Altos Market Data for Realtors

Fairfax, VA

Single-Family Homes

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Fairfax, VA

Mon Jul 06 2020
This week the median list price for Fairfax, VA is $899,950 with the market action index hovering around 61. This is about the same as last month's market action index of 61. Inventory has held steady at or around 62. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Fairfax, VA

Mon Jul 06 2020
This week the median list price for Fairfax, VA is $899,950 with the market action index hovering around 61. This is about the same as last month's market action index of 61. Inventory has held steady at or around 62. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Fairfax market.
Median List Price $899,950
Per Square Foot $255
Days on Market 71
Price Decreased 24%
Price Increased 2%
Relisted 5%
Inventory 62
Median Rent $3,000
Most Expensive $2,750,000
Least Expensive $510,000
Market Action 61
Strong Seller's Market

The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.

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
$1,386,035 5,800 0.5 - 1 acre 5 4 0 1 3 93
$1,119,000 4,843 0.25 - 0.5 acre 5 4 15 1 4 53
$844,950 3,062 0.5 - 1 acre 4 3 34 7 7 38
$612,450 2,101 0.25 - 0.5 acre 4 3 51 4 9 97