The Land of the Large, Detached House: The Great Falls Housing Market, By the Numbers
✉️ Want to forward this article? Click here.
UrbanTurf continues its annual look at the neighborhood housing markets around the DC region as we head over to Great Falls in Virginia.
story continues below
loading...story continues above
Great Falls is one of the most expensive housing markets in the DC region and it is almost exclusively a place for one property type: large single-family homes with at least four bedrooms. Nine out of ten homes sold in Great Falls in 2021 fell into this category. Despite the fact that the median home price for the neighborhood is approaching $1.5 million, the 200 homes that sold so far this year have done so in a median of six days.
Below UrbanTurf plucked out several other interesting stats about the Great Falls market.
- $1.44 million -- The median home price in Great Falls this year, up 25% compared to 2020.
- 209-- The number of homes sold this year.
- 194 -- The number of detached homes with 4+ bedrooms that sold in Great Falls this year.
- 101.5% -- The average sales price to original list price ratio in Great Falls.
- 1.9 -- The months of supply of homes for sale in July.
Similar Posts:
- Surging: The Takoma Housing Market, By the Numbers
- Bethesda: A Sit-It-Out Market
- Crestwood: The Demand is "Like a Tsunami"
- The Sky High Demand on Capitol Hill
- Georgetown: The Competition is Back
- Chevy Chase: The Seller's Market
- Mount Pleasant: No Longer Undervalued
- Del Ray: 5 Days or Less
- Logan Circle: Standard Competition
- LeDroit Park, The DC Neighborhood Where Home Prices Are Up 50%
See other articles related to: great falls, great falls housing market
This article originally published at https://dc.urbanturf.com/articles/blog/the-land-of-the-large-detached-house-the-great-falls-housing-market-by-the-/18688.
Most Popular... This Week • Last 30 Days • Ever
The Tastee Diner closed its doors in 2023. Since then, a huge redevelopment plan at i... read »
As we head towards the end of the year, UrbanTurf is wrapping up its coverage of larg... read »
Designed by visionary Travis Price Architects, 3623 R Street NW is a light-filled mas... read »
How new streets get their names; why homebuilders like Trump's return to The White Ho... read »
Whole Foods minimarkets; the rise of the cash buyer; and the battle against porch pir... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro