Is Falls Church, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Falls Church has remained a Seller's Market.
Housing Prices in Falls Church, VA
How much do homes in Falls Church, VA cost?
Median Sold Price
$725,000
$368/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Falls Church was $725,000 in April 2024, up 3.6% from last year, and the median price per square foot was $368.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $255K | +13.3% |
2 Bedrooms | $350K | $352.5K | +0.7% |
3 Bedrooms | $672.5K | $749.4K | +11.4% |
4 Bedrooms | $810K | $887K | +9.5% |
5+ Bedrooms | $1.4M | $1.5M | +0.7% |
Summary: Falls Church housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Cities
Dranesville | $1.1M | $1.2M | +9.8% |
Falls Church | $687.6K | $731.3K | +6.4% |
Mason | $637.2K | $675K | +5.9% |
Falls Church | $700K | $725K | +3.6% |
Providence | $625.7K | $629.6K | +0.6% |
Housing Supply in Falls Church, VA
How many homes are available in Falls Church, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
248 | 315 | +27.0% |
Summary: The Falls Church real estate market had 315 homes for sale in April 2024, a 27.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 29 | 27 | -6.9% |
2 Bedrooms | 49 | 60 | +22.4% |
3 Bedrooms | 53 | 73 | +37.7% |
4 Bedrooms | 47 | 66 | +40.4% |
5+ Bedrooms | 70 | 89 | +27.1% |
Summary: The Falls Church housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.9%, 2 bedroom homes increased by 22.4%, 3 bedroom homes increased by 37.7%, 4 bedroom homes increased by 40.4%, and 5+ bedroom homes increased by 27.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
70 | 89 | +27.1% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
50 Homes Were Sold
Over Asking
Summary: A total of 89 homes were sold or pending in Falls Church in April 2024, up by 27.1% month-over-month. Of the 89 sold homes, 28% were sold under asking, 16% were sold at asking, and 56% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 20 Days | +27.5% |
Summary: Homes in Falls Church had an average of 20 days on market in Apr 2024, up by 27.5% compared to last year.
Breakdown of Home Sale Times
79 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 89 homes were sold in Falls Church; 89% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.