Coming soon
$6,769 Closing Credit¹
gisele ibrahim, Listing Office: Keller Williams Realty
Fairfax County Housing Market Report December 2024•Fairfax County, Virginia
Housing Prices in Fairfax County, VA
How much do homes in Fairfax County, VA cost?
Housing Market Conditions
Is Fairfax County, VA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Fairfax County is a Seller's Market
Difference Since December 2023
Since last year, Fairfax County has remained a Seller's Market.
Insight
Fairfax County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$722,210$349/SqFt
+$47,105
+7.0%
Based on all homes sold in the last 12 months
Insight
Homes in Fairfax County have sold for 7% more than they did a year ago.
Summary: The median home sold price in Fairfax County was $722,210 in December 2024, up 7% from last year, and the median price per square foot was $349.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Prince William County | $520.3K | $562.8K | +8.2% |
| Fairfax County | $675.1K | $722.2K | +7.0% |
| Arlington County | $733.8K | $773.8K | +5.5% |
| Montgomery County | $580.6K | $609.3K | +4.9% |
| Prince George's County | $419.9K | $430K | +2.4% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $264.6K | $285.2K | +7.8% |
| 22 Bedrooms | $381.1K | $409.5K | +7.4% |
| 33 Bedrooms | $599.8K | $635.2K | +5.9% |
| 44 Bedrooms | $808.5K | $870.4K | +7.7% |
| 55+ Bedrooms | $1.1M | $1.2M | +8.0% |
Summary: Fairfax County housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +7.8%. The home price for 2 bedroom homes increased by +7.4%. The home price for 3 bedroom homes increased by +5.9%. The home price for 4 bedroom homes increased by +7.7%. The home price for 5 bedroom homes increased by +8.0%.
Housing supply in Fairfax County, VA
How many homes are available in Fairfax County, VA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 2,027Last MonthDec 2024 | ||
| 2,3212 months agoNov 2024 | -12.7 % Change MoMNov – Dec |
Summary: The Fairfax County real estate market had 2,027 homes for sale in Dec 2024, a 12.7 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 758Last MonthDec 2024 | ||
| 8302 months agoNov 2024 | -8.7 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 139 | 125 | -10.1% |
| 22 Bedrooms | 431 | 390 | -9.5% |
| 33 Bedrooms | 653 | 539 | -17.5% |
| 44 Bedrooms | 561 | 473 | -15.7% |
| 55+ Bedrooms | 537 | 500 | -6.9% |
Summary: Fairfax County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -10.1%. The inventory for 2 bedroom homes decreased by -9.5%. The inventory for 3 bedroom homes decreased by -17.5%. The inventory for 4 bedroom homes decreased by -15.7%. The inventory for 5 bedroom homes decreased by -6.9%.
Asking Price vs. Sold Price
How much do homes in Fairfax County, VA cost?
Over Asking Price285 Homes
At Asking Price208 Homes
Under Asking Price265 Homes
Insight
If you're buying a home in Fairfax County, you could pay more than the asking price. 37.6% of homes here sold above asking price last month.
Summary: A total of 758 homes were sold or pending in Fairfax County in December 2024, down by 8.7% month-over-month. Of the 758 sold homes, 35% were sold under asking, 27% were sold at asking, and and 38% were sold over asking.
Days on Market for Fairfax County, VA
How long does it take to sell a home in Fairfax County, VA?
Breakdown of Home Sale Times
Under 30 Days546 Homes
30 – 90 Days174 Homes
Over 90 Days38 Homes
Insight
Many homes in Fairfax County are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 758 homes were sold in Fairfax County; 72% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 26 DaysThis YearDec 2024 | ||
| 22 Days1 year agoDec 2023 | +14.0 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Fairfax County had an average listing age of 26 days in Dec 2024, up by 14.0% compared to the previous year.
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Newest Listings in Fairfax County, VA
What homes are available in Fairfax County, VA?
Coming soon
$9,500 Closing Credit¹
Lori A Boyle, Listing Office: Keller Williams Realty
Coming soon
$8,194 Closing Credit¹
Gerald A Hodges Sr., Listing Office: RE/MAX Distinctive Real Estate, Inc.
Coming soon
$10,000 Closing Credit¹
Paige Patterson, Listing Office: TTR Sotheby's International Realty
Coming soon
$6,228 Closing Credit¹
Greg M Culbertson, Listing Office: RE/MAX Allegiance
Coming soon
$9,488 Closing Credit¹
Brooke Turner, Listing Office: Pearson Smith Realty, LLC
Coming soon
$7,066 Closing Credit¹
Inhee Yoo, Listing Office: Fairfax Realty Select
Coming soon
$10,000 Closing Credit¹
Michele B Moravitz, Listing Office: CENTURY 21 New Millennium
New - 5 hours on Rocket
$6,947 Closing Credit¹
Jennifer S Smira, Listing Office: Compass
Coming soon
$6,175 Closing Credit¹
Angel Arturo Cruz Jr., Listing Office: Compass
New - 5 hours on Rocket
$4,036 Closing Credit¹
Pushpa Mittal, Listing Office: Weichert, REALTORS
Coming soon
$7,303 Closing Credit¹
Dustin Fox, Listing Office: Samson Properties
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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: 1/17/2025, 11:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.