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South Fairfax News

Monday, March 3, 2025

Home prices in Fairfax County during February 2023 fell compared to the same period in 2022

Webp realestate1

In February 2023, the median sale price of a home in Fairfax County fell by $17,500 from the same period in the previous year, while total sales decreased by 57.1%, according to BlockShopper.com.

Data shows that there were 434 homes sold in February 2023, with a median sale price of $602,500 - a 2.8% decrease from the $620,000 median sale price for the same period of the previous year. There were 1,011 homes sold in Fairfax County in February 2022.

For context, the median sales tax in Fairfax County, based on the latest available data from 2021, was $6,314, which stands at 1% of February 2023's median home sale price.

The following histogram displays changes in median sales prices in Fairfax County from February 2022 to February 2023.

February 2022March 2022April 2022May 2022June 2022July 2022August 2022September 2022October 2022November 2022December 2022January 2023February 2023$620,000$620,000$645,750$645,750$692,500$692,500$699,950$699,950$669,900$669,900$648,000$648,000$630,000$630,000$615,000$615,000$610,000$610,000$599,000$599,000$584,250$584,250$560,500$560,500$602,500$602,500

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