New - 6 hours on Rocket
$4,976 Closing Credit¹
Nancy J Ricks, Listing Office: Realty Pros
Fairlawn Housing Market Report December 2024•District of Columbia County, District of Columbia
Housing Prices in Fairlawn, DC
How much do homes in Fairlawn, DC cost?
Housing Market Conditions
Is Fairlawn, DC a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Fairlawn is a Seller's Market
Difference Since December 2023
At the same time last year, Fairlawn was a Buyer's Market.
Insight
Fairlawn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$375,000$267/SqFt
-$40,000
-9.6%
Based on all homes sold in the last 12 months
Insight
Homes in Fairlawn have sold for 9.6% less than they did a year ago.
Summary: The median home sold price in Fairlawn was $375,000 in December 2024, down 9.6% from last year, and the median price per square foot was $267.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Southeast | $463.8K | $497.2K | +7.2% |
| Fairlawn | $415K | $375K | -9.6% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $265K | N/A |
| 22 Bedrooms | $403.9K | $287.2K | -28.9% |
| 33 Bedrooms | $387.5K | $380K | -1.9% |
| 44 Bedrooms | $560K | $515K | -8.0% |
| 55+ Bedrooms | $550K | - | N/A |
Summary: Fairlawn housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -28.9%. The home price for 3 bedroom homes decreased by -1.9%. The home price for 4 bedroom homes decreased by -8.0%. The home price for 5 bedroom homes did not change.
Housing supply in Fairlawn, DC
How many homes are available in Fairlawn, DC?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 50Last MonthDec 2024 | ||
| 522 months agoNov 2024 | -3.8 % Change MoMNov – Dec |
Summary: The Fairlawn real estate market had 50 homes for sale in Dec 2024, a 3.8 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 9Last MonthDec 2024 | ||
| 62 months agoNov 2024 | +50.0 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 4 | 3 | -25.0% |
| 22 Bedrooms | 17 | 16 | -5.9% |
| 33 Bedrooms | 19 | 20 | +5.3% |
| 44 Bedrooms | 11 | 10 | -9.1% |
| 55+ Bedrooms | 1 | 1 | 0.0% |
Summary: Fairlawn housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -25.0%. The inventory for 2 bedroom homes decreased by -5.9%. The inventory for 3 bedroom homes increased by +5.3%. The inventory for 4 bedroom homes decreased by -9.1%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Fairlawn, DC cost?
Over Asking Price2 Homes
At Asking Price4 Homes
Under Asking Price3 Homes
Insight
If you're buying a home in Fairlawn, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Fairlawn in December 2024, up by 50.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and and 22% were sold over asking.
Days on Market for Fairlawn, DC
How long does it take to sell a home in Fairlawn, DC?
Breakdown of Home Sale Times
Under 30 Days3 Homes
30 – 90 Days5 Homes
Over 90 Days1 Home
Insight
Avg time on Rocket Homes in Fairlawn has remained consistent over time.
Summary: During December 2024, 9 homes were sold in Fairlawn; 33% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 41 DaysThis YearDec 2024 | ||
| 28 Days1 year agoDec 2023 | +49.6 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Fairlawn had an average listing age of 41 days in Dec 2024, up by 49.6% compared to the previous year.
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Newest Listings in Fairlawn, DC
What homes are available in Fairlawn, DC?
New - 4 days on Rocket
$10,000 Closing Credit¹
Phillip Gentile, Listing Office: Vylla Home
$7,219 Closing Credit¹
Chad E Craig, Listing Office: Keller Williams Preferred Properties
Backup offers
$3,563 Closing Credit¹
Abel M Gebremichael, Listing Office: Keller Williams Capital Properties
$6,886 Closing Credit¹
Taelor Salmon, Listing Office: Coldwell Banker Realty - Washington
$3,088 Closing Credit¹
Larhonde Leffyear-Patterson, Listing Office: The Real Estate Store
$4,441 Closing Credit¹
Nicola C Taylor, Listing Office: EXP Realty, LLC
Backup offers
$5,936 Closing Credit¹
Dina V Shaminova, Listing Office: TTR Sothebys International Realty
$5,936 Closing Credit¹
Dina V Shaminova, Listing Office: TTR Sothebys International Realty
Backup offers
$3,088 Closing Credit¹
Beverly B. Goodwin, Listing Office: Brysis Realty International
$10,000 Closing Credit¹
James Powell, Listing Office: Coldwell Banker Realty - Washington
$4,441 Closing Credit¹
Nicola C Taylor, Listing Office: EXP Realty, LLC
Popular Cities with Homes for Sale in District of Columbia
MLS Disclaimers and Copyright
Based on information from BrightMLS, for the period 01/01/2023 - 01/01/2025
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/24/2025, 7:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.