$4,749 Closing Credit*
$399,900
2,100 SqFt
3 Beds
•3 Full Baths, 1 Partial
Chrissy Wright, Listing Office: Paragon Property Management 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 October 2023
Since last year, 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
$416,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,000(+6.7%)
Key Takeaway
Homes in East Fairfax have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in East Fairfax was $416,000 in October 2024, up 6.7% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $269K | $272K | +1.1% |
| 3 Bedrooms | $327K | $375K | +14.7% |
| 4 Bedrooms | $433K | $470K | +8.5% |
| 5+ Bedrooms | $510.3K | $499.9K | -2.0% |
Summary: East Fairfax housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
| Catalpa | $435K | $520K | +19.5% |
| West Fairfax | $384.9K | $420K | +9.1% |
| Culpeper | $420.2K | $456.5K | +8.6% |
| Cedar Mountain | $450K | $484.9K | +7.8% |
| East Fairfax | $390K | $416K | +6.7% |
Housing Supply in East Fairfax, VA
How many homes are available in East Fairfax, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 27 | 0.0% |
Summary: The East Fairfax real estate market had 27 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The East Fairfax housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 5 | -54.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Fairfax, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in East Fairfax in October 2024, down by 54.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 23 Days | -35.6% |
Summary: Homes in East Fairfax had an average of 23 days on market in Oct 2024, down by 35.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 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 October 2024, 5 homes were sold in East Fairfax; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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