Is Fauquier County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fauquier County has remained a Seller's Market.
Housing Prices in Fauquier County, VA
How much do homes in Fauquier County, VA cost?
Median Sold Price
$593,472
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fauquier County was $593,472 in May 2024, up 14.1% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $304.5K | $400K | +31.4% |
2 Bedrooms | $313.4K | $337.9K | +7.8% |
3 Bedrooms | $460K | $487.4K | +6.0% |
4 Bedrooms | $570K | $697.6K | +22.4% |
5+ Bedrooms | $715K | $801.1K | +12.0% |
Summary: Fauquier County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.4%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes increased by 12%.
Median Sold Price Compared To Nearby Counties
Fauquier County | $519.9K | $593.4K | +14.1% |
Warren County | $340.3K | $380.4K | +11.8% |
Prince William County | $503.6K | $535K | +6.2% |
Culpeper County | $435K | $459.3K | +5.6% |
Rappahannock County | $663.6K | $525K | -20.9% |
Housing Supply in Fauquier County, VA
How many homes are available in Fauquier County, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
394 | 436 | +10.7% |
Summary: The Fauquier County real estate market had 436 homes for sale in May 2024, a 10.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 4 | -33.3% |
2 Bedrooms | 19 | 24 | +26.3% |
3 Bedrooms | 141 | 145 | +2.8% |
4 Bedrooms | 142 | 168 | +18.3% |
5+ Bedrooms | 86 | 95 | +10.5% |
Summary: The Fauquier County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
105 | 114 | +8.6% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
66 Homes Were Sold
Over Asking
Summary: A total of 114 homes were sold or pending in Fauquier County in May 2024, up by 8.6% month-over-month. Of the 114 sold homes, 22% were sold under asking, 20% were sold at asking, and 58% were sold over asking.
Days on Market for Fauquier County, VA
How long does it take to sell a home in Fauquier County, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 18 Days | -23.5% |
Summary: Homes in Fauquier County had an average of 18 days on market in May 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
94 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 114 homes were sold in Fauquier County; 82% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.