Huge Houses, Peaking Prices: The Great Falls Housing Market, By the Numbers
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UrbanTurf continues its annual look at the neighborhood housing markets around the DC region as we head over to Great Falls in Virginia.
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Great Falls has the honor of being the zip code with the highest median home price in northern Virginia this year, which is largely because it is almost exclusively a place for one property type: large single-family homes with at least four bedrooms. Ninety-seven percent of homes sold in Great Falls this year fell into this category.
While sales have fallen off by about 20%, competition in the neighborhood remains fairly constant; the average sales price to list price ratio sits just below 100%.
Below UrbanTurf plucked out a few other interesting stats about the Great Falls market below.
- $1.559 million -- The median home price in Great Falls this year, up 3% compared to 2022.
- 161 -- The number of homes sold this year.
- 156 -- The number of detached homes with 4+ bedrooms that sold in Great Falls this year.
- 99.8% -- The average sales price to original list price ratio in Great Falls.
- 99 -- The number of homes that sold in 10 days or less.
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Photo courtesy of TTR Sotheby's International Realty.
See other articles related to: great falls, great falls housing market
This article originally published at https://dc.urbanturf.com/articles/blog/huge_houses_peaking_prices_the_great_falls_housing_market_by_the_numbers/21667.
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