GREAT FALLS AND WESTERN MCLEAN HOUSING MARKET DATA

There was an increase in total units sold in May, with 77 sold this month in Great Falls and Western McLean Real Estate. This month's total units sold was lower than at this time last year.

Versus last year, the total number of homes available this month is lower by 2 units or 1%. The total number of active inventory this May was 167 compared to 169 in May 2024. This month's total of 167 is lower than the previous month's total supply of available inventory of 198, a decrease of 16%.

Last May, the median sale price for Great Falls and Western McLean Homes was $1,390,821. This May, the median sale price was $1,235,000, a decrease of 11% or $155,821 compared to last year. The current median sold price is 1% lower 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 Great Falls and Western McLean. The amount of supply is similar compared to 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 86 homes newly listed for sale in Great Falls and Western McLean compared to 100 in May 2024, a decrease of 14%. There were 80 current contracts pending sale this May compared to 61 a year ago. The number of current contracts is 31% higher than last May.

In May, the average sale price in Great Falls and Western McLean was 98.0% of the average list price, which is 3.2% lower than at this time last year.

This month, the average number of days on market was 29, lower than the average last year, which was 37, a decrease of 22%.





FOCUS ON: GREAT FALLS AND WESTERN MCLEAN HOUSING MARKET			MAY 2025

Zip Code(s): 22066 and 22102
Units Sold 77	Active Inventory 167	Median Sale Price $1,235,000	Days On Market 29

Down -1% Vs. Year Ago	Down -1% Vs. Year Ago	Down -11% Vs. Year Ago	Down -22% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 77 sold this month in Great Falls and Western McLean Real Estate. This month's total units sold was lower than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is lower by 2 units or 1%. The total number of active inventory this May was 167 compared to 169 in May 2024. This month's total of 167 is lower than the previous month's total supply of available inventory of 198, a decrease of 16%.
		Median Sale Price Last May, the median sale price for Great Falls and Western McLean Homes was $1,390,821. This May, the median sale price was $1,235,000, a decrease of 11% or $155,821 compared to last year. The current median sold price is 1% lower 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 86	Current Contracts 80	Sold Vs. List Price 98.0%	Months of Supply 2.2

Down -14% Vs. Year Ago	Up 31% Vs. Year Ago	Down -3.2% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In May, there was 2.2 months of supply available in Great Falls and Western McLean. The amount of supply is similar compared to 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 86 homes newly listed for sale in Great Falls and Western McLean compared to 100 in May 2024, a decrease of 14%. There were 80 current contracts pending sale this May compared to 61 a year ago. The number of current contracts is 31% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Great Falls and Western McLean was 98.0% of the average list price, which is 3.2% lower than at this time last year. Days on Market This month, the average number of days on market was 29, lower than the average last year, which was 37, a decrease of 22%.


	Great Falls and Western McLean are defined as properties listed in zip code/s 22066 and 22102.
	*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.