All Home Types
Fair Lakes, VA Housing Market
What is the housing market like in Fair Lakes today?
In October 2024, Fair Lakes home prices were down 24.1% compared to last year, selling for a median price of $538K. On average, homes in Fair Lakes sell after 21 days on the market compared to 32 days last year. There were 11 homes sold in October this year, down from 12 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$537,500
-24.1% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Fair Lakes, VA
$537,500
-24.1%
United States
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Fair Lakes Migration & Relocation Trends
In Sep '24 - Nov '24, 18% of Fair Lakes homebuyers searched to move out of Fair Lakes, while 82% looked to stay within the metropolitan area.
- Across the nation, 3% of homebuyers searched to move into Fair Lakes from outside metros.
- Philadelphia homebuyers searched to move into Fair Lakes more than any other metro followed by New York and Hartford.
Where are people moving to Fair Lakes from?
- 82% of Fair Lakes homebuyers searched to stay within the Fair Lakes metropolitan area.
- Salisbury was the most popular destination among Fair Lakes homebuyers followed by Virginia Beach and Harrisburg.
Where are people from Fair Lakes moving to?
Number of People Moving to Fair Lakes
least
most
People are moving to Fair Lakes from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 2,327 | ||
| 2 | 2,017 | ||
| 3 | 1,764 | ||
| 4 | 1,063 | ||
| 5 | 215 | ||
| 6 | 17 | ||
| 7 | 5 | ||
| 8 | 5 | ||
| 9 | 4 | ||
| 10 | 4 | ||
People are leaving Fair Lakes for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 4,673 | ||
| 2 | 2,097 | ||
| 3 | 1,595 | ||
| 4 | 1,339 | ||
| 5 | 1,287 | ||
| 6 | 1,227 | ||
| 7 | 981 | ||
| 8 | 858 | ||
| 9 | 727 | ||
| 10 | 695 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Fair Lakes.
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