$4,452 Closing Credit*
$374,900
2,260 SqFt
Jason C Hinds, Listing Office: Dewitt Real Estate & Auction
Is Fairview Heights, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Fairview Heights was a Seller's Market.
Key Takeaway
Fairview Heights is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Fairview Heights, VA
How much do homes in Fairview Heights, VA cost?
Median Sold Price
$136,950
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$8,050(-5.6%)
Key Takeaway
Homes in Fairview Heights have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in Fairview Heights was $136,950 in October 2024, down 5.6% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $118.2K | $129K | +9.1% |
| 3 Bedrooms | $165K | $160K | -3.0% |
| 4 Bedrooms | $146.2K | $152.4K | +4.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Fairview Heights 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 9.1%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Diamond Hill | $147K | $139.9K | -4.8% |
| Fairview Heights | $145K | $136.9K | -5.6% |
Housing Supply in Fairview Heights, VA
How many homes are available in Fairview Heights, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 24 | +33.3% |
Summary: The Fairview Heights real estate market had 24 homes for sale in October 2024, a 33.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 14 | +40.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fairview Heights 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 increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairview Heights, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Fairview Heights in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Fairview Heights, VA
How long does it take to sell a home in Fairview Heights, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 8 Days | -70.4% |
Summary: Homes in Fairview Heights had an average of 8 days on market in Oct 2024, down by 70.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairview Heights are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Fairview Heights; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
