$10,000 Closing Credit*
$934,990
2,474 SqFt
3 Beds
•2 Full Baths, 1 Partial
Shawn M Evans, Listing Office: Monument Sotheby's International Realty
Is Fairfax Station, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Fairfax Station has remained a Seller's Market.
Key Takeaway
Fairfax Station is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairfax Station, VA
How much do homes in Fairfax Station, VA cost?
Median Sold Price
$942,500
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$57,500(+6.5%)
Key Takeaway
Homes in Fairfax Station have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Fairfax Station was $942,500 in November 2024, up 6.5% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $575K | $605K | +5.2% |
| 4 Bedrooms | $895.5K | $972.5K | +8.6% |
| 5+ Bedrooms | $1.0M | $1.3M | +22.8% |
Summary: Fairfax Station housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 22.8%.
Housing Supply in Fairfax Station, VA
How many homes are available in Fairfax Station, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 28 | -17.6% |
Summary: The Fairfax Station real estate market had 28 homes for sale in November 2024, a 17.6% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Fairfax Station 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 decreased by 13.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairfax Station, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Fairfax Station in November 2024, down by 11.1% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Fairfax Station, VA
How long does it take to sell a home in Fairfax Station, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 40 Days | +198.5% |
Summary: Homes in Fairfax Station had an average of 40 days on market in Nov 2024, up by 198.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fairfax Station are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Fairfax Station; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
