HOMESbyRP of eXp Realty / Richard Pearrell

Fairfax, VA

Single-Family Homes

https://HOMESbyRP.com GRI, Associate Broker DC, MD, VA & REALTOR® in FL at eXp Realty, LLC / (301) 991-7061 /



Fairfax, VA

Thu Feb 13 2025
This week the median list price for Fairfax, VA is $1,222,700 with the market action index hovering around 65. This is an increase over last month's market action index of 63. Inventory has increased to 24. 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 Narrative

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Fairfax, VA

Thu Feb 13 2025
This week the median list price for Fairfax, VA is $1,222,700 with the market action index hovering around 65. This is an increase over last month's market action index of 63. Inventory has increased to 24. 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 Narrative

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Fairfax market.
Median List Price $1,222,700
Median Price of New Listings $1,050,000
Per Square Foot $355
Average Days on Market 81
Median Days on Market 39
Price Decreased 29%
Price Increased 4%
Relisted 17%
Inventory 24
Median Rent
Market Action 65
Strong Seller's Market

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
$2,335,000 7,259 0.5 - 1 acre 5 6 1 2 1 49
$1,487,495 4,180 0.5 - 1 acre 5 4.5 15 2 0 112
$1,077,000 2,510 8,000 - 10,000 sqft 3 3.5 49 1 0 98
$812,450 2,151 0.25 - 0.5 acre 4 2.8 52 4 1 0