Is East Fairfax, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, East Fairfax was a Buyer'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
$407,500
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Fairfax have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in East Fairfax was $407,500 in April 2024, up 14.2% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $255K | $270K | +5.9% |
| 3 Bedrooms | $314.9K | $375K | +19.1% |
| 4 Bedrooms | $435K | $449K | +3.2% |
| 5+ Bedrooms | $455K | $500K | +9.9% |
Summary: East Fairfax housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Cities
| Cedar Mountain | $415K | $477K | +14.9% |
| East Fairfax | $356.9K | $407.5K | +14.2% |
| Catalpa | $437.5K | $485K | +10.9% |
| Culpeper | $407.5K | $431.5K | +5.9% |
| West Fairfax | $399.9K | $397.5K | -0.6% |
Housing Supply in East Fairfax, VA
How many homes are available in East Fairfax, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 37 | +37.0% |
Summary: The East Fairfax real estate market had 37 homes for sale in April 2024, a 37.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The East Fairfax housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 12 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Fairfax, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in East Fairfax in April 2024, up by 100.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 14 Days | -67.0% |
Summary: Homes in East Fairfax had an average of 14 days on market in Apr 2024, down by 67% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Fairfax are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in East Fairfax; 83% of homes were sold within 30 days, 17% 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. 
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved