Is Great Falls, VA 22066 a buyer’s or seller’s market?

The Great Falls housing market right now

In the three months ending August 31, 2026, 30% of homes in Great Falls, VA 22066 sold above their list price, the typical home went under contract in 41 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 65 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 27%, homes sold about as fast and the median sale price fell 2% to $1,669,278. Overall, Great Falls is about as competitive as it was a year ago.

Within Fairfax County, homes here sell more slowly than in 78% of the county’s ZIP codes, and sell less often over asking than in 78%. On our competition score, Great Falls ranks #219 of 358 VA ZIP codes with enough sales (score 56 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.