$7,363 Closing Credit*
$620,000
1,500 SqFt
2 Beds
•2 Full Baths
Linda Murphy, Listing Office: Corcoran McEnearney
Is Fairlington, 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, 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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $389.9K | +11.4% |
| 2 Bedrooms | $540K | $580K | +7.4% |
| 3 Bedrooms | $680K | $706.2K | +3.9% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | 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 | $525K | $565K | +7.6% |
| South Fairlington | $570K | $601K | +5.4% |
Housing Supply in Fairlington, VA
How many homes are available in Fairlington, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 26 | -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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 24 | 18 | -25.0% |
| 3 Bedrooms | 5 | 1 | -80.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 14 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
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.
