Real Estate Market Update for Falls Church City County, VA
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was up 86% from one year earlier, and up 37% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 1.2-million dollars. Compared to last year, the average number of days units spent on the market before being sold was up 56%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 850-thousand dollars. The number of units sold decreased 50% year-over-year, and decreased 64% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Falls Church City County, VA
Area Information for Falls Church City County, VA
  • Population: 13,911
  • Median Age: 41.22 yr
  • Median Commute Time: 25 mins
  • Educational Climate*: 5
  • Sales Tax: 0%
  • Population Density: 6,959/sq mi
  • Population Change Since 2000: 34.06%
  • Closest Airport: Ronald Reagan Washington National
  • Closest College: Stratford University-tysons Corner Cmps
  • Closest Jr. College: Northern Virginia Cmnty Cllg-alexandria
  • Median Household Income: $120,964
  • Annual Residential Turnover: 12%
  • Median Home Sales Price: $650,000
  • Closest Major Sports Team: Washington Capitals
  • Change Avg. Household Income Since 2000: 79.05%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Falls Church City County, VA
Median Age: 41.22 Married: 43% Number of Households: 5,742 Households with Children: 1,798
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Falls Church City County, VA

      School Name Distance Type Grades School Rating Parent Rating
      St. James Catholic School 0.4 mi Catholic K-8 0 0
      Thomas Jefferson Elementary School 0.4 mi Public 3-5 4 0
      Falls Church Episcopal Day School 0.5 mi Private PRESCHOOL-K 0 0
      Kaye Kare Inc 0.5 mi Private PRESCHOOL-PRESCHOOL 0 0
      Jessie Thackrey preschool 0.7 mi Public PRESCHOOL-PRESCHOOL 0 0
      Mt Daniel Elementary School 0.8 mi Public K-2 0 0
      Timber Lane Elementary School 1.2 mi Public PRESCHOOL-6 1 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Falls Church City County, VA
        Data powered by Attom Data Solutions. Copyright© 2020. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.