The Current Fairfax real estate market statistics for 22031 are below and our continuously updated by the 12th of each month, please visit anytime to review the housing real estate trends. These charts are interactive and criteria can be remove and add by clicking on the legend below the graph. The zip code 22031 includes the Mosaic District, Mantua Hills, Metro West, Pine Ridge, and the condo’s at The Halstead At The Metro to just name a few of the 22031 communities.
I consider these graphs some of the more important Fairfax real estate market statistics for the 22031 zip code to help gauge overall trends in residential home sales. 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 22031:
22031 Market Activity:
This graph offers the current supply (active listings) and demand (closed sales) of the real estate market in Fairfax over the last 12 months in 22031. Included are the number of new listings on the market and pending listings, which are the homes under contract. These statistics are useful to Fairfax home sellers and Fairfax home buyers to understand the market trends and price pressures currently taking place. The smaller the difference between the active listings in 22031 (yellow line) and the sold listings in 22031 (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 22033:
Here you will find the median sold price over the last three years for condos, Detached Homes, and Town Homes, in the Fairfax real estate market of 22031. This offers the current price trend to home sellers and buyers to gauge the general trend of prices. 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 22031:
Pricing a home correctly in Northern VA is critical to home sellers to net the most money while avoiding the distinction of a stale listing. Here is the percentage of list price to sold price ratio to determine what the average home buyer is currently negotiating from list price in 22031. Here is a great article with information on pricing a home to sell, 5 Strategies for pricing a Home to Sell. These graphs are broken down into price ranges and is done so since different price ranges often can have 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:
Below are the number of months it would take to sell the current inventory of homes in 22031 and broken down into price ranges. This is a good thermometer of each price range in the 22031 residential real estate market in Fairfax. Breaking these results into price ranges paints a different picture for a $450k home as compared to a 1 million dollar home. A general rule of thumb is, the higher the price of a home the longer it takes to sell.
All Fairfax Homes For Sale in 22031
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