$5,178 Closing Credit*
$436,000
2,220 SqFt
4 Beds
•2 Full Baths
Karen Carpenter, Listing Office: Berkshire Hathaway HomeServices PenFed Realty
Is Fauquier County, 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, Fauquier County has remained a Seller's Market.
Key Takeaway
Fauquier County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fauquier County, VA
How much do homes in Fauquier County, VA cost?
Median Sold Price
$598,928
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$43,695(+7.9%)
Key Takeaway
Homes in Fauquier County have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Fauquier County was $598,928 in October 2024, up 7.9% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $314.9K | $312.5K | -0.8% |
| 2 Bedrooms | $305K | $365K | +19.7% |
| 3 Bedrooms | $479K | $489.3K | +2.2% |
| 4 Bedrooms | $626.6K | $699.9K | +11.7% |
| 5+ Bedrooms | $770K | $829K | +7.7% |
Summary: Fauquier County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 19.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Counties
| Fauquier County | $555.2K | $598.9K | +7.9% |
| Prince William County | $515.5K | $554.9K | +7.6% |
| Culpeper County | $444.4K | $476.7K | +7.3% |
| Warren County | $360K | $384.7K | +6.9% |
| Rappahannock County | $525K | $538.9K | +2.6% |
Housing Supply in Fauquier County, VA
How many homes are available in Fauquier County, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 357 | 380 | +6.4% |
Summary: The Fauquier County real estate market had 380 homes for sale in October 2024, a 6.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 21 | 26 | +23.8% |
| 3 Bedrooms | 145 | 145 | 0.0% |
| 4 Bedrooms | 114 | 125 | +9.6% |
| 5+ Bedrooms | 77 | 83 | +7.8% |
Summary: The Fauquier County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 23.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 7.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 85 | 106 | +24.7% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fauquier County, you could pay more than the asking price. 37.7% of homes here sold above asking price last month.
Summary: A total of 106 homes were sold or pending in Fauquier County in October 2024, up by 24.7% month-over-month. Of the 106 sold homes, 33% were sold under asking, 29% were sold at asking, and 38% were sold over asking.
Days on Market for Fauquier County, VA
How long does it take to sell a home in Fauquier County, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 34 Days | +39.7% |
Summary: Homes in Fauquier County had an average of 34 days on market in Oct 2024, up by 39.7% compared to last year.
Breakdown of Home Sale Times
70 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fauquier County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 106 homes were sold in Fauquier County; 66% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
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