The Fairfax housing market is very competitive. Homes in Fairfax receive 4 offers on average and sell in around 16 days. The median sale price of a home in Fairfax was $762K last month, up 17.0% since last year. The median sale price per square foot in Fairfax is $323, down 8.5% since last year.
In August 2024, Fairfax home prices were up 17.0% compared to last year, selling for a median price of $762K. On average, homes in Fairfax sell after 16 days on the market compared to 17 days last year. There were 48 homes sold in August this year, up from 48 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$762,000
+17.0% YoY | Aug 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Aug 2024
Growth
% YoY
Fairfax, VA
$762,000
+17.0%
United States
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How hot is the Fairfax housing market?
Fairfax is very competitive. Homes sell in 18 days.
0
100
87
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 18 days.
Hot homes
can sell for about 3% above list price and go pending in around 4 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Fairfax
Explore recent offers and recently sold homes in Fairfax
Recent offers
Offer Not Accepted|
9 Weeks Ago
~$700K Offer
Sold for $750K
4bd | 2.5ba | ~2,250sqft
Over List Price
2%
Days on Market
6
Competing Offers
10
Down Payment
~40%
Michelle Soto
Fairfax Redfin Agent
Multiple offers were made and it escalated higher than the $750,000 which was my clients max budget.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Fairfax housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Fairfax.
Flood Factor - Minor
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Fairfax has a minor risk of flooding. 704 properties in Fairfax are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in Fairfax. Flood risk is increasing slower than the national average.
7% of properties are at risk of wildfire over the next 30 years
Fire Factor
Fairfax has a moderate risk of wildfire. There are 559 properties in Fairfax that have some risk of being affected by wildfire over the next 30 years. This represents 7% of all properties in Fairfax.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Fairfax has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Fairfax is most at risk from hurricanes. 7,890 properties in Fairfax have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 63 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 76 mph.