How's the market in your area?

Fairfax, VA

Single-Family Homes

Give Back Team, LLC



Fairfax, VA

Thu Jan 21 2021
This week the median list price for Fairfax, VA is $889,900 with the market action index hovering around 68. This is less than last month's market action index of 75. Inventory has held steady at or around 43. Click here to stay informed with the Fairfax market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Fairfax, VA

Thu Jan 21 2021
This week the median list price for Fairfax, VA is $889,900 with the market action index hovering around 68. This is less than last month's market action index of 75. Inventory has held steady at or around 43. Click here to stay informed with the Fairfax market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Fairfax market.
Median List Price $889,900
Per Square Foot $260
Days on Market 77
Price Decreased 33%
Price Increased 7%
Relisted 9%
Inventory 43
Median Rent $2,700
Most Expensive $2,999,980
Least Expensive $45,000
Market Action 68
Strong Seller's Market

This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,374,995 5,309 0.5 - 1 acre 5 4 3 1 1 170
$995,000 4,109 0.5 - 1 acre 5 4 30 1 1 75
$810,000 3,187 0.25 - 0.5 acre 4 3 43 4 1 49
$625,000 1,721 0.25 - 0.5 acre 4 2 66 8 4 22