Falls Church October 2024 Home Sales:

• 103 homes went under contract in Falls Church. This is up 6% from the same time period in 2023.

• 50% of the homes that went to settlement October 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $801,901 (up 11% from the same time period in 2023 when it was $720,511).

• 93 homes came on the market. That’s up 7% from October 2023.

• Homes that sold (closed) averaged 17 days on market, 2 days faster than October 2023.

• There is currently a 1.6 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Falls Church – and 153 Falls Church homes for sale (townhouse, condo and single-family).

OVERALL: Falls Church continued to be a Seller’s Market.   We saw a decrease in the number of homes coming on the market and going under contract in October.  Overall inventory was also down slightly from last month, but was up 30% year-over-year.  Average sold price decreased a bit but was up from this time last year. 

When we segment this area by price points, it’s still a Seller’s Market across the board.  The market above $800,000 has a 1.5 month supply of homes, and the price point below $800,000 has a 1.1 month supply. 

Falls Church September/Q3 2024 Home Sales:

• 107 homes went under contract in Falls Church. This is up 30% from the same time period in 2023.

• 59% of the homes that went to settlement September 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $835,501 (up 37% from the same time period in 2023 when it was $608,180).

• 106 homes came on the market. That’s up 9% from September 2023.

• Homes that sold (closed) averaged 17 days on market, 3 days slower than September 2023.

• There is currently a 1.8 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Falls Church – and 169 Falls Church homes for sale (townhouse, condo and single-family).

Additional 3rd Quarter-End Stats – 2024 vs 2023:

Average sold price increased by 16% ($840,553 vs $726,040)

Total units sold increased by 8%

Average sales price to original list price ratio decreased slightly – 99.7% vs 100.0%

OVERALL: Falls Church continued to be a Seller’s Market.   We saw an increase in the number of homes coming on the market and going under contract in September.  Overall inventory was also up slightly from last month, and was up 22% year-over-year.  Average sold price decreased a bit but was up from this time last year. 

When we segment this area by price points, it’s still a Seller’s Market across the board.  The market above $800,000 has a 1.5 month supply of homes, and the price point below $800,000 has a 1.4 month supply. 

Falls Church August 2024 Home Sales:

• 87 homes went under contract in Falls Church. This is down 24% from the same time period in 2023.

• 50% of the homes that went to settlement August 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $840,698 (up 7% from the same time period in 2023 when it was $785,901).

• 98 homes came on the market. That’s down 27% from August 2023.

• Homes that sold (closed) averaged 22 days on market, 7 days slower than in August 2023.

• There is currently a 1.6 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Falls Church – and 155 Falls Church homes for sale (townhouse, condo and single-family).

OVERALL: Falls Church continued to be a Seller’s Market.   We saw a slight decrease in the number of homes coming on the market and going under contract in August.  Overall inventory was up just slightly from last month, and was up 17% year-over-year.  Average sold price decreased slightly but was up from this time last year. 

When we segment this area by price points, it’s still a Seller’s Market across the board.  The market above $800,000 has a 1.3 month supply of homes, and the price point below $800,000 has a 1.2 month supply. 

Falls Church July 2024 Home Sales:

• 96 homes went under contract in Falls Church. This is down 6% from the same time period in 2023.

• 60% of the homes that went to settlement July 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $845,014 (up 9% from the same time period in 2023 when it was $776,305).

• 101 homes came on the market. That’s down 15% from July 2023.

• Homes that sold (closed) averaged 16 days on market, equal to July 2023.

• There is currently a 1.5 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Falls Church – and 146 Falls Church homes for sale (townhouse, condo and single-family).

OVERALL: Falls Church continued to be a Seller’s Market.   We saw a decrease in the number of homes coming on the market and going under contract in July.  Overall inventory was up just slightly from last month, and was up 19% year-over-year.  Average sold price increased slightly and was up from this time last year. 

When we segment this area by price points, it’s still a Seller’s Market across the board.  The market above $800,000 has a 1.2 month supply of homes, and the price point below $800,000 has a 1.1 month supply. 

Falls Church June/Q2 2024 Home Sales:

• 116 homes went under contract in Falls Church. This is up 17% from the same time period in 2023.

• 65% of the homes that went to settlement June 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $825,681 (up 7% from the same time period in 2023 when it was $774,222).

• 115 homes came on the market. That’s down 10% from June 2023.

• Homes that sold (closed) averaged 15 days on market, 5 days slower than June 2023.

• There is currently a 1.5 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Falls Church – and 137 Falls Church homes for sale (townhouse, condo and single-family).

Additional 2nd Quarter-End Stats – 2024 vs 2023:

Average sold price increased by 7% ($825,681 vs $774,222)

Total units sold decreased by 2%

Average sales price to original list price ratio decreased slightly – 102.4% vs 102.5%

OVERALL: Falls Church continued to be a Seller’s Market.   We saw a decrease in the number of homes coming on the market and going under contract in June.  Overall inventory was up just slightly from last month, and was up 8% year-over-year.  Average sold price decreased but was up from this time last year. 

