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| MARCH 2025 | |||
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| Units Sold 22 |
Active Inventory 44 |
Median Sale Price $790,850 |
Days On Market 20 |
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| Up Vs. Year Ago |
Up 47% Vs. Year Ago |
Up 18% Vs. Year Ago |
Up Vs. Year Ago |
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Units Sold
With relatively few transactions, there was an increase in total units sold in March, with 22 sold this month in Fairfax City Real Estate. This month's total units sold was higher than at this time last year, an increase from March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 14 units or 47%. The total number of active inventory this March was 44 compared to 30 in March 2024. This month's total of 44 is lower than the previous month's total supply of available inventory of 49, a decrease of 10%. |
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Median Sale Price
Last March, the median sale price for Fairfax City Homes was $670,000. This March, the median sale price was $790,850, an increase of 18% or $120,850 compared to last year. The current median sold price is 16% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 36 |
Current Contracts 36 |
Sold Vs. List Price 101.9% |
Months of Supply 2.0 |
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| Up 33% Vs. Year Ago |
Up 57% Vs. Year Ago |
Down -1.6% Vs. Year Ago |
Up 27% Vs. Year Ago |
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Months of Supply
In March, there was 2.0 months of supply available in Fairfax City, compared to 1.6 in March 2024. That is an increase of 27% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 36 homes newly listed for sale in Fairfax City compared to 27 in March 2024, an increase of 33%. There were 36 current contracts pending sale this March compared to 23 a year ago. The number of current contracts is 57% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Fairfax City was 101.9% of the average list price, which is 1.7% lower than at this time last year. Days on Market
This month, the average number of days on market was 20, higher than the average last year, which was 10. This increase was impacted by the limited number of sales. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |
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