Yes, if both of you individually meet the Residency requirements, then you would as a couple also.
"Since each spouse meets the eligibility criteria for the full exclusion on their particular home sold, per 26 US Code 121, on a joint return the allowable exclusion is the sum of the exclusions each spouse would have been entitled to if not married. The code also states that each spouse shall be treated as owning the property during the period that either spouse owned the property."
Click this link for more info on Home Sale Exclusion for Individuals Filing MFJ.
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