Big Sales in McLean Help Drive Prices Up

Big Sales in McLean Help Drive Prices Up

Of the 58 sales in McLean last month, none were foreclosures or short sales. That helps the increase in each area. In 22101, average prices were up 16%, days on the market fell by 19% and sellers averaged 96% of asking. In 22102, prices were up 6%, days on the market fell 30%, and sellers averaged 94.7% of asking.

22101

Single Family Homes
Average Net Sale Price: $1,245,160 in 73 days
Range: $652,100 – $2,277,360
*This does NOT include a sale at $12M or an apparent sale at $352,133 which was new construction and didn’t actually include the land value.

Townhomes
Average Net Sale Price: $717,100 in 7 days
Range: $651,000 – $817,400

22102

Single Family Homes
Average Net Sale Price: $2,033,773 in 72 days
Range: $875,000 – $3,475,000

2 Bedroom, 2 Bathroom Condos
Average Net Sale Price: $423,786 in 20 days
Range: $299,000 – $740,000

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