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FOCUS ON: WEST FAIRFAX HOUSING MARKET |
JUNE 2025 |
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Zip Code(s): 22033 |
Units Sold
51 |
Active Inventory
45 |
Median Sale Price
$712,500 |
Days On Market
16 |
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Up 34%
Vs. Year Ago |
Down -10%
Vs. Year Ago |
Down -1%
Vs. Year Ago |
Up 60%
Vs. Year Ago |
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Units Sold
There was an increase in total units sold in June, with 51 sold this month in West Fairfax Real Estate versus 42 last month, an increase of 21%. This month's total units sold was higher than at this time last year, an increase of 34% versus June 2024.
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Active Inventory
Versus last year, the total number of homes available this month is lower by 5 units or 10%. The total number of active inventory this June was 45 compared to 50 in June 2024. This month's total of 45 is lower than the previous month's total supply of available inventory of 73, a decrease of 38%.
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Median Sale Price
Last June, the median sale price for West Fairfax Homes was $717,500. This June, the median sale price was $712,500, a decrease of 1% or $5,000 compared to last year. The current median sold price is 2% higher than in May.
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
32 |
Current Contracts
50 |
Sold Vs. List Price
101.0% |
Months of Supply
0.9 |
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Down -37%
Vs. Year Ago |
Up 9%
Vs. Year Ago |
Down -3.4%
Vs. Year Ago |
Down -33%
Vs. Year Ago |
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Months of Supply
In June, there was 0.9 months of supply available in West Fairfax, compared to 1.3 in June 2024. That is a decrease of 33% 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 32 homes newly listed for sale in West Fairfax compared to 51 in June 2024, a decrease of 37%. There were 50 current contracts pending sale this June compared to 46 a year ago. The number of current contracts is 9% higher than last June.
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Sale Price to List Price Ratio
In June, the average sale price in West Fairfax was 101.0% of the average list price, which is 3.5% 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 10, an increase of 60%.
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West Fairfax are defined as properties listed in zip code/s 22033. |
*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. |