McLean Real Estate Has Another Good Month

With inventory levels dropping dramatically in McLean these past few months, it’s no surprise that prices continue to climb. In 22101, total inventory was down over 12% from last year, while average sales prices were up 1%. In 22102, total inventory was down 8% from last year, helping prices increase nearly 23% over February 2011. A total of 35 properties sold in McLean during February, of which 4 were short sales. Here are the breakdowns by zip code:

22101
Single Family Homes
Average Net Sale Price: $1,106,964 after 163 days
Range: $535,000 – $2,375,000

There were no condos and only 2 townhomes sold in February, so they’re not included here for averages.

22102

Single Family Homes
Average Net Sale Price: $1,036,667 after 114 days*
Range: $850,000 – $1,225,00
*This does not include a short sale which took over 900 days to sell

1 Bedroom, 1 Bathroom Condos
Average Net Sale Price: $224,630 after 11 days
Range: $204,900 – $258,900

2 Bedroom, 2 Bathroom Condos
Average Net Sale Price: $488,617 after 60 days
Range: $270,000 – $850,000

Find Out What Your McLean Home Is Worth or Search McLean Homes For Sale