Phone: 100 - 222 3455
Location
Year built
Garages size
Land sizes
Price

Great Falls, Virginia Real Estate Market Analysis for August 2018

In August 2018, the average price of homes for sale in Great Falls, VA decreased.

This decrease when compared to prior months can be attributed to growing concerns that the Federal Reserve will continue to increase the Fed funds rate this year and in 2019.

Great Falls’ decline resulted in the city becoming one of the only high priced buyers’ markets in Northern Virginia with 7.1 months of supply.

Homes in Great Falls on average stayed on the market far longer than all other nearby NoVA regions, and when compared to McLean, it took sellers in 22066 an entire month longer to sell their properties than those in 22101 and 22102.

With house values lower than average, now is the time to buy in Great Falls before prices and mortgage interest rates increase next year.

Quick Stats for 22066

150
Homes For Sale
33
Homes Sold / Settled
$1,037,300
Avg. Sold Price
86
Avg. Days on Market
7.1
Months Supply
14
Pending Contracts

August 2018 Properties Sold in Great Falls, Virginia

Price Address Bedrooms Full Baths Half Baths
$1,799,000 10911 Belgravia Ct 6 6 4
$1,699,000 10020 Windy Hollow Rd 5 4 3
$1,595,000 11623 Rolling Meadow Dr 5 6 3
$1,449,999 11207 Elmview Pl 5 5 3
$1,350,000 604 Brockman Ct 6 5 3
$1,350,000 11256 Inglish Mill Dr 4 4 3
$1,319,000 10005 Park Royal Dr 5 5 3
$1,299,000 860 Golden Arrow St 5 4 3
$1,275,000 10114 Nedra Dr 5 4 3
$1,225,000 9217 Jeffery Rd 5 4 3
$1,150,000 607 Kentland Dr 6 5 3
$1,099,000 705 Crown Meadow Dr 4 4 3
$1,098,000 103 Jefferson Run Rd 4 3 2
$1,049,000 916 Constellation Dr 4 4 3
$999,000 9508 Pamlico Ln 4 3 3
$998,000 1284 Towlston Rd 5 3 3
$974,000 9419 Brian Jac Ln 4 3 3
$949,000 10104 Walker Lake Dr 4 2 3
$945,000 811 Follin Farm Ln 4 3 3
$869,000 11929 Holly Spring Dr 4 3 3
$865,000 1005 Riva Ridge Dr 4 3 3
$860,000 1122 Edward Dr 4 2 4
$850,000 988 Old Holly Dr 4 3 3
$798,500 9251 Wood Glade Dr 3 2 2
$785,000 1116 Challedon Rd 5 3 3
$775,000 10207 Oxfordshire Rd 3 2 2
$770,000 1092 Pensive Ln 4 4 2
$760,000 1096 Pensive Ln 4 2 3
$739,500 9105 Weant Dr 5 3 3
$723,000 10419 Shesue St 4 3 2
$649,900 542 Elizabeth St 3 3 2
$625,000 541 Elizabeth St 3 1 2
$539,000 10613 Good Spring Ave 4 2 2

Source: MRIS Listings