Altos Market Data for Realtors

Fairfax, VA

Single-Family Homes

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Fairfax, VA

Tue Mar 19 2024
This week the median list price for Fairfax, VA is $1,330,000 with the market action index hovering around 66. This is less than last month's market action index of 69. Inventory has increased to 29. Click here to stay informed with the Fairfax market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Fairfax, VA

Tue Mar 19 2024
This week the median list price for Fairfax, VA is $1,330,000 with the market action index hovering around 66. This is less than last month's market action index of 69. Inventory has increased to 29. Click here to stay informed with the Fairfax market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Fairfax market.
Median List Price $1,330,000
Median Price of New Listings $1,100,000
Per Square Foot $320
Average Days on Market 79
Median Days on Market 14
Price Decreased 7%
Price Increased 17%
Relisted 10%
Inventory 29
Median Rent
Market Action 66
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,899,900 5,816 0.25 - 0.5 acre 5 5.5 1 0 0 70
$1,549,000 5,646 0.5 - 1 acre 5 4.5 20 2 1 133
$1,100,000 3,993 0.25 - 0.5 acre 4 3.5 35 3 1 7
$836,950 2,085 0.25 - 0.5 acre 4 2.8 55 4 1 3