $2 million sale and a $6 million sale move differently.

Houses made up 793 of the 824 sales in the band from January 1 to October 2, 2026. Townhouses made up 31.★ Townhouses were smaller, at a median of 2,915 square feet against 4,721 for houses, but cost more per square foot, $880 against $577.★ Townhouse sales went from 24 to 31 between the two periods, and the townhouse median went from $2,500,000 to $2,400,000.★ With so few townhouse sales, one or two homes can move these figures.

Most of the band sits just above $2 million. From January 1 to October 2, 2026, 613 of the 824 sales closed at $2M to $2.99M, at a median of $2,350,000.★ 33 sales closed at $5 million and up, at a median of $6,150,000.★ In the top tier, a few sales can move the median a long way, so I do not read the change from 2025 as a change in value.

1. Source and dates. Bright MLS closed sales that I pulled myself (the 2026 file on October 6, 2026). Closed January 1 to October 2, 2026, compared with the same dates in 2025, January 1 to October 2, 2025. On October 18, 2026, I rechecked the counts, medians, days and shares with a separate script, and they matched.
2. Which homes count. Detached houses with at least 3 bedrooms and 2 full bathrooms, plus interior-row and end-of-row townhouses. The bedroom and bathroom rule applies to detached houses only. Condominiums and condo-owned homes are left out: any home with a condo or co-op association, or with condominium or co-op ownership. This report does not cover every property sold at $2 million and up.
3. Price band and tiers. Set by the closed sale price, from $2,000,000 up, with no top limit. A sale at $1,999,999 is left out and belongs to the premium report. A home counts by its closed price, whatever its asking price was, so the report does not describe every home first marketed at $2 million or more. The tiers also use the closed price: $2,000,000 to $2,999,999, $3,000,000 to $4,999,999, and $5,000,000 and up.
4. Each sale counts once. Duplicate MLS numbers are removed.
5. Above, at or below asking. The closed price compared with the final asking price on the listing that closed, not the original asking price. Every qualifying sale falls in exactly one of the three groups: 25.8%, 24.0% and 50.1% in 2026, and 22.6%, 21.4% and 56.0% in 2025 (the shown shares can total 99.9% or 100.1% because of rounding).
6. Price reduction. The share of qualifying sales whose final asking price was lower than the original asking price on the same listing. A sale counts once, however many reductions it had. If a home was taken off the market and relisted at a lower price, the new listing starts a new original price, so that reduction is not counted.
7. Days on market. The MLS days-on-market figure for the listing that closed. Days from an earlier listing of the same home are not added, so a relisted home can show fewer days than it was offered in total.
8. Price per square foot. For each sale, the closed price divided by its above-grade finished square feet; the figure shown is the median of those. Finished basements are not in the area, so homes with large finished basements show a higher figure. It is a broad comparison, not a substitute for comparing similar homes.
9. Communities. Labels follow the grouping used across this guide: one county plus the postal city, with the independent cities on their own. Postal-city names do not always match town limits or the neighborhood names people use. Homes in Loudoun County with a Chantilly mailing address count as South Riding, and Chantilly in the table is the Fairfax County side.
10. Sales outside the 31 rows. The 31 rows hold 820 of the 824 qualifying sales in 2026. The other 4 were in smaller places with no page in this guide. They are included in every regional and tier figure but are not assigned to a row.
11. Sample sizes. A community gets a median only with 10 or more sales. With 10 to 29 it is marked as a small sample and left out of the comparisons above. Under 10 is too few to call. The same line applies to the tiers, so the 2025 $5M-and-up tier, with 24 sales, is a small sample. The 30-sale line is a reporting rule to reduce unstable comparisons, not a test of statistical significance, and none of the differences here were tested for significance.
12. What this report does not show. It covers January 1 to October 2 of each year, not a full year. It describes homes that closed, not homes for sale now. Community figures describe groups of sales, not the likely result for any one home. In this band most communities have few sales, so one sale can move a percentage by several points. A change in a median can come from a different mix of homes selling, so it is not the change in any one home’s value.