$6,234 Closing Credit*
$525,000
1,290 SqFt
2 Beds
•2 Full Baths
Sarah A. Reynolds, Listing Office: Keller Williams Chantilly Ventures
Is Fairlington, 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, 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
$439/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,500(+5.5%)
Key Takeaway
Homes in Fairlington have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Fairlington was $565,000 in November 2024, up 5.5% from last year, and the median price per square foot was $439.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $351.9K | +0.6% |
| 2 Bedrooms | $540K | $596.2K | +10.4% |
| 3 Bedrooms | $680K | $710K | +4.4% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Fairlington housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 4.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Fairlington | $535.5K | $565K | +5.5% |
| South Fairlington | $592.5K | $609.5K | +2.9% |
| North Fairlington | $537.5K | $550K | +2.3% |
Housing Supply in Fairlington, VA
How many homes are available in Fairlington, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 19 | -24.0% |
Summary: The Fairlington real estate market had 19 homes for sale in November 2024, a 24.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 3 | -50.0% |
| 2 Bedrooms | 17 | 13 | -23.5% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fairlington housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 23.5%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairlington, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Fairlington in November 2024, down by 35.7% month-over-month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 16 Days | -12.3% |
Summary: Homes in Fairlington had an average of 16 days on market in Nov 2024, down by 12.3% compared to last year.
Breakdown of Home Sale Times
8 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 November 2024, 9 homes were sold in Fairlington; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
