$10,000 Closing Credit*
$975,000
2,020 SqFt
3 Beds
•2 Full Baths, 2 Partial
Michael I Putnam, Listing Office: RE/MAX Executives
Is McLean, 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, 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
$1,290,564
$424/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,564(+1.3%)
Key Takeaway
Homes in McLean have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in McLean was $1,290,564 in November 2024, up 1.3% from last year, and the median price per square foot was $424.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $303K | $306K | +1.0% |
| 2 Bedrooms | $495K | $511.5K | +3.3% |
| 3 Bedrooms | $900K | $899.9K | 0% |
| 4 Bedrooms | $1.2M | $1.3M | +6.5% |
| 5+ Bedrooms | $1.9M | $2.2M | +13.4% |
Summary: McLean housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 3.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 13.4%.
Housing Supply in McLean, VA
How many homes are available in McLean, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 327 | 317 | -3.1% |
Summary: The McLean real estate market had 317 homes for sale in November 2024, a 3.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 20 | 0.0% |
| 2 Bedrooms | 47 | 45 | -4.3% |
| 3 Bedrooms | 44 | 44 | 0.0% |
| 4 Bedrooms | 41 | 33 | -19.5% |
| 5+ Bedrooms | 175 | 175 | 0.0% |
Summary: The McLean housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 19.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 82 | 66 | -19.5% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McLean, you may be able to get a good deal. 53% of homes here sold below asking price last month.
Summary: A total of 66 homes were sold or pending in McLean in November 2024, down by 19.5% month-over-month. Of the 66 sold homes, 53% were sold under asking, 29% were sold at asking, and 18% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 44 Days | +86.6% |
Summary: Homes in McLean had an average of 44 days on market in Nov 2024, up by 86.6% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
7 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 November 2024, 66 homes were sold in McLean; 61% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
