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South Fairfax News

Thursday, November 21, 2024

Fairfax County home prices rose in the second half of 2022

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The median sale price of a home sold in the second half of 2022 in Fairfax County rose by $8,000 while total sales decreased by 50.9%.

From July through December of 2022, there were 5,158 homes sold, with a median sale price of $615,000 - a 1.3% increase over the $607,000 median sale price for the same period of the previous year. There were 10,509 homes sold in Fairfax County in the second half of 2021.

The median sales tax in Fairfax County for the most recent year with available data, 2021, was $6,314 approximately 1% of the median home sale price for the second half of 2022.

The following histogram displays changes in median sales prices in Fairfax County from July 2021 to December 2022.

July - Dec. 2021Jan. - June 2022July - Dec. 2022$607000$607000$655000$655000$615000$615000

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