FAIRFAX CITY HOUSING MARKET DATA

There was an increase in total units sold in July, with 26 sold this month in Fairfax City Real Estate versus 24 last month, an increase of 8%. This month's total units sold was higher than at this time last year, an increase of 8% versus July 2024.

Versus last year, the total number of homes available this month is higher by 27 units or 66%. The total number of active inventory this July was 68 compared to 41 in July 2024. This month's total of 68 is lower than the previous month's total supply of available inventory of 74, a decrease of 8%.

Last July, the median sale price for Fairfax City Homes was $810,750. This July, the median sale price was $782,500, a decrease of 3% or $28,250 compared to last year. The current median sold price is 9% lower than in June.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In July, there was 2.6 months of supply available in Fairfax City, compared to 1.7 in July 2024. That is an increase of 53% 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.

This month there were 34 homes newly listed for sale in Fairfax City compared to 40 in July 2024, a decrease of 15%. There were 26 current contracts pending sale this July compared to 29 a year ago. The number of current contracts is 10% lower than last July.

In July, the average sale price in Fairfax City was 99.7% of the average list price, which is 2.6% lower than at this time last year.

This month, the average number of days on market was 16, higher than the average last year, which was 8. This increase was impacted by the limited number of sales.





FOCUS ON: FAIRFAX CITY HOUSING MARKET			JULY 2025

Units Sold 26	Active Inventory 68	Median Sale Price $782,500	Days On Market 16

Up 8% Vs. Year Ago	Up 66% Vs. Year Ago	Down -3% Vs. Year Ago	Up Vs. Year Ago


		Units Sold There was an increase in total units sold in July, with 26 sold this month in Fairfax City Real Estate versus 24 last month, an increase of 8%. This month's total units sold was higher than at this time last year, an increase of 8% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 27 units or 66%. The total number of active inventory this July was 68 compared to 41 in July 2024. This month's total of 68 is lower than the previous month's total supply of available inventory of 74, a decrease of 8%.
		Median Sale Price Last July, the median sale price for Fairfax City Homes was $810,750. This July, the median sale price was $782,500, a decrease of 3% or $28,250 compared to last year. The current median sold price is 9% lower than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 34	Current Contracts 26	Sold Vs. List Price 99.7%	Months of Supply 2.6

Down -15% Vs. Year Ago	Down -10% Vs. Year Ago	Down -2.6% Vs. Year Ago	Up 53% Vs. Year Ago


		Months of Supply In July, there was 2.6 months of supply available in Fairfax City, compared to 1.7 in July 2024. That is an increase of 53% 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.
New Listings & Current Contracts This month there were 34 homes newly listed for sale in Fairfax City compared to 40 in July 2024, a decrease of 15%. There were 26 current contracts pending sale this July compared to 29 a year ago. The number of current contracts is 10% lower than last July.
		Sale Price to List Price Ratio In July, the average sale price in Fairfax City was 99.7% of the average list price, which is 2.6% lower than at this time last year. Days on Market This month, the average number of days on market was 16, higher than the average last year, which was 8. This increase was impacted by the limited number of sales.



	*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.