Altos Market Data for Realtors

Fairfax, VA

Single-Family Homes

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Fairfax, VA

Fri Apr 19 2024
This week the median list price for Fairfax, VA is $1,225,000 with the market action index hovering around 62. This is less than last month's market action index of 67. Inventory has increased to 33. 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 been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Fairfax, VA

Fri Apr 19 2024
This week the median list price for Fairfax, VA is $1,225,000 with the market action index hovering around 62. This is less than last month's market action index of 67. Inventory has increased to 33. 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 been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the Fairfax market.
Median List Price $1,225,000
Median Price of New Listings $1,086,500
Per Square Foot $322
Average Days on Market 78
Median Days on Market 28
Price Decreased 15%
Price Increased 3%
Relisted 12%
Inventory 33
Median Rent
Market Action 62
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$1,899,450 6,552 0.5 - 1 acre 6 5.5 1 1 0 80
$1,487,500 5,741 0.25 - 0.5 acre 5 4.5 32 1 1 98
$1,049,000 3,299 0.25 - 0.5 acre 4 3.3 50 6 3 0
$825,000 2,128 0.25 - 0.5 acre 4 3 67 2 3 7