$9,844 Closing Credit*
$829,000
1,897 SqFt
3 Beds
•2 Full Baths
Shujaa khaznadar, Listing Office: Spring Hill Real Estate, LLC.
Is Falls Church, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Falls Church has remained a Seller's Market.
Key Takeaway
Falls Church is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Falls Church, VA
How much do homes in Falls Church, VA cost?
Median Sold Price
$750,792
$382/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,308(+5.8%)
Key Takeaway
Homes in Falls Church have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Falls Church was $750,792 in November 2024, up 5.8% from last year, and the median price per square foot was $382.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242.2K | $269K | +11.0% |
| 2 Bedrooms | $357K | $400K | +12.0% |
| 3 Bedrooms | $718K | $757.5K | +5.5% |
| 4 Bedrooms | $858.2K | $972.2K | +13.3% |
| 5+ Bedrooms | $1.4M | $1.5M | +10.9% |
Summary: Falls Church housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 10.9%.
Median Sold Price Compared To Nearby Cities
| Dranesville | $1.2M | $1.3M | +8.1% |
| Falls Church | $700.2K | $752.9K | +7.5% |
| Mason | $657.2K | $706.2K | +7.5% |
| Falls Church | $709.4K | $750.7K | +5.8% |
| Providence | $633K | $662.4K | +4.6% |
Housing Supply in Falls Church, VA
How many homes are available in Falls Church, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 296 | 274 | -7.4% |
Summary: The Falls Church real estate market had 274 homes for sale in November 2024, a 7.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 47 | 34 | -27.7% |
| 2 Bedrooms | 65 | 71 | +9.2% |
| 3 Bedrooms | 63 | 52 | -17.5% |
| 4 Bedrooms | 51 | 45 | -11.8% |
| 5+ Bedrooms | 70 | 72 | +2.9% |
Summary: The Falls Church housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 27.7%, 2 bedroom homes increased by 9.2%, 3 bedroom homes decreased by 17.5%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 2.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 97 | 82 | -15.5% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Falls Church, you may be able to get a good deal. 43.9% of homes here sold below asking price last month.
Summary: A total of 82 homes were sold or pending in Falls Church in November 2024, down by 15.5% month-over-month. Of the 82 sold homes, 44% were sold under asking, 17% were sold at asking, and 39% were sold over asking.
Days on Market for Falls Church, VA
How long does it take to sell a home in Falls Church, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 24 Days | +53.0% |
Summary: Homes in Falls Church had an average of 24 days on market in Nov 2024, up by 53% compared to last year.
Breakdown of Home Sale Times
61 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Falls Church are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 82 homes were sold in Falls Church; 74% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
