GREAT FALLS AND WESTERN MCLEAN HOUSING MARKET DATA

There was an increase in total units sold in March, with 45 sold this month in Great Falls and Western McLean Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is higher by 10 units or 7%. The total number of active inventory this March was 147 compared to 137 in March 2024. This month's total of 147 is higher than the previous month's total supply of available inventory of 141, an increase of 4%.

Last March, the median sale price for Great Falls and Western McLean Homes was $1,193,896. This March, the median sale price was $1,200,000, an increase of $6,104 compared to last year. The current median sold price is higher than in February.

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

In March, there was 3.3 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 72 homes newly listed for sale in Great Falls and Western McLean compared to 84 in March 2024, a decrease of 14%. There were 47 current contracts pending sale this March compared to 69 a year ago. The number of current contracts is 32% lower than last March.

In March, the average sale price in Great Falls and Western McLean was 98.2% 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 29, lower than the average last year, which was 31, a decrease of 6%.





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

Zip Code(s): 22066 and 22102
Units Sold 45	Active Inventory 147	Median Sale Price $1,200,000	Days On Market 29

Up 7% Vs. Year Ago	Up 7% Vs. Year Ago	Up 1% Vs. Year Ago	Down -6% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 45 sold this month in Great Falls and Western McLean Real Estate. This month's total units sold was higher than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is higher by 10 units or 7%. The total number of active inventory this March was 147 compared to 137 in March 2024. This month's total of 147 is higher than the previous month's total supply of available inventory of 141, an increase of 4%.
		Median Sale Price Last March, the median sale price for Great Falls and Western McLean Homes was $1,193,896. This March, the median sale price was $1,200,000, an increase of $6,104 compared to last year. The current median sold price is higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 72	Current Contracts 47	Sold Vs. List Price 98.2%	Months of Supply 3.3

Down -14% Vs. Year Ago	Down -32% Vs. Year Ago	Down -2% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In March, there was 3.3 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 72 homes newly listed for sale in Great Falls and Western McLean compared to 84 in March 2024, a decrease of 14%. There were 47 current contracts pending sale this March compared to 69 a year ago. The number of current contracts is 32% lower than last March.
		Sale Price to List Price Ratio In March, the average sale price in Great Falls and Western McLean was 98.2% 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 29, lower than the average last year, which was 31, a decrease of 6%.


	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.