FAIRFAX HOUSING MARKET DATA

There was a decrease in total units sold in March, with 106 sold this month in Fairfax Real Estate versus 111 last month, a decrease of 5%. This month's total units sold was higher than at this time last year, an increase of 6% versus March 2024.

Versus last year, the total number of homes available this month is higher by 3 units or 2%. The total number of active inventory this March was 158 compared to 155 in March 2024. This month's total of 158 is lower than the previous month's total supply of available inventory of 182, a decrease of 13%.

Last March, the median sale price for Fairfax Homes was $727,250. This March, the median sale price was $805,500, an increase of 11% or $78,250 compared to last year. The current median sold price is 7% 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.

In March, there was 1.5 months of supply available in Fairfax. The amount of supply is similar compared to 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 174 homes newly listed for sale in Fairfax compared to 193 in March 2024, a decrease of 10%. There were 179 current contracts pending sale this March compared to 158 a year ago. The number of current contracts is 13% higher than last March.

In March, the average sale price in Fairfax was 101.8% of the average list price, which is 1.8% lower than at this time last year.

This month, the average number of days on market was 12, higher than the average last year, which was 10, an increase of 20%.





FOCUS ON: FAIRFAX HOUSING MARKET			MARCH 2025

Zip Code(s): 22033, 22032, 22031 and 22030
Units Sold 106	Active Inventory 158	Median Sale Price $805,500	Days On Market 12

Up 6% Vs. Year Ago	Up 2% Vs. Year Ago	Up 11% Vs. Year Ago	Up 20% Vs. Year Ago


		Units Sold There was a decrease in total units sold in March, with 106 sold this month in Fairfax Real Estate versus 111 last month, a decrease of 5%. This month's total units sold was higher than at this time last year, an increase of 6% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 3 units or 2%. The total number of active inventory this March was 158 compared to 155 in March 2024. This month's total of 158 is lower than the previous month's total supply of available inventory of 182, a decrease of 13%.
		Median Sale Price Last March, the median sale price for Fairfax Homes was $727,250. This March, the median sale price was $805,500, an increase of 11% or $78,250 compared to last year. The current median sold price is 7% 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.



New Listings 174	Current Contracts 179	Sold Vs. List Price 101.8%	Months of Supply 1.5

Down -10% Vs. Year Ago	Up 13% Vs. Year Ago	Down -1.7% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In March, there was 1.5 months of supply available in Fairfax. The amount of supply is similar compared to 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 174 homes newly listed for sale in Fairfax compared to 193 in March 2024, a decrease of 10%. There were 179 current contracts pending sale this March compared to 158 a year ago. The number of current contracts is 13% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Fairfax was 101.8% of the average list price, which is 1.8% lower than at this time last year. Days on Market This month, the average number of days on market was 12, higher than the average last year, which was 10, an increase of 20%.


	Fairfax are defined as properties listed in zip code/s 22033, 22032, 22031 and 22030.
	*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.