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Saturday, November 23, 2024

Fairfax County home valuation prices fell in March 2023 compared to the same period in 2022

Realestate1

In March 2023, the median sale price of a home in Fairfax County fell by $750 from the same period in the previous year, while total sales decreased by 66.6%, according to BlockShopper.com.

Data shows that there were 565 homes sold in March 2023, with a median sale price of $645,000 - a 0.1% decrease from the $645,750 median sale price for the same period of the previous year. There were 1,690 homes sold in Fairfax County in March 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 March 2023's median home sale price.

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

March 2022April 2022May 2022June 2022July 2022August 2022September 2022October 2022November 2022December 2022January 2023February 2023March 2023$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$645,000$645,000

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