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Your Executive Summary Market Report for FAIRFAX, VA (Single-family Residences).
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| Real-Time Market Profile |
Trend |
|---|
| Median List Price |
$699,900 |
 |
| Asking Price Per Square Foot |
$279 |
 |
| Average Days on Market (DOM) |
77 |
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| Percent of Properties with Price Decrease |
55.03% |
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| Percent Relisted (reset DOM) |
22.22% |
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| Percent Flip (Price Increased) |
2.65% |
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| Median House Size (sq ft) |
2,517 |
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| Median Lot Size |
0.34 acres |
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| Median Number of Bedrooms |
4.0 |
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| Median Number of Bathrooms |
3.0 |
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| Market Action Index (MAI)* |
41.3 |
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| * The Market Action Index answers the question "How's the market?" by measuring the current rate of sale versus the amount of inventory. An index above 30 implies seller's market conditions. Below 30, buyer's. |
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Median Price Trend
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Median MAI* Trend
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Quartiles
Investigate the market in quartiles – where each quartile is 25% of the homes ordered by price.
| Quartile |
Median Price |
Sq. Ft. |
Lot Size |
Beds |
Baths |
Age |
Listings |
New |
DOM |
 |
|---|
| Top/First |
$1,165,000 |
4,368 |
0.83 acres |
5.0 |
4.5 |
11 |
47 |
2 |
105 |
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| Upper/Second |
$789,900 |
3,007 |
0.36 acres |
4.0 |
3.5 |
23 |
47 |
5 |
70 |
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| Lower/Third |
$625,000 |
2,230 |
0.34 acres |
4.0 |
3.0 |
45 |
47 |
6 |
77 |
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| Bottom/Fourth |
$525,000 |
1,955 |
0.27 acres |
4.0 |
2.5 |
54 |
48 |
6 |
49 |
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