Is Fairfield, VA 24435 a buyer’s or seller’s market?
Fairfield is a seller’s market. With about 3.7 months of supply and 14% 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 Fairfield housing market right now
In the three months ending August 31, 2026, 14% of homes in Fairfield, VA 24435 sold above their list price, the typical home went under contract in 29 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 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 about as fast and the median sale price fell 15% to $478,793. Overall, Fairfield is more competitive than a year ago, so tougher for buyers.
Within Rockbridge County, homes here sell more slowly than in 57% of the county’s ZIP codes, and sell more often over asking than in 63%.
Nearby, buyers who want less competition could look at Natural Bridge Station 24579 (0% sold over asking) or Vesuvius 24483 (0% sold over asking), while Glasgow 24555 (40% sold over asking) and Rockbridge Baths 24473 (25% sold over asking) are even more competitive.
Run the numbers for 24435
Nearby markets
Buena Vista 24416Seller’s market $150 /sq ftGlasgow 24555Seller’s market $158 /sq ftGoshen 24439Buyer’s market $257 /sq ftLexington 24450Seller’s market $225 /sq ft Browse all markets →Towns like Fairfield nearby
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Questions about Fairfield real estate
Is Fairfield a buyer’s or seller’s market?
A seller’s market: there were 3.7 months of supply in Fairfield, VA 24435 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 Fairfield?
The typical home went under contract in 29 days in the latest three months.
Do homes in Fairfield sell over asking?
14% of homes sold above their original list price, and the typical sale closed at 98.0% of the list price.
What are property taxes in Fairfield?
About 0.60% of a home’s value a year in Rockbridge County, or roughly $2,400 on a $400,000 home.
What is the median home price in Fairfield?
The median sale price was $478,793 in the three months ending August 31, 2026, about $218 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