Palmer Harned, Realtor®
Palmer Harned
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2016 Real Estate Recap {Fairfax}

Fairfax continues to have a strong, stable market. Over 2,000 homes sold in 2016, with the average sales price at just over $500,000 and the average time on the market at 1 1/2 months. Single family homes in the 22031 zip code were the most expensive at $716,000 and condos in the 22033 zip code were the least expensive at $279,000.

FAIRFAX
Average Sales Price:
Overall – $504,000
Single Family – $638,000
Townhouse – $477,000
Condo – $295,000
Average Days on the Market:
Overall – 46
Single Family – 49
Townhouse – 40
Condo – 49
Homes Sold:
Overall – 2,177
Single Family – 940
Townhouse – 729
Condo – 508

22030
Average Sales Price:
Overall – $518,000
Single Family – $626,000
Townhouse – $495,000
Condo – $315,000
Average Days on the Market:
Overall – 53
Single Family – 59
Townhouse – 45
Condo – 49
Homes Sold:
Overall – 678
Single Family – 326
Townhouse – 202
Condo – 150

22031
Average Sales Price:
Overall – $543,000
Single Family – $716,000
Townhouse – $531,000
Condo – $309,000
Average Days on the Market:
Overall – 51
Single Family – 56
Townhouse – 38
Condo – 65
Homes Sold:
Overall – 386
Single Family – 141
Townhouse – 149
Condo – 96

22032
Average Sales Price:
Overall – $547,000
Single Family – $603,000
Townhouse – $411,000
Condo – N/A
Average Days on the Market:
Overall – 38
Single Family – 41
Townhouse – 30
Condo – N/A
Homes Sold:
Overall – 404
Single Family – 286
Townhouse – 118
Condo – N/A

22033
Average Sales Price:
Overall – $445,000
Single Family – $652,000
Townhouse – $463,000
Condo – $279,000
Average Days on the Market:
Overall – 42
Single Family – 38
Townhouse – 43
Condo – 44
Homes Sold:
Overall – 709
Single Family – 187
Townhouse – 260
Condo – 262

Data is from the Metropolitan Regional Information System (MRIS). Average prices rounded to the nearest $1,000. For more market information or to find out what your home is worth, send an email to palmer@palmerharned.com.

 

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