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South Fairfax News

Sunday, November 24, 2024

Home valuation prices increased in Fairfax County in January 2024, compared to January 2023

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In January, the median sale price of a home in Fairfax County rose by $21,500 from the same period in the previous year, while total sales decreased by 59.7%, according to BlockShopper.com.

Data shows that there were 192 homes sold in January, with a median sale price of $582,500 - a 3.8% increase over the $561,000 median sale price for the same period of the previous year. There were 477 homes sold in Fairfax County in January 2023.

For context, the median sales tax in Fairfax County, based on the latest available data from 2021, was $6,314, which stands at 1.1% of January's median home sale price.

The following histogram displays changes in median sales prices in Fairfax County from January 2023 to January 2024.

January 2023February 2023March 2023April 2023May 2023June 2023July 2023August 2023September 2023October 2023November 2023December 2023January 2024$561,000$561,000$600,000$600,000$640,000$640,000$655,250$655,250$675,000$675,000$685,000$685,000$630,000$630,000$655,000$655,000$619,500$619,500$610,000$610,000$615,000$615,000$599,900$599,900$582,500$582,500

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