What's Hot: Barnes and Noble Will Return to Georgetown in June | The 3,000 Units On The Boards From Trinidad to Gallaudet
The Land of the Large, Detached House: The Great Falls Housing Market, By the Numbers
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
Rossdhu Gate is the remaining piece of a 30-room castle built by socialite Daisy Calh... read »
As profits drop around the country, sellers around DC are still realizing hefty retur... read »
A Home Equity Line of Credit, commonly referred to as HELOC, is a borrowing product t... read »
The Gen Z market; ranking food halls around DC; and is this the new king of Queens?... read »
The term "luxury" has been applied broadly in the housing market, but a new report ai... 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