$4,144 Closing Credit*
$349,000
1,880 SqFt
3 Beds
•2 Full Baths, 2 Partial
Rachel Miller, Listing Office: Redfin Corp
Is East Fairfax, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, East Fairfax has remained a Seller's Market.
Key Takeaway
East Fairfax is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Fairfax, VA
How much do homes in East Fairfax, VA cost?
Median Sold Price
$498,000
$149/sqft
Based on all homes sold in August 2024.
Difference Since Last Month
+$158,100(+46.5%)
Key Takeaway
Homes in East Fairfax have sold for 46.5% more than they did a month ago.
Summary: The median home sold price in East Fairfax was $498,000 in August 2024, up 46.5% from last month, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $274K | - | N/A |
| 3 Bedrooms | $339.9K | $338.5K | -0.4% |
| 4 Bedrooms | - | $543.5K | N/A |
| 5+ Bedrooms | $558.4K | $550K | -1.5% |
Summary: East Fairfax housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 1.5%.
Housing Supply in East Fairfax, VA
How many homes are available in East Fairfax, VA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Summary: The East Fairfax real estate market had 23 homes for sale in August 2024, a 4.2% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 7 | 11 | +57.1% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 12 | 4 | -66.7% |
Summary: The East Fairfax housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Fairfax, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in East Fairfax in August 2024, down by 44.4% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for East Fairfax, VA
How long does it take to sell a home in East Fairfax, VA?
Average Sale Time
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 23 Days | 34 Days | +45.5% |
Summary: Homes in East Fairfax had an average of 34 days on market in Aug 2024, up by 45.5% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in East Fairfax has remained consistent over time.
Summary: During August 2024, 5 homes were sold in East Fairfax; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.