$7,422 Closing Credit*
$625,000
1,393 SqFt
2 Beds
•2 Full Baths
Michael Philip Stevens, Listing Office: Lake Homes Realty, LLC
Is North 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, North Fairlington has remained a Seller's Market.
Key Takeaway
North Fairlington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Fairlington, VA
How much do homes in North Fairlington, VA cost?
Median Sold Price
$550,000
$434/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,500(+2.3%)
Key Takeaway
Homes in North Fairlington have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in North Fairlington was $550,000 in November 2024, up 2.3% from last year, and the median price per square foot was $434.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $395K | $367.4K | -7.0% |
| 2 Bedrooms | $555K | $590K | +6.3% |
| 3 Bedrooms | $642.5K | $670K | +4.3% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: North Fairlington housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 4.3%, 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% |
| Alexandria West | $335K | $321.3K | -4.1% |
Housing Supply in North Fairlington, VA
How many homes are available in North Fairlington, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Summary: The North Fairlington real estate market had 6 homes for sale in November 2024, a 40.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The North Fairlington housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Fairlington, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in North Fairlington in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for North Fairlington, VA
How long does it take to sell a home in North Fairlington, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 9 Days | 24 Days | +158.5% |
Summary: Homes in North Fairlington had an average of 24 days on market in Nov 2024, up by 158.5% compared to last year.
Breakdown of Home Sale Times
2 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 North Fairlington are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in North Fairlington; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
