The Long & Foster Market Minute

FOCUS ON: FAUQUIER COUNTY HOUSING MARKET MARCH 2025

Units Sold
68
Active Inventory
153
Median Sale Price
$718,750
Days On Market
48
Down -7%
Vs. Year Ago
Up 6%
Vs. Year Ago
Up 30%
Vs. Year Ago
Up 2%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 68 sold this month in Fauquier County Real Estate. This month's total units sold was lower than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is higher by 8 units or 6%. The total number of active inventory this March was 153 compared to 145 in March 2024. This month's total of 153 is lower than the previous month's total supply of available inventory of 165, a decrease of 7%.

Median Sale Price
Last March, the median sale price for Fauquier County Homes was $555,000. This March, the median sale price was $718,750, an increase of $163,750 compared to last year. The current median sold price is 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
96
Current Contracts
94
Sold Vs. List Price
99.3%
Months of Supply
2.3
Down -13%
Vs. Year Ago
Up 8%
Vs. Year Ago
Up 0.8%
Vs. Year Ago
Up 13%
Vs. Year Ago

Months of Supply
In March, there was 2.3 months of supply available in Fauquier County, compared to 2.0 in March 2024. That is an increase of 13% 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 96 homes newly listed for sale in Fauquier County compared to 110 in March 2024, a decrease of 13%. There were 94 current contracts pending sale this March compared to 87 a year ago. The number of current contracts is 8% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Fauquier County was 99.3% of the average list price, which is 0.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 48, higher than the average last year, which was 47, an increase of 2%.

The Long & Foster Market Minute
*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.
REALTOR, Equal Opportunity HousingInformation 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.