Fairfax, VA Home Values & Market Trends
Real estate market trends reflect that there have been 2,007 transactions over the past year in Fairfax. The median value for residential home transactions that occurred over the previous year is $729,422.31. The number of current listings in Fairfax is 180, and the percentage of properties for sale in the city is 180.00%. Fairfax, VA currently has 16 properties in foreclosure, 1 bank owned properties, 15 properties headed for auction, and 180 properties for sale.
Fairfax, VA Real Estate Market Overview
Housing Market Summary for Fairfax, VA
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $649.9K | $732.9K | 12.77% |
| Median Sold Price | $690.5K | $732.9K | 6.15% |
| Homes For Sale | 187 | 173 | -7.49% |
| Homes Sold | 969 | 1,062 | 9.60% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Fairfax, VA
Browse Homes in Fairfax, VA
Fairfax home values range from $59,423 to $19,428,929. The median estimated value of a home in Fairfax is $729,422.31. The median list price of a home is 649,900, and the total count of properties in the city is 45,927.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Fairfax, VA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 5 zips within Fairfax, VA; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Fairfax, VA ranges from the highest value of $850,000 in 22031 to the lowest value of $850,000 in 22031. Bank owned homes and properties account for 0.00% of properties in Fairfax, VA. There are 5 zips within Fairfax, VA; 22031 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions22030 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Fairfax, VA. Auction homes and other auction properties account for 0.03% of all properties in Fairfax, VA. There are 5 zips within Fairfax, VA; of those zips, the median estimated home value for homes going to auction ranges from $1,375,311 in 22032 to the lowest value of $302,644 in 22032.
Compare Nearby Cities
More Real Estate Resources for Fairfax, VA
Guide for Fairfax, VA
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