$10,000 Closing Credit*
$1,200,000
1,670 SqFt
2 Beds
•2 Full Baths, 1 Partial
Jo Ann J Marcario, Listing Office: Pearson Smith Realty, LLC
Is McLean, 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, McLean has remained a Seller's Market.
Key Takeaway
McLean is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in McLean, VA
How much do homes in McLean, VA cost?
Median Sold Price
$1,280,224
$423/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,224(+0.4%)
Key Takeaway
The sold price of homes in McLean has remained the same since last year.
Summary: The median home sold price in McLean was $1,280,224 in October 2024, up 0.4% from last year, and the median price per square foot was $423.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $298K | $305K | +2.3% |
| 2 Bedrooms | $500K | $485K | -3.0% |
| 3 Bedrooms | $895K | $910K | +1.7% |
| 4 Bedrooms | $1.2M | $1.3M | +3.1% |
| 5+ Bedrooms | $1.9M | $2.2M | +15.4% |
Summary: McLean housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 15.4%.
Housing Supply in McLean, VA
How many homes are available in McLean, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 359 | 374 | +4.2% |
Summary: The McLean real estate market had 374 homes for sale in October 2024, a 4.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 26 | 23 | -11.5% |
| 2 Bedrooms | 44 | 50 | +13.6% |
| 3 Bedrooms | 49 | 44 | -10.2% |
| 4 Bedrooms | 42 | 44 | +4.8% |
| 5+ Bedrooms | 198 | 213 | +7.6% |
Summary: The McLean housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.5%, 2 bedroom homes increased by 13.6%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 7.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 74 | 76 | +2.7% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McLean, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 76 homes were sold or pending in McLean in October 2024, up by 2.7% month-over-month. Of the 76 sold homes, 53% were sold under asking, 24% were sold at asking, and 24% were sold over asking.
Days on Market for McLean, VA
How long does it take to sell a home in McLean, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 33 Days | -14.4% |
Summary: Homes in McLean had an average of 33 days on market in Oct 2024, down by 14.4% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in McLean are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 76 homes were sold in McLean; 64% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
