$9,488 Closing Credit*
$799,000
1,403 SqFt
2 Beds
•2 Full Baths, 1 Partial
Kerstin K Stitt, Listing Office: TTR Sothebys International Realty
Is Falls Church, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$750,266
$383/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,366(+4.9%)
Key Takeaway
Homes in Falls Church have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Falls Church was $750,266 in October 2024, up 4.9% from last year, and the median price per square foot was $383.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $241.5K | $265K | +9.7% |
| 2 Bedrooms | $360K | $395K | +9.7% |
| 3 Bedrooms | $718.2K | $759K | +5.7% |
| 4 Bedrooms | $852.5K | $968.5K | +13.6% |
| 5+ Bedrooms | $1.4M | $1.5M | +9.2% |
Summary: Falls Church housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Cities
| Mason | $653.3K | $711K | +8.8% |
| Falls Church | $702.2K | $751.7K | +7.0% |
| Dranesville | $1.2M | $1.2M | +5.5% |
| Providence | $631.7K | $664.9K | +5.3% |
| Falls Church | $714.9K | $750.2K | +4.9% |
Housing Supply in Falls Church, VA
How many homes are available in Falls Church, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 301 | 336 | +11.6% |
Summary: The Falls Church real estate market had 336 homes for sale in October 2024, a 11.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 45 | 52 | +15.6% |
| 2 Bedrooms | 57 | 74 | +29.8% |
| 3 Bedrooms | 76 | 73 | -3.9% |
| 4 Bedrooms | 53 | 60 | +13.2% |
| 5+ Bedrooms | 70 | 77 | +10.0% |
Summary: The Falls Church housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.6%, 2 bedroom homes increased by 29.8%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 87 | 89 | +2.3% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Falls Church, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.
Summary: A total of 89 homes were sold or pending in Falls Church in October 2024, up by 2.3% month-over-month. Of the 89 sold homes, 35% were sold under asking, 21% were sold at asking, and 44% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 18 Days | -8.9% |
Summary: Homes in Falls Church had an average of 18 days on market in Oct 2024, down by 8.9% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Falls Church are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 89 homes were sold in Falls Church; 80% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
