Fairfax, VA Housing Market
The Fairfax housing market is most competitive. Homes in Fairfax receive 8 offers on average and sell in around 12 days. The median sale price of a home in Fairfax was $674K last month, up 11.0% since last year. The median sale price per square foot in Fairfax is $357, up 15.3% since last year.
Fairfax Housing Market Trends
In March 2024, Fairfax home prices were up 11.0% compared to last year, selling for a median price of $674K. On average, homes in Fairfax sell after 12 days on the market compared to 20 days last year. There were 38 homes sold in March this year, down from 40 last year.
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How hot is the Fairfax housing market?
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
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 11 days.
- Hot homescan sell for about 6% above list price and go pending in around 4 days.
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
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 4% above list price and go pending in around 7 days.
- Hot homescan sell for about 8% above list price and go pending in around 3 days.
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 6 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 3% above list price and go pending in around 5 days.
- Hot homescan sell for about 4% above list price and go pending in around 2 days.
Fairfax Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Fairfax from outside metros.
- New York homebuyers searched to move into Fairfax more than any other metro followed by Atlanta and Hartford.
- 81% of Fairfax homebuyers searched to stay within the Fairfax metropolitan area.
- Salisbury was the most popular destination among Fairfax homebuyers followed by Virginia Beach and Miami.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 3,185 | ||
2 | 1,376 | ||
3 | 525 | ||
4 | 384 | ||
5 | 26 | ||
6 | 13 | ||
7 | 11 | ||
8 | 10 | ||
9 | 5 | ||
10 | 5 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 4,584 | ||
2 | 2,396 | ||
3 | 2,070 | ||
4 | 1,555 | ||
5 | 1,496 | ||
6 | 1,356 | ||
7 | 1,298 | ||
8 | 1,266 | ||
9 | 982 | ||
10 | 808 |
Home offer insights for Fairfax
Recent offers
- Offer Not Accepted|7 Weeks Ago~$800K OfferSold for $850K3 bd | 2 ba | ~2,250 sqftOver List Price0%Days on Market2Competing Offers11OfferAll Cash
- Offer Not Accepted|8 Weeks Ago~$650K OfferSold for $650K3 bd | 3 ba | ~2,250 sqftOver List Price5%Days on Market4Competing Offers8Down Payment~10%
- Offer Not Accepted|8 Weeks Ago~$650K OfferSold for $650K3 bd | 3.5 ba | ~2,000 sqftOver List Price5%Days on Market3Competing Offers10Down Payment~10%
View houses in Fairfax that sold recently
Recently sold homes
- $870,000 Last Sold Price4 beds2.5 baths2,501 sq ft13160 Madonna Ln, Fairfax, VA 22033(703) 222-3300List Price$759,000Sale to List15% over listDays on Market21 days13160 Madonna Ln, Fairfax, VA 22033
- $576,000 Last Sold Price2 beds2 baths1,437 sq ft3634 W Ox Rd, Fairfax, VA 22033(703) 222-3300List Price$550,000Sale to List5% over listDays on Market18 days3634 W Ox Rd, Fairfax, VA 22033
- $1,025,000 Last Sold Price4 beds3 baths3,908 sq ft4602 Tiffin Pl, Fairfax, VA 22032(301) 298-1001List Price$925,000Sale to List11% over listDays on Market36 days4602 Tiffin Pl, Fairfax, VA 22032
- $460,000 Last Sold Price3 beds2 baths1,699 sq ft4238 Allison Cir, Fairfax, VA 22030(703) 378-8810List Price$385,000Sale to List19% over listDays on Market28 days4238 Allison Cir, Fairfax, VA 22030
- $670,000 Last Sold Price3 beds2.5 baths2,044 sq ft4300 Stevens Battle Ln, Fairfax, VA 22033(703) 449-7629List Price$650,000Sale to List3% over listDays on Market16 days4300 Stevens Battle Ln, Fairfax, VA 22033
- $780,000 Last Sold Price4 beds2.5 baths2,231 sq ft4423 Midstone Ln, Fairfax, VA 22033(703) 266-7277List Price$715,000Sale to List9% over listDays on Market18 days4423 Midstone Ln, Fairfax, VA 22033
- $1,175,000 Last Sold Price4 beds4.5 baths5,459 sq ft4001 Virginia St, Fairfax, VA 22032(703) 522-0500List Price$1,200,000Sale to List2% under listDays on Market40 days4001 Virginia St, Fairfax, VA 22032
- $835,000 Last Sold Price3 beds2.5 baths1,800 sq ft4510 Village Dr, Fairfax, VA 22030(703) 865-6092List Price$859,990Sale to List3% under listDays on Market26 days4510 Village Dr, Fairfax, VA 22030
See all recently sold homes in Fairfax.
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Schools in Fairfax
- Elementary
- Middle
- High
GreatSchools Rating
7/10 Mosby Woods Elementary School Public • PreK-6 | 1073 Students | 27 reviews |
6/10 Providence Elementary School Public • PreK-6 | 909 Students | 22 reviews |
5/10 Daniels Run Elementary School Public • PreK-6 | 714 Students | 20 reviews |
5/10 Fairfax Villa Elementary School Public • PreK-6 | 625 Students | 10 reviews |
NR Fairfax High School Academy Public • N/A • Choice school | - Students | N/A |
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 - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Moderate
Wind Factor
Wind likelihood over time
Heat Factor - Severe
Heat Factor
Transportation in Fairfax
Walk Score®
Transit Score®
Bike Score®
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