Fair Lakes, VA Housing Market
The Fair Lakes housing market is very competitive. The median sale price of a home in Fair Lakes was $475K last month, down 36.7% since last year. The median sale price per square foot in Fair Lakes is $351, up 1.7% since last year.
Fair Lakes Housing Market Trends
In April 2024, Fair Lakes home prices were down 36.7% compared to last year, selling for a median price of $475K. On average, homes in Fair Lakes sell after 25 days on the market compared to 32 days last year. There were 11 homes sold in April this year, up from 11 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Fair Lakes housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 11 days.
- Hot homescan sell for about 4% above list price and go pending in around 4 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 19 days.
- Hot homescan sell for about 5% above list price and go pending in around 3 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 4% above list price and go pending in around 5 days.
- Hot homescan sell for about 9% above list price and go pending in around 3 days.
Fair Lakes Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Fair Lakes from outside metros.
- New York homebuyers searched to move into Fair Lakes more than any other metro followed by Hartford and Atlanta.
- 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 Miami.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 3,393 | ||
2 | 1,561 | ||
3 | 642 | ||
4 | 348 | ||
5 | 314 | ||
6 | 19 | ||
7 | 12 | ||
8 | 12 | ||
9 | 10 | ||
10 | 9 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 4,468 | ||
2 | 2,447 | ||
3 | 1,942 | ||
4 | 1,579 | ||
5 | 1,486 | ||
6 | 1,371 | ||
7 | 1,288 | ||
8 | 1,272 | ||
9 | 947 | ||
10 | 832 |
Home offer insights for Fair Lakes
Recent offers
- Offer Not Accepted|9 Weeks Ago~$600K OfferSold for $600K3 bd | 3.5 ba | ~1,750 sqftOver List Price4%Days on Market5Competing Offers6Down Payment—
- Offer Not Accepted|9 Weeks Ago~$600K OfferSold for $600K3 bd | 3.5 ba | ~1,750 sqftOver List Price5%Days on Market5Competing Offers9Down Payment~20%
- Offer Not Accepted|10 Weeks Ago~$750K OfferSold for $750K4 bd | 3.5 ba | ~2,750 sqftOver List Price0%Days on Market6Competing Offers4Down Payment~20%
View houses in Fair Lakes that sold recently
Recently sold homes
- $1,362,000 Last Sold Price5 beds4.5 baths5,501 sq ft12812 Westbrook Dr, Fairfax, VA 22030(703) 409-5326List Price$1,362,000Sale to List0% over listDays on Market69 days12812 Westbrook Dr, Fairfax, VA 22030
- $425,000 Last Sold Price2 beds2 baths1,028 sq ft4210-V Mozart Brigade Ln Unit V, Fairfax, VA 22033(703) 592-0080List Price$424,990Sale to List0% over listDays on Market33 days4210-V Mozart Brigade Ln Unit V, Fairfax, VA 22033
- $275,000 Last Sold Price1 bed1 bath703 sq ft4443 Fair Stone Dr #304, Fairfax, VA 22033(703) 790-1990List Price$275,000Sale to List0% over listDays on Market34 days4443 Fair Stone Dr #304, Fairfax, VA 22033
- $440,000 Last Sold Price2 beds2 baths2,260 sq ft4210 Mozart Brigade Ln Unit E, Fairfax, VA 22033(703) 790-1990List Price$430,000Sale to List2% over listDays on Market17 days4210 Mozart Brigade Ln Unit E, Fairfax, VA 22033
- $425,000 Last Sold Price2 beds2 baths1,310 sq ft4526 Superior Sq #4526, Fairfax, VA 22033(703) 535-3610List Price$425,000Sale to List0% over listDays on Market27 days4526 Superior Sq #4526, Fairfax, VA 22033
- $933,480 Last Sold Price3 beds3.5 baths1,974 sq ft4363 Fair Lakes Ct, Fairfax, VA 22033(844) 552-7444List Price$933,480Sale to List0% over listDays on Market0 days4363 Fair Lakes Ct, Fairfax, VA 22033
- $440,000 Last Sold Price2 beds2 baths1,230 sq ft4600 Superior Sq #4600, Fairfax, VA 22033(833) 335-7433List Price$440,000Sale to List0% over listDays on Market40 days4600 Superior Sq #4600, Fairfax, VA 22033
- $668,000 Last Sold Price4 beds3.5 baths2,106 sq ft13116 Willow Stream Ln, Fairfax, VA 22033(202) 670-5352List Price$615,000Sale to List9% over listDays on Market26 days13116 Willow Stream Ln, Fairfax, VA 22033
See all recently sold homes in Fair Lakes.
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Schools in Fair Lakes
- Elementary
- Middle
- High
GreatSchools Rating
No elementary schools in this region.
Climate's impact on Fair Lakes housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Fair Lakes.
Flood Factor - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Moderate
Wind Factor
Wind likelihood over time
Heat Factor - Major
Heat Factor
Transportation in Fair Lakes
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