$5,831 Closing Credit*
$491,000
3,094 SqFt
4 Beds
•3 Full Baths, 1 Partial
Theresa Cooksley, Listing Office: 1Simple Realty LLC
Is West Fairfax, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, West Fairfax was a Seller's Market.
Key Takeaway
West Fairfax is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Fairfax, VA
How much do homes in West Fairfax, VA cost?
Median Sold Price
$420,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,000(+10.5%)
Key Takeaway
Homes in West Fairfax have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in West Fairfax was $420,000 in November 2024, up 10.5% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $329K | $315K | -4.3% |
| 3 Bedrooms | $359.9K | $365K | +1.4% |
| 4 Bedrooms | $440.5K | $464.4K | +5.4% |
| 5+ Bedrooms | $495K | $480K | -3.0% |
Summary: West Fairfax housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 3%.
Median Sold Price Compared To Nearby Cities
| West Fairfax | $380K | $420K | +10.5% |
| Culpeper | $420.5K | $456.7K | +8.6% |
| Salem | $305K | $329.1K | +7.9% |
| Cedar Mountain | $450K | $484.9K | +7.8% |
Housing Supply in West Fairfax, VA
How many homes are available in West Fairfax, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 32 | -11.1% |
Summary: The West Fairfax real estate market had 32 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The West Fairfax 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 40%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 2 | -80.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Fairfax, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in West Fairfax in November 2024, down by 80.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for West Fairfax, VA
How long does it take to sell a home in West Fairfax, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 5 Days | -85.2% |
Summary: Homes in West Fairfax had an average of 5 days on market in Nov 2024, down by 85.2% compared to last year.
Breakdown of Home Sale Times
2 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 West Fairfax are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in West Fairfax; 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.
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.