FALLS CHURCH, BAILEYS CROSSROADS, AND SEVEN CORNERS HOUSING MARKET DATA

There was a decrease in total units sold in May, with 104 sold this month in Falls Church, Baileys Crossroads, and Seven Corners Real Estate versus 107 last month, a decrease of 3%. This month's total units sold was lower than at this time last year, a decrease of 26% versus May 2024.

Versus last year, the total number of homes available this month is higher by 28 units or 14%. The total number of active inventory this May was 227 compared to 199 in May 2024. This month's total of 227 is lower than the previous month's total supply of available inventory of 260, a decrease of 13%.

Last May, the median sale price for Falls Church, Baileys Crossroads, and Seven Corners Homes was $775,155. This May, the median sale price was $813,000, an increase of 5% or $37,845 compared to last year. The current median sold price is 4% higher than in April.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In May, there was 2.2 months of supply available in Falls Church, Baileys Crossroads, and Seven Corners, compared to 1.4 in May 2024. That is an increase of 55% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 151 homes newly listed for sale in Falls Church, Baileys Crossroads, and Seven Corners compared to 203 in May 2024, a decrease of 26%. There were 135 current contracts pending sale this May compared to 133 a year ago. The number of current contracts is 2% higher than last May.

In May, the average sale price in Falls Church, Baileys Crossroads, and Seven Corners was 100.6% of the average list price, which is 2.0% lower than at this time last year.

This month, the average number of days on market was 21, higher than the average last year, which was 16, an increase of 31%.





FOCUS ON: FALLS CHURCH, BAILEYS CROSSROADS, AND SEVEN CORNERS HOUSING MARKET			MAY 2025

Zip Code(s): 22043, 22044, 22041, 22042 and 22046
Units Sold 104	Active Inventory 227	Median Sale Price $813,000	Days On Market 21

Down -26% Vs. Year Ago	Up 14% Vs. Year Ago	Up 5% Vs. Year Ago	Up 31% Vs. Year Ago


		Units Sold There was a decrease in total units sold in May, with 104 sold this month in Falls Church, Baileys Crossroads, and Seven Corners Real Estate versus 107 last month, a decrease of 3%. This month's total units sold was lower than at this time last year, a decrease of 26% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 28 units or 14%. The total number of active inventory this May was 227 compared to 199 in May 2024. This month's total of 227 is lower than the previous month's total supply of available inventory of 260, a decrease of 13%.
		Median Sale Price Last May, the median sale price for Falls Church, Baileys Crossroads, and Seven Corners Homes was $775,155. This May, the median sale price was $813,000, an increase of 5% or $37,845 compared to last year. The current median sold price is 4% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 151	Current Contracts 135	Sold Vs. List Price 100.6%	Months of Supply 2.2

Down -26% Vs. Year Ago	Up 2% Vs. Year Ago	Down -2% Vs. Year Ago	Up 55% Vs. Year Ago


		Months of Supply In May, there was 2.2 months of supply available in Falls Church, Baileys Crossroads, and Seven Corners, compared to 1.4 in May 2024. That is an increase of 55% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 151 homes newly listed for sale in Falls Church, Baileys Crossroads, and Seven Corners compared to 203 in May 2024, a decrease of 26%. There were 135 current contracts pending sale this May compared to 133 a year ago. The number of current contracts is 2% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Falls Church, Baileys Crossroads, and Seven Corners was 100.6% of the average list price, which is 2.0% lower than at this time last year. Days on Market This month, the average number of days on market was 21, higher than the average last year, which was 16, an increase of 31%.


	Falls Church, Baileys Crossroads, and Seven Corners are defined as properties listed in zip code/s 22043, 22044, 22041, 22042 and 22046.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.