Falls Church City Inventory Down 57%, Price Increase 34%

Falls Church City is a small portion of the overall market in Falls Church. Only a few properties sold as inventory was down 57% (from 30 to 13 listings), causing price increases of an average 34%. Days on the market averaged 20, and sellers averaged 98.8% of original list price. In all of Falls Church, a total of 73 properties sold, only 9 were distressed.  Here are the numbers for the entire Falls Church area:

Single Family Homes
Average Net Sale Price: $550,251 after 43 days (median of 22)
Range: $249,000 – $1,475,000

Townhomes 
Average Net Sale Price: $484,383 after 41 days (median of 15)
Range: $280,000  – $770,000

1 Bed/1 Bath Condos
Average Net Sale Price: $178,056 after 46 days (median of 20)
Range: $100,000 – $345,223

2 Bed/2 Bath Condos
Average Net Sale Price: $342,957 after 28 days
Range: $215,000 – $593,000

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