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South Fairfax News

Tuesday, December 24, 2024

Fairfax County home prices rose in June 2024 compared to June 2023

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In June, the median sale price of a home in Fairfax County rose by $90,000 from the same period in the previous year, while total sales increased by 51.5%, according to BlockShopper.com.

Data shows that there were 962 homes sold in June, with a median sale price of $775,000 - a 13.1% increase over the $685,000 median sale price for the same period of the previous year. There were 635 homes sold in Fairfax County in June 2023.

For context, the median sales tax in Fairfax County, based on the latest available data from 2021, was $6,314, which stands at 0.8% of June's median home sale price.

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

June 2023July 2023August 2023September 2023October 2023November 2023December 2023January 2024February 2024March 2024April 2024May 2024June 2024$685,000$685,000$630,000$630,000$651,250$651,250$617,000$617,000$620,000$620,000$611,688$611,688$599,950$599,950$580,000$580,000$650,000$650,000$706,000$706,000$700,000$700,000$742,300$742,300$775,000$775,000

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