When we segment this area by price points, it’s still a Seller’s Market across the board.  The market above $800,000 has a 1.7 month supply of homes, and the price point below $800,000 has a 0.8 month supply. 

Falls Church May 2024 Home Sales:

• 128 homes went under contract in Falls Church. This is up 3% from the same time period in 2023.

• 68% of the homes that went to settlement May 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $895,657 (down 0.2% from the same time period in 2023 when it was $897,775).

• 160 homes came on the market. That’s up 17% from May 2023.

• Homes that sold (closed) averaged 13 days on market, 7 days faster than May 2023.

• There is currently a 1.4 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Falls Church – and 134 Falls Church homes for sale (townhouse, condo and single-family).

OVERALL: Falls Church continued to be a Seller’s Market.   We saw an increase in the number of homes coming on the market in May.  Overall inventory was also up from last month, and was up 21% year-over-year.  Average sold price increased and was basically unchanged from this time last year. 

When we segment this area by price points, it’s still a Seller’s Market across the board.  The market above $800,000 has a 1.7 month supply of homes, and the price point below $800,000 has a 0.9 month supply. 

Falls Church April 2024 Home Sales:

• 130 homes went under contract in Falls Church. This is up 15% from the same time period in 2023.

• 71% of the homes that went to settlement April 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $834,346 (up 7% from the same time period in 2023 when it was $782,627).

• 119 homes came on the market. That’s up 10% from April 2023.

• Homes that sold (closed) averaged 16 days on market, equal to April 2023.

• There is currently a 1.1 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Falls Church – and 102 Falls Church homes for sale (townhouse, condo and single-family).

OVERALL: Falls Church continued to be a Seller’s Market.   We saw an increase in the number of homes coming on the market and going under contract in April.  Overall inventory was also up from last month, and was up 10% year-over-year.  Average sold price increased and was up from this time last year. 

When we segment this area by price points, it’s still a Seller’s Market across the board.  The market above $800,000 has a 1.9 month supply of homes, and the price point below $800,000 has a 0.6 month supply. 

Falls Church March/Q1 2024 Home Sales:

• 115 homes went under contract in Falls Church. This is up 9.5% from the same time period in 2023.

• 63% of the homes that went to settlement March 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $796,138 (down 5.5% from the same time period in 2023 when it was $842,397).

• 98 homes came on the market. That’s down 10% from March 2023.

• Homes that sold (closed) averaged 17 days on market, 37 days faster than in March 2023.

• There is currently a 1.0 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Falls Church – and 92 Falls Church homes for sale (townhouse, condo and single-family).

Additional 1st Quarter-End Stats – 2024 vs 2023:

Average sold price decreased by 2% ($706,591 vs $720,328)

Total units sold decreased by 3%

Average sales price to original list price ratio increased – 100.7% vs 99.8%

OVERALL: Falls Church continued to be a Seller’s Market.   We saw an increase in the number of homes coming on the market and going under contract in March  Overall inventory was down slightly from last month, but up 6% year-over-year.  Average sold price was up from February,  but down from this time last year.

When we segment this area by price points, it’s still a Seller’s Market across the board.  The market above $800,000 has a 2.3 month supply of homes, and the price point below $800,000 has a 0.7 month supply. 

Falls Church February 2024 Home Sales:

• 69 homes went under contract in Falls Church. This is down 5% from the same time period in 2023.

• 63% of the homes that went to settlement February 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $694,512 (up 13% from the same time period in 2023 when it was $614,202).

• 73 homes came on the market. That’s down 9% from February 2023.

• Homes that sold (closed) averaged 21 days on market, 3 days faster than in February 2023.

• There is currently a 1.1 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Falls Church – and 100 Falls Church homes for sale (townhouse, condo and single-family).

OVERALL: Falls Church continued to be a Seller’s Market.   We saw a decrease in the number of homes coming on the market and going under contract in February.  However, overall inventory was up from last month, as well as up 10% year-over-year.  Average sold price was up from January as well as from this time last year.

When we segment this area by price points, it’s still a Seller’s Market across the board.  The market above $800,000 has a 1.8 month supply of homes, and the price point below $800,000 has a 0.6 month supply. 

Falls Church January 2024 Home Sales:

• 89 homes went under contract in Falls Church. This is up 5% from the same time period in 2023.

• 43% of the homes that went to settlement January 2024, sold in 10 days or less from when they hit the market.  

• Average sold price was $613,598 (down 9% from the same time period in 2023 when it was $670,875).

• 96 homes came on the market. That’s up 17% from January 2023.

• Homes that sold (closed) averaged 33 days on market, 5 days slower than in January 2023.

• There is currently a 1.0 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Falls Church – and 91 Falls Church homes for sale (townhouse, condo and single-family).

OVERALL: Falls Church continued to be a Seller’s Market.   2024 started with an increase in the number of homes coming on the market and going under contract compared to year-end 2023.  Overall inventory was up slightly from last month but was down 17% year-over-year.  Average sold price was down from December and remains down year-over-year.

When we segment this area by price points, it’s still a Seller’s Market across the board.  The market above $800,000 has a 1.6 month supply of homes, and the price point below $800,000 has a 0.7 month supply.