Is Fairfax, VA 22031 a buyer’s or seller’s market?

The Fairfax housing market right now

In the three months ending August 31, 2026, 42% of homes in Fairfax, VA 22031 sold above their list price, the typical home went under contract in 30 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 92 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 31%, homes sold about as fast and the median sale price fell 12% to $738,356. Overall, Fairfax is more competitive than a year ago, so tougher for buyers.

Within Fairfax County, homes here sell faster than in 80% of the county’s ZIP codes, and sell more often over asking than in 68%. On our competition score, Fairfax ranks #69 of 358 VA ZIP codes with enough sales (score 74 out of 100).

Nearby, buyers who want less competition could look at Falls Church 22041 (16% sold over asking) or Mc Lean 22102 (18% sold over asking), while Dunn Loring 22027 (75% sold over asking) and Springfield 22153 (54% sold over asking) are even more competitive.