$3,266 Closing Credit*
$275,000
864 SqFt
2 Beds
•1 Full Bath
Candice Southard, Listing Office: RE/MAX Gateway
Is West Fairfax, 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, West Fairfax has remained a Seller's Market.
Key Takeaway
West Fairfax is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Fairfax, VA
How much do homes in West Fairfax, VA cost?
Median Sold Price
$420,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,100(+9.1%)
Key Takeaway
Homes in West Fairfax have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in West Fairfax was $420,000 in October 2024, up 9.1% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $329K | $315K | -4.3% |
| 3 Bedrooms | $359.9K | $365K | +1.4% |
| 4 Bedrooms | $440K | $463.9K | +5.4% |
| 5+ Bedrooms | $490K | $480K | -2.0% |
Summary: West Fairfax 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 decreased by 4.3%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
| Salem | $300K | $341.6K | +13.9% |
| West Fairfax | $384.9K | $420K | +9.1% |
| Culpeper | $420.2K | $456.5K | +8.6% |
| Cedar Mountain | $450K | $484.9K | +7.8% |
| East Fairfax | $390K | $416K | +6.7% |
Housing Supply in West Fairfax, VA
How many homes are available in West Fairfax, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 36 | +12.5% |
Summary: The West Fairfax real estate market had 36 homes for sale in October 2024, a 12.5% 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 | 2 | 5 | +150.0% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 14 | 18 | +28.6% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The West Fairfax 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 150%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Fairfax, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in West Fairfax in October 2024, down by 10.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 13 Days | +35.6% |
Summary: Homes in West Fairfax had an average of 13 days on market in Oct 2024, up by 35.6% compared to last year.
Breakdown of Home Sale Times
8 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 West Fairfax are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in West Fairfax; 89% of homes were sold within 30 days, 11% 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.