Current Fairfax real estate market statistics for 22033 are below which are updated by the 12th of each month, please visit anytime to track housing real estate trends. These are interactive charts and criteria that can be remove and add by clicking on the legend below the graph. The 22033 zip code includes Fair Oaks, Fair Lakes, Franklin Glen, Greenbriar, and Fair Oaks Estates to just name a few.
These are what I consider some of the more important Fairfax real estate market statistics for 22033 to help gauge overall trends in residential home sales. There are also brief overviews of each graph to help explain the reason it has been included and its importance to the market statistics for Fairfax.
Fairfax Real Estate Market Gauge for 22033:
22033 Market Activity:
This graph shows the current supply (active listings) and demand (closed sales) of the Fairfax real estate market over the last 12 months in 22033. Also included are the number of new listings on the market and pending listings, which are the homes under contract. This information is useful to Fairfax home sellers and Fairfax home buyers to understand the current market trends and price pressures. The smaller the difference between the active listings in Fairfax (yellow line) and the sold listings in Fairfax (blue line) the more we are in a sellers market in 22033. This can cause a pressure for prices to increase.
Median Sold Price in 22033:
Below is the median sold price over the last three years for Detached Homes, Town Homes, and condos in the Fairfax real estate market of 22033. This can give the current price trend to home sellers and buyers to gauge the general direction of prices. Over pricing a home in Northern VA can cause it 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 may leave money on the table. At times 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 22033:
Correctly pricing a home anywhere in Northern VA is critical to home sellers to net the most money while avoiding a stale listing distinction. Here 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 22033. Here is a great article with even further information on pricing a home to sell, 5 Strategies for pricing a Home to Sell. These graphs are broken down into price ranges since often different price ranges 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)
22033 Supply of Homes, in Months:
Here are the number of months it would take to sell the current inventory of homes in Fairfax 22033 which are broken down into price ranges. This is a good thermometer of each price range in the 22033 residential real estate market. 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 22033
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