Single Family Homes for Sale in McLean: Attached Homes

In Mc Lean, VA, the median sold price for Detached properties for March was $1,383,500, representing an increase of 6.7% compared to last month and an increase of 20% from Mar 2019. The average days on market for units sold in March was 39 days, 39% below the 5-year March average of 64 days. There was a 7.9% month over month increase in new contract activity with 41 New Pendings; a 1.6% MoM increase in All Pendings (new contracts + contracts carried over from February) to 64; and a 16.6% increase in supply to 218 active units.

This activity resulted in a Contract Ratio of 0.29 pendings per active listing, down from 0.34 in February and a decrease from 0.46 in March 2019. The Contract Ratio is 25% lower than the 5-year March average of 0.38. A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller's favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer's favor.

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Single Family Homes for Sale in McLean: Attached Homes

In Mc Lean, VA, the median sold price for Detached properties for March was $1,383,500, representing an increase of 6.7% compared to last month and an increase of 20% from Mar 2019. The average days on market for units sold in March was 39 days, 39% below the 5-year March average of 64 days. There was a 7.9% month over month increase in new contract activity with 41 New Pendings; a 1.6% MoM increase in All Pendings (new contracts + contracts carried over from February) to 64; and a 16.6% increase in supply to 218 active units.

This activity resulted in a Contract Ratio of 0.29 pendings per active listing, down from 0.34 in February and a decrease from 0.46 in March 2019. The Contract Ratio is 25% lower than the 5-year March average of 0.38. A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller's favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer's favor.

Single Family Homes for Sale in McLean: Attached Homes

In Mc Lean, VA, the median sold price for Attached properties for March was $445,000, representing a decrease of 21.2% compared to last month and an increase of 4.7% from Mar 2019. The average days on market for units sold in March was 29 days, 36% below the 5-year March average of 45 days. There was a 28.6% month over month decrease in new contract activity with 25 New Pendings; a 25% MoM decrease in All Pendings (new contracts + contracts carried over from February) to 33; and a 1.7% increase in supply to 59 active units.

This activity resulted in a Contract Ratio of 0.56 pendings per active listing, down from 0.76 in February and a decrease from 1.05 in March 2019. The Contract Ratio is 6% lower than the 5-year March average of 0.60. A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller's favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer's favor.

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Townhouses for Sale in McLean: Attached Homes

In Mc Lean, VA, the median sold price for Attached/Townhouse properties for March was $780,000, representing a decrease of 10.6% compared to last month and a decrease of 5.8% from Mar 2019. The average days on market for units sold in March were 43 days, 24% above the 5-year March average of 35 days. There was a 30% month over month decrease in new contract activity with 7 New Pendings; a 30.8% MoM decrease in All Pendings (new contracts + contracts carried over from February) to 9; and 100% increase in supply to 8 active units.

This activity resulted in a Contract Ratio of 1.13 pendings per active listing, down from 3.25 in February, and a decrease from 13.00 in March 2019. The Contract Ratio is 64% lower than the 5-year March average of 3.13. A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller's favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer's favor.

Condos for Sale in McLean: 

In Mc Lean, VA, the median sold price for Condo & Coop properties for March was $342,025, representing a decrease of 22.1% compared to last month and a decrease of 17.8% from Mar 2019. The average days on market for units sold in March was 22 days, 52% below the 5-year March average of 46 days. There was a 28% month over month decrease in new contract activity with 18 New Pendings; a 22.6% MoM decrease in All Pendings (new contracts + contracts carried over from February) to 24; and a 5.6% decrease in supply to 51 active units. This activity resulted in a Contract Ratio of 0.47 pendings per active listing, down from 0.57 in February and a decrease from 0.76 in March 2019. The Contract Ratio is 9% lower than the 5-year March average of 0.52. A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller's favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer's favor.