Altos Research

Fairfax, VA

Single-Family Homes

Market Data for Realtors. Schedule a demo today at altos.re.



Fairfax, VA

Wed May 22 2019
This week the median list price for Fairfax, VA is $794,450 with the market action index hovering around 53. This is an increase over last month's market action index of 49. Inventory has held steady at or around 156. Click here to stay informed with the Fairfax market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Fairfax, VA

Wed May 22 2019
This week the median list price for Fairfax, VA is $794,450 with the market action index hovering around 53. This is an increase over last month's market action index of 49. Inventory has held steady at or around 156. Click here to stay informed with the Fairfax market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Fairfax market.
Median List Price $794,450
Per Square Foot $248
Days on Market 62
Price Decreased 37%
Price Increased 4%
Relisted 7%
Inventory 156
Median House Rent $2,075
Most Expensive $2,000,000
Least Expensive $375,000
Market Action Index
Strong Seller's Market
53

The market seems to have paused around this plateau. 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
$1,200,000 5,265 0.5 - 1 acre 5 4 1 1 3 89
$879,000 3,843 0.25 - 0.5 acre 4 3 30 7 8 85
$719,900 2,760 0.25 - 0.5 acre 4 3 45 9 11 40
$580,000 2,108 0.25 - 0.5 acre 4 2 51 11 17 36