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In Great Falls, VA, the median sold price for detached properties in July was $1,940,000. This is an increase of 16.9% compared to June, and an increase of 17.2% compared to July 2025.
Homes sold in July spent an average of 20 days on market. This is 25% faster than the 5-year July average of 27 days.
New contract activity rose in July, with 20 New Pendings, an 11.1% increase compared to June. All Pendings, which combines new contracts with contracts carried over from June, also totaled 20, showing no month-over-month change. Active listings held steady at 67 units, also unchanged from June.
Together, this activity produced a Contract Ratio of 0.30 pendings per active listing. This ratio was unchanged from June, but down from 0.51 in July 2025. It is also 43% below the 5-year July average of 0.52.
The Contract Ratio measures contract activity relative to supply, and is used to indicate which side of the market has the advantage. A higher ratio means more contract activity relative to supply, which favors sellers. A lower ratio means less contract activity relative to supply, which favors buyers.
Taken together, these numbers show a market with strong price growth and fast-selling homes, but weaker contract activity relative to supply than both last year and the historical average. This suggests that despite rising prices, current conditions in Great Falls are tilted more toward buyers than sellers.
