Is Fairlington, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairlington is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Fairlington has remained a Seller's Market.

Key Takeaway

Fairlington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Fairlington, VA

How much do homes in Fairlington, VA cost?

Median Sold Price

$565,000

$435/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$40,000(+7.6%)

Key Takeaway

Homes in Fairlington have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Fairlington was $565,000 in October 2024, up 7.6% from last year, and the median price per square foot was $435.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $350K$389.9K
+11.4%
2 $540K$580K
+7.4%
3 $680K$706.2K
+3.9%
4 --
N/A
5+ --
N/A

Summary: Fairlington housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.4%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 3.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Fairlington
+7.6%
South Fairlington
+5.4%

Housing Supply in Fairlington, VA

How many homes are available in Fairlington, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3626-27.8%

Summary: The Fairlington real estate market had 26 homes for sale in October 2024, a 27.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 77
0.0%
2 2418
-25.0%
3 51
-80.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Fairlington 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 decreased by 25%, 3 bedroom homes decreased by 80%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1714-17.6%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairlington, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Fairlington in October 2024, down by 17.6% month-over-month. Of the 14 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.

Days on Market for Fairlington, VA

How long does it take to sell a home in Fairlington, VA?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days14 Days-25.7%

Summary: Homes in Fairlington had an average of 14 days on market in Oct 2024, down by 25.7% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fairlington are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 14 homes were sold in Fairlington; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Fairlington, VA

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