The Great Falls housing market is somewhat competitive. Homes in Great Falls receive 7 offers on average and sell in around 39 days. The median sale price of a home in Great Falls was $1.3M last month, down 18.1% since last year. The median sale price per square foot in Great Falls is $327, down 7.4% since last year.
What is the housing market like in Great Falls today?
In March 2024, Great Falls home prices were down 18.1% compared to last year, selling for a median price of $1.3M. On average, homes in Great Falls sell after 39 days on the market compared to 7 days last year. There were 11 homes sold in March this year, down from 15 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,310,000
-18.1% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Great Falls, VA
$1,310,000
-18.1%
United States
To compare other locations to the Great Falls and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Great Falls add value to a home.
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How hot is the Great Falls housing market?
Great Falls is somewhat competitive. Homes sell in 36.5 days.
0
100
51
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 37 days.
Hot homes
can sell for about 3% above list price and go pending in around 12 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Great Falls
Explore recent offers and recently sold homes in Great Falls
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Great Falls housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Great Falls.
Risk Factor
Flood Factor - Moderate
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Great Falls has a moderate risk of flooding. 414 properties in Great Falls are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in Great Falls. Flood risk is increasing slower than the national average.
76% of properties are at risk of wildfire over the next 30 years
Fire Factor
Great Falls has a moderate risk of wildfire. There are 4,683 properties in Great Falls that have some risk of being affected by wildfire over the next 30 years. This represents 76% of all properties in Great Falls.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Great Falls has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Great Falls is most at risk from hurricanes. 6,084 properties in Great Falls have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 63 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 76 mph.