$439,000
11.06 Acres
Land
Yolanda Colvin, Listing Office: United Real Estate Horizon
Is Fauquier County, 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, 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
$599,625
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$39,625(+7.1%)
Key Takeaway
Homes in Fauquier County have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Fauquier County was $599,625 in November 2024, up 7.1% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $216.5K | $357.5K | +65.1% |
| 2 Bedrooms | $311K | $350K | +12.5% |
| 3 Bedrooms | $475K | $492.5K | +3.7% |
| 4 Bedrooms | $639.1K | $694.8K | +8.7% |
| 5+ Bedrooms | $754K | $835K | +10.7% |
Summary: Fauquier County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 65.1%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Counties
| Prince William County | $516.9K | $560.1K | +8.3% |
| Culpeper County | $444.2K | $478.5K | +7.7% |
| Fauquier County | $560K | $599.6K | +7.1% |
| Rappahannock County | $515K | $550K | +6.8% |
| Warren County | $362.5K | $385K | +6.2% |
Housing Supply in Fauquier County, VA
How many homes are available in Fauquier County, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 378 | 336 | -11.1% |
Summary: The Fauquier County real estate market had 336 homes for sale in November 2024, a 11.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 23 | 20 | -13.0% |
| 3 Bedrooms | 149 | 120 | -19.5% |
| 4 Bedrooms | 127 | 119 | -6.3% |
| 5+ Bedrooms | 78 | 76 | -2.6% |
Summary: The Fauquier County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13%, 3 bedroom homes decreased by 19.5%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 2.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 113 | 87 | -23.0% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fauquier County, you could pay more than the asking price. 40.2% of homes here sold above asking price last month.
Summary: A total of 87 homes were sold or pending in Fauquier County in November 2024, down by 23.0% month-over-month. Of the 87 sold homes, 34% were sold under asking, 25% were sold at asking, and 40% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 32 Days | +2.9% |
Summary: Homes in Fauquier County had an average of 32 days on market in Nov 2024, up by 2.9% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
7 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 November 2024, 87 homes were sold in Fauquier County; 68% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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