Single Family Homes in McLean - Market Trends and Statistics

MCLEAN SINGLE FAMILY HOMES - MARKET TRENDS

Check out our AUTO UPDATING CHARTS below for more current info or Request a Free Report

Welcome to our “McLean Single Family Homes” market Statistics page. We hope you find these graphs and charts informative as you look for pricing and marketing trends in McLean, Virginia for Single Family Homes - Detached Homes. In Mclean home pricing can be a bit tricky as there are lots of Tear-Down & rebuild homes as well as "pop-top" homes.  For home valuations, we need to look at a lot more details when it comes to understanding & pricing homes. But these reports, charts that auto update below all provide a great starting point. The McLean report provides great detail all the way down to the Neighborhood level. 

Here are some of the charts you will find in this report :
- Type of Transactions and how many sold in 2017 - Example: how many Foreclosures, Short Sales, Regular Sales etc. 
- Monthly Market trends 
- Per Property Type Sales, Avg Actual Price, Days on the Market etc. 
- Per Neighborhood Statistics
- And ALL the details down to address level! 

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If you are a seller – this information will give you some basic and average information for pricing and market trends. But as with any property, age, condition, finishes, market demand will also play a key role. We also believe Staging a property properly will also make a big difference! If you are thinking about selling your home in McLean, give us a call. You can compare our services, approach and marketing and see if we are a good fit to work together to sell your home. 

If you are a buyer – these charts will provide you with good guideline on pricing trends. If you are NEW to McLean and would like an expert - a lifetime resident and someone who grew up in McLean and is a full time agent specializing in Mclean to help you - please contact Tim Walsh. We take great pride in providing our clients with best service coupled with knowledge, expertise and dedication. Tim can tell you about different neighborhoods, current trends, future initiatives and more. Plus he knows New Construction as well so you will get an expert who knows homes literally from ground up! 

Also take a look at our Market Trend Videos and get educated along the process. If you are looking to buy a home in McLean – we have great resources, different lender programs you may not be aware of, grants & assistance programs, vendor & service providers as well as checklists, videos, guides and money saving tips! Please leave a feedback if you enjoy our information or if we can provide you with additional information!

# of Solds by Single Family Homes in McLean, Virginia by Price Range

Sales Trends and What They Mean...

In this chart you can see the Average demand for # of Bedrooms in McLean VA. So if you are thinking about adding another Bedroom to your home - this is a great chart to see the impact and demand. 

Average Sold Price – The average gross price for homes that closed during that period.

From this chart you can see how many transactions or sales happened per month.

# of Solds Single Family Homes in McLean by Zipcode COMPARISON

Sales Trends and What They Mean...

In this chart you can see the Average demand for # of Bedrooms in McLean VA. So if you are thinking about adding another Bedroom to your home - this is a great chart to see the impact and demand. 

Average Sold Price – The average gross price for homes that closed during that period.

From this chart you can see how many transactions or sales happened per month.

# of Solds Single Family Homes by # of Bedrooms

Sales Trends and What They Mean...

In this chart you can see the Average demand for # of Bedrooms in McLean VA. So if you are thinking about adding another Bedroom to your home - this is a great chart to see the impact and demand. 

Average Sold Price – The average gross price for homes that closed during that period.

From this chart you can see how many transactions or sales happened per month.


Average Price of Single Family Homes in McLean 

What is Average Sales Price?

The Average Sales Price is the sum of the total sales dollar volume divided by the total number of units sold.

If you would like to see the ACTUAL Avg Sales Prices - download our report to get a more accurate understanding 


Avg Price/Sqft

What does Price/sqft mean?

This is not really a good chart for Single Family Homes but we do know many clients who ask for this information so we decided to put it in.
This information is actually great for Condos as a Starting point but we did include it for those curious ones.

This is  Average Price per square foot to get an idea of average price per sqft . Keep in mind that each home  may have different updates, upgrades finishes, or other features, different layouts etc.



Avg SOLD price vs Original Listing Price Ratio

What does this Ratio Mean?

Original List Price - Original list price is the initial price the listing was put on the market at.  While a price can be reduced over the time a property is for sale, the original list price is used in this calculation to compare to the Final SOLD price - which is the final price - and does Not include subsidy! 
At 100% - Sellers got the price they listed the home for. Anything below that shows that they didn't get the originally listed price. So if you see 90% for a 500K originally listed price - it means the Sellers got 90% of $500K or $450K.


Avg "Days on Market" for Single Family Homes in McLean

What does Days on Market mean? 

Days on Market:  Calculation based upon the number of days a property is listed before receiving a contract. It is calculated based upon the property and accumulates between listings. It is the total number of days from the date when a property first comes on the market (list date) to the time is taken off the market due to a sale (contract date) or off market condition (off market date). 

Basically how long did it take to sell!


Months of Supply for McLean Single Family Homes

What does Months of Supply Mean & why should I care?

Months of Supply (also known as "Months Supply of Inventory") tells you how many months it would take for all the current homes for sale on the market to sell, given the sales rate for that market.
 4 to 6 Months is generally considered a balanced market; less than 4 months a sellers' market as there are more buyers than homes available; more than 6 months can be considered a buyers' market as there are more homes for sale than buyers to purchase them.  


Other Stats are also available - just ask...

We have other stats we can provide you on this neighborhood or others. Here are the details of information we can provide Here is the complete list of stats available

Supply and Demand
Months of Supply
Contract Ratio
Absorption Rate (New Pendings)
Absorption Rate (Closed Sales)
New Pending to New Listing Ratio
Seller Success Rate
Market Activity
Number of Sales
Number of New Pendings
Number of All Pendings (end-of-period)
Number of New Listings
Number of Active Listings (end-of-period)

Pricing Trends
Median Sale Price
Average Sale Price
Median List Price for Sales
Average List Price for Sales
Median List Price New Pendings
Average List Price for New Pendings
Median List Price for New Listings
Average List Price for New Listings
Median List Price for Active Listings (end-of-period)
Average List Price for Active Listings (end-of-period)

$ per Square Foot
Median Sold $/sqft
Median List $/sqft (Sales)
Median List $/sqft (New Pendings)
Median List $/sqft (All Pendings)
Median List $/sqft (New Listings)
Median List $/sqft (Active Listings)
Average Sold $/sqft
Average List $/sqft (Sales)
Avg List $/sqft  (New Pendings)
Avg List $/sqft (All Pendings)
Avg List $/sqft (New Listings)
Avg List $/sqft (Active Listings)

Pricing Ratios
Median Sales Price to Original List Price Ratio
Average Sales Price to Original List Price Ratio
Median Sales Price to List Price Ratio
Average Sales Price to List Price Ratio
Days on Market
Median Days on Market
Median Contract to Settle
Median Days to Settle
Average Days on Market
Average Contract to Settle
Average Days to Settle


Are you looking to Buy, Sell or Invest in Single Family Homes in McLean?

If you are looking to Buy, Sell or Invest single family homes in McLean, you are in the right place. Check out our offers and contact us to see how we can help you save when buying, selling or investing in single family homes in McLean?

BUY

If you are ready for the condo lifestyle, give us a call. We provide expert guidance and information to help you find the best fit for your needs and desires. We know how to value condos and potential updates & upgrades. We will educate you on your Investment so you will know what to expect.
You will see our Condo Checklist, Condo guide & Training videos that will educate you through the Condo buying process every step o​​​​f the way, while we negotiate the best deal for you!
 

SELL

If you are looking to sell your condo, check out how we Pre-Market to create & gauge demand. How our Marketing Checklist and Walk-through, Staging Consultation can help you Maximize your investment While our Leading Edge Marketing, complete with 3D, 360 Videos, Property Page, Direct Mail, Social Media Reach as well as featured listing status on Zillow, Realtor and other sites to ensure you get the BEST Exposure, and Best Pricing Possible. All with our Guarantee!

INVEST

If you are looking to invest, you are looking for specific data and trends. We have special reports we generate for the Investors who are looking to work with us.

Our Analysis, complete with market trends, estimated value increases and more, can help you make better decisions on what type of properties to invest in and how must return you can expect as well as estimated vacancy rates and more. Ask us about our Investor Program and our special Investor Reports.

SAVE!

We Match or Beat any commission structure. If this is the case, please provide us with the details of the offers & services so we can match.

When working with experts there are savings that are tangible and intangible. We are Proud to be able to offer the $5,000 Savings or $500 Back on closing costs Guarantee! (** Your lender must approve)
We also provide "Loyalty Program" where you can receive additional $$$ - Ask us about it to save Even MORE...

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