Is Fairfax City District, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Fairfax City District has remained a Seller's Market.
Housing Prices in Fairfax City District, VA
How much do homes in Fairfax City District, VA cost?
Median Sold Price
$700,000
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fairfax City District was $700,000 in April 2024, up 3.7% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $218.4K | $225K | +3.0% |
2 Bedrooms | $272.5K | $409.5K | +50.3% |
3 Bedrooms | $635K | $725.5K | +14.3% |
4 Bedrooms | $722.5K | $772.7K | +7.0% |
5+ Bedrooms | $1.1M | $1.1M | +3.6% |
Summary: Fairfax City District housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 50.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Neighborhoods
Farrcroft | $1.1M | $1.1M | +6.6% |
Fairfax City District | $675K | $700K | +3.7% |
Fairfax City | $675K | $700K | +3.7% |
Country Club Hills | $720K | $729.2K | +1.3% |
Housing Supply in Fairfax City District, VA
How many homes are available in Fairfax City District, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 59 | +47.5% |
Summary: The Fairfax City District real estate market had 59 homes for sale in April 2024, a 47.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 6 | 3 | -50.0% |
3 Bedrooms | 16 | 21 | +31.3% |
4 Bedrooms | 11 | 24 | +118.2% |
5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Fairfax City District 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 decreased by 50%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 118.2%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 12 | -29.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Fairfax City District in April 2024, down by 29.4% month-over-month. Of the 12 sold homes, 8% were sold under asking, 0% were sold at asking, and 92% were sold over asking.
Days on Market for Fairfax City District, VA
How long does it take to sell a home in Fairfax City District, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 3 Days | -76.4% |
Summary: Homes in Fairfax City District had an average of 3 days on market in Apr 2024, down by 76.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Fairfax City District; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.