Is Falls Church, VA 22042 a buyer’s or seller’s market?

The Falls Church housing market right now

In the three months ending August 31, 2026, 33% of homes in Falls Church, VA 22042 sold above their list price, the typical home went under contract in 48 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 97 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (32% then), homes sold more slowly (34 days then) and the median sale price fell 1% to $780,662. Overall, Falls Church is less competitive than a year ago, which gives buyers more room.

Within Fairfax County, homes here sell more slowly than in 93% of the county’s ZIP codes, and sell less often over asking than in 61%. On our competition score, Falls Church ranks #138 of 358 VA ZIP codes with enough sales (score 67 out of 100).

Nearby, buyers who want less competition could look at Falls Church 22041 (16% sold over asking) or Mc Lean 22102 (18% sold over asking), while Dunn Loring 22027 (75% sold over asking) and Springfield 22153 (54% sold over asking) are even more competitive.