Is Fairfax, VA 22034 a buyer’s or seller’s market?
Fairfax is a seller’s market. With about 1.1 months of supply and 43% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 95% of U.S. ZIP codes, and #7 of 362 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending July 31, 2026. See the breakdown
The Fairfax housing market right now
In the three months ending August 31, 2026, 43% of homes in Fairfax, VA 22034 sold above their list price, the typical home went under contract in 19 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 14 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (41% then), homes sold faster (24 days then) and the median sale price rose 9% to $1,311,932. Overall, Fairfax is more competitive than a year ago, so tougher for buyers.
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Where Fairfax is
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Questions about Fairfax real estate
Is Fairfax a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Fairfax, VA 22034 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Fairfax?
The typical home went under contract in 19 days in the latest three months.
Do homes in Fairfax sell over asking?
43% of homes sold above their original list price, and the typical sale closed at 100.6% of the list price.
What is the median home price in Fairfax?
The median sale price was $1,311,932 in the three months ending August 31, 2026, about $360 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology