$5,047 Closing Credit*
$425,000
2,020 SqFt
3 Beds
•2 Full Baths, 1 Partial
Quartrina Humes, Listing Office: The Home Team Realty Group, LLC
Is East Fairfax, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, East Fairfax has remained a Seller'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
$355,000
$151/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$38,750(+12.3%)
Key Takeaway
Homes in East Fairfax have sold for 12.3% more than they did a month ago.
Summary: The median home sold price in East Fairfax was $355,000 in November 2024, up 12.3% from last month, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $275K | - | N/A |
| 3 Bedrooms | $349K | $350K | 0.3% |
| 4 Bedrooms | - | $355K | N/A |
| 5+ Bedrooms | $425K | $549.9K | +29.4% |
Summary: East Fairfax housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 0.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 29.4%.
Housing Supply in East Fairfax, VA
How many homes are available in East Fairfax, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 28 | -3.4% |
Summary: The East Fairfax real estate market had 28 homes for sale in November 2024, a 3.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The East Fairfax housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Fairfax, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in East Fairfax in November 2024, up by 12.5% month-over-month. Of the 9 sold homes, 44% were sold under asking, 56% were sold at asking, and 0% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 72 Days | +144.0% |
Summary: Homes in East Fairfax had an average of 72 days on market in Nov 2024, up by 144% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 9 homes were sold in East Fairfax; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% 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.