Is Faber, VA 22938 a buyer’s or seller’s market?
Faber is a seller’s market. With about 3.2 months of supply and 40% 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.
The Faber housing market right now
In the three months ending August 31, 2026, 40% of homes in Faber, VA 22938 sold above their list price, the typical home went under contract in 14 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (77 days then) and the median sale price fell 1% to $426,815. Overall, Faber is more competitive than a year ago, so tougher for buyers.
Within Nelson County, homes here sell faster than in 86% of the county’s ZIP codes, and sell more often over asking than in 71%.
Nearby, buyers who want less competition could look at Schuyler 22969 (0% sold over asking) or Nellysford 22958 (15% sold over asking), while Lovingston 22949 (100% sold over asking) and Arrington 22922 (50% sold over asking) are even more competitive.
Run the numbers for 22938
Nearby markets
Afton 22920Seller’s market $311 /sq ftArrington 22922Seller’s market $206 /sq ftLovingston 22949Balanced $240 /sq ftNellysford 22958Balanced $242 /sq ft Browse all markets →Where Faber is
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Questions about Faber real estate
Is Faber a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Faber, VA 22938 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 Faber?
The typical home went under contract in 14 days in the latest three months.
Do homes in Faber sell over asking?
40% of homes sold above their original list price, and the typical sale closed at 102.4% of the list price.
What are property taxes in Faber?
About 0.50% of a home’s value a year in Nelson County, or roughly $2,000 on a $400,000 home.
What is the median home price in Faber?
The median sale price was $426,815 in the three months ending August 31, 2026, about $297 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