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Huge Houses, Peaking Prices: The Great Falls Housing Market, By the Numbers

  • November 8th 2023

by UrbanTurf Staff

great-falls.jpg
A home on the market in Great Falls.

UrbanTurf continues its annual look at the neighborhood housing markets around the DC region as we head over to Great Falls in Virginia.

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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