Affordable Homes For Sale in Fairfax, VA


Affordable homes for sale in Fairfax

Affordable homes for sale in Fairfax, VA are available in a variety of price ranges. In fact, the median price for a home in this Virginia community is $653,750. This is higher than the national median price of $277,796. In addition, more than half of the homes in the area are owned while just 28% are rented. Listed properties include single family homes, townhomes, and condos. You can contact a local real estate agent to arrange a tour and learn more ideas about the available properties.

Home buyers should note that some real estate firms do not participate in IDX, so the information may not be accurate. Additionally, some properties may not be listed on BrightMLS because of inaccurate reporting. Therefore, it is crucial to confirm the accuracy of this information. The information contained on this website is not meant to serve as an investment, but for personal, non-commercial use.

Average listing price of homes for sale in Fairfax

The average listing price for homes for sale in Fairfax, VA, was $665K in September 2022. Homes for sale in Fairfax spend an average of 46 days on the market. They typically receive three offers and sell for about $675K. A home in Fairfax sells for an average of $409 per square foot.

Fairfax homes are moderate in size and typically cost between $500,000 and $700,000. Fairfax, VA real estate is mostly made up of single family homes with two to four bedrooms. These homes tend to be built between the mid-1950s and present. Older homes, such as Victorian and Colonial styles, can be larger and more expensive. The Fairfax community also includes historic buildings and newly built condos.

The average listing price of homes for sale in Fairfax increased by nearly 5 percent last month. This is primarily due to a shortage of inventory. Rising interest rates are also eroding the buying power of consumers. According to Freddie Mac, mortgage rates rose 1.5 percentage points in the past three months, the largest quarterly increase since May 1994. This could make buying a home more difficult for some buyers and keep some from making a final decision.

The Northern Virginia real estate market has been strong for the past few years. It has reverted to its pre-COVID seasonality, meaning home prices are typically higher in the spring and summer, and lower in the fall. Since June, however, prices have declined a bit. As a result, many buyers have turned their attention elsewhere.

Location of homes for sale in Fairfax

If you're considering buying a home in Fairfax, Virginia, you may be wondering where the best places to look are. This upscale city, located just outside of Washington, DC, has plenty to offer. The historic courthouse and numerous Civil War battlefields are just a few of its attractions. In addition, schools in the area are excellent. Real estate agents in the area can help you find a home that fits your needs and budget.

If you're interested in finding a home in Fairfax, VA, you may want to begin by browsing properties for sale in the neighborhood. There are many options in the area, including newer homes and older homes for sale. Many of these properties are close to major highways and amenities.