Fairfax Real Estate Market Statistics for 22030

This months Fairfax real estate market statistics for 22030 are below and are always  updated by the 12th of each month, so please visit anytime to review the housing real estate trends.  These interactive charts allow for the criteria to be remove and add by clicking on the legend below the graph.  The 22030 zip code includes the areas of City of Fairfax, George Mason University, Fairfax Corner, Fairfax Woods, and Colchester Hunt to name a few of the communities in 22030.

These graphs are some of the more important Fairfax real estate market statistics to help gauge overall trends in residential home sales in 22030.  Included are brief overviews of each graph to help explain its importance to the market statistics for this part of Fairfax County.



Fairfax Real Estate Market Gauge for 22030:



22030 Market Activity:

Included below is the current supply (active listings) and demand (closed sales) of the Fairfax real estate market over the last 12 months in 22030.  Included are the total number of new listings on the market and pending listings, which are the homes under contract.   Fairfax home sellers and Fairfax home buyers will find this information useful to understand the current market trends and price pressures.  When the difference between the active listings in 22030 (yellow line) and the sold listings in 22030 (blue line) the more we are in a sellers market in this zip code.  This can cause a pressure for prices to increase.



Median Sold Price in 22030:

This graph shows the median sold price over the last three years for Town Homes, condos, and detached homes in the Fairfax real estate market of 22030.  This offers the current price trends to gauge the general market for home sellers and buyers.  Over pricing a home in Northern VA can cause the listing to sit on the market and become stale, read this article for further information, Why Over Pricing a Home is a Bad Idea.  Conversely homeowners who under price a home will leave money on the table.  This graph may show some spikes which is caused by a low number of home sales in that particular month, but for our purposes we are looking for the overall long term median sales price trend for Fairfax.



Average Home Sales Price vs. List Price Ratio in 22030:

Pricing a home in Northern VA correctly is critical to home sellers to realize the most money while avoiding the stale listing distinction.  Below you will find the percentage of  list price to sold price ratio to determine what the average home buyer is currently negotiating from list price in 22030.  These graphs are broken down into price ranges because different price ranges often can have very different results.  Please keep in mind these are averages and I recommend to consult with an agent on specifics of each individual property.   (Example of Calculation: Ratio of 97.2% means seller and buyer negotiated 2.8% off the list price) (****this does not include any negotiated seller paid closing costs for the buyer)



Supply of Homes, in Months for 22031:

This graph shows the number of months it would take to sell the current inventory of homes in 22030 which is broken down into  price ranges.  This is a good thermometer of each price range in the 22030 residential real estate market in Fairfax.  Breaking these results into price ranges paints a different picture for a $450k home as compared to a 950k home.  A general rule of thumb is, the higher the price of a home the longer it takes to sell.