Neighborhood Real Estate Guide 2023
Is the local housing market cooling off? Here's the latest data tracking inventory, average sale prices and days on market in 400+ subdivisions in Arlington, McLean and Falls Church.
Is the local housing market showing signs of a cooldown? Which neighborhoods are commanding top dollar? The following chart tracks residential sales for single-family homes, condos and townhouses. You’ll find figures indicating the number of homes sold, average sale price and average days on market in more than 400 neighborhoods in Arlington, Falls Church and McLean from 2018 to 2022. Condo buildings are typically listed as individual subdivisions. The neighborhoods included had at least 15 total sales during the last five years. (However, the totals for each ZIP code reflect all sales in that ZIP code, not just the totals for the neighborhoods shown.) Because subdivisions entered into the Bright MLS database are not required to follow a standard nomenclature, we have expanded the data set to account for misspellings and inconsistencies in many subdivision names. Real estate agents may also enter sales into the database retroactively. As a result, some of the historical data may vary slightly from the data in previous years’ charts. A designation of “NR” indicates that no sales were reported for that year.
Data provided by Bright MLS as of Jan. 11, 2021. Information deemed reliable but not guaranteed.
*Subdivision name reflects listing information as entered into the MLS by real estate professionals.
About Bright MLS — Bright MLS was founded in 2016 as a collaboration between 43 visionary associations and two of the nation’s most prominent MLS platforms. Bright aims to transform what an MLS is and what it does, so that real estate pros and the people they serve can thrive today and into our data-driven future with an open, clear and competitive housing market for all. Bright is proud to be a reliable source for comprehensive real estate data in the mid-Atlantic, with market intelligence currently covering six states (Delaware, Maryland, New Jersey, Pennsylvania, Virginia, West Virginia) and the District of Columbia. Bright MLS’s innovative tool library—both created and curated—provides services and award-winning support to well over 100,000 real estate professionals, enabling their delivery on the promise of home to more than half a million home buyers and sellers monthly. In 2022, Bright subscribers facilitated $121 billion in real estate transactions through the company’s platform. Learn more at Bright MLS.com.
About SHOWINGTIME — ShowingTime is the leading showing management and market reporting technology provider to the residential real estate industry. Its showing products take the inefficiencies out of the appointment scheduling process, while its analytics tools help subscribers generate interactive, easy-to-read local market reports.