October Real Estate Market Update – McLean, VA 22101 and 22102

McLean VA is home to many businesses and personal residential pieces of real estate. The zip of 22101 is heavily populated with Businesses, so I’ve broken out the October statistics by zip code:

22101

Detached Houses

Average Net Sale Price: $1,496,948 after 176 DOM
Range: $513,500 – $3,500,000
Average % of List Price: 89.89%

Townhouses

Average Net Sale Price; $641,458 after 242 DOM (median was 34 days)
Range: $460,000 – $775,000
Average % of List Price: 95.77%

22102

Detached Houses

Average Net Sale Price: $2,004,667 after 426 DOM (median was 351 days)
Range: $1,025,000 – $3,668,000
Average % of List Price: 85.25%

1 Bedroom Condos

Average Net Sale Price: $213,500 after 47 DOM
Average % of List Price: 95.87%

2 Bedroom Condos

Average Net Sale Price: $321,590 after 14 DOM
Average % of List Price: 96.75%

Townhouse

Average Net Sale Price: $622,533 after 18 DOM
Range: $562,100 – $740,000
Average % of List Price: 98.41%

Interestingly enough, average sales price is up for October, compared to 2008 in 22101, but down in 22102. Volume and days on the market are up for both zip codes.

Of the 59 properties that sold in October, 2 were short sales, and 6 were bank-owned.

Search the current Homes For Sale in McLean VA