HOMESbyRP, LLC 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

Tue Oct 27 2026
This week the median list price for Fairfax, VA is $899,500 with the market action index hovering around 48. This is about the same as last month's market action index of 48. Inventory has increased to 87. 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 has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Fairfax, VA

Tue Oct 27 2026
This week the median list price for Fairfax, VA is $899,500 with the market action index hovering around 48. This is about the same as last month's market action index of 48. Inventory has increased to 87. 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 has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Fairfax market.
Median List Price $899,500
Median Price of New Listings $1,112,497
Per Square Foot $363
Average Days on Market 65
Median Days on Market 35
Price Decreased 43%
Price Increased 0%
Relisted 11%
Inventory 87
Median Rent
Market Action 48
Strong Seller's Market

This week prices bumped up a bit but the trend of recent weeks is generally downward. The Market Action Index is a good leading indicator for the durability of this trend.

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
$2,125,000 6,332 0.5 - 1 acre 6 5 14 4 0 98
$1,084,999 2,877 0.25 - 0.5 acre 4 3.5 58 7 5 17
$849,900 2,255 0.25 - 0.5 acre 4 3 57 1 0 42
$719,000 1,766 0.25 - 0.5 acre 4 2.5 64 0 2 35