$8,728 Closing Credit*
$734,990
1,245 SqFt
4 Beds
•2 Full Baths
Carmen A Henriquez, Listing Office: Premiere Realty
Is West 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, West Falls Church has remained a Seller's Market.
Key Takeaway
West Falls Church is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Falls Church, VA
How much do homes in West Falls Church, VA cost?
Median Sold Price
$750,000
$420/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$60,000(+8.7%)
Key Takeaway
Homes in West Falls Church have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in West Falls Church was $750,000 in October 2024, up 8.7% from last year, and the median price per square foot was $420.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $254.2K | $309.9K | +21.9% |
| 2 Bedrooms | $432K | $452.2K | +4.7% |
| 3 Bedrooms | $675K | $745K | +10.4% |
| 4 Bedrooms | $750K | $815K | +8.7% |
| 5+ Bedrooms | $895K | $1.1M | +22.9% |
Summary: West Falls Church housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.9%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 22.9%.
Median Sold Price Compared To Nearby Neighborhoods
| West Falls Church | $690K | $750K | +8.7% |
| Jefferson | $657.8K | $688.6K | +4.7% |
Housing Supply in West Falls Church, VA
How many homes are available in West Falls Church, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 | 75 | +13.6% |
Summary: The West Falls Church real estate market had 75 homes for sale in October 2024, a 13.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 5 | 10 | +100.0% |
| 3 Bedrooms | 31 | 31 | 0.0% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The West Falls Church housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 22 | -8.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Falls Church, you could pay more than the asking price. 59.1% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in West Falls Church in October 2024, down by 8.3% month-over-month. Of the 22 sold homes, 32% were sold under asking, 9% were sold at asking, and 59% were sold over asking.
Days on Market for West Falls Church, VA
How long does it take to sell a home in West Falls Church, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 9 Days | -34.8% |
Summary: Homes in West Falls Church had an average of 9 days on market in Oct 2024, down by 34.8% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Falls Church are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in West Falls Church; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
