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South Fairfax News

Thursday, November 21, 2024

Home prices in Fairfax County during July 2024 increased compared to the same period in 2023

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In July, the median sale price of a home in Fairfax County rose by $63,750 from the same period in the previous year, while total sales increased by 92.2%, according to BlockShopper.com.

Data shows that there were 932 homes sold in July, with a median sale price of $693,750 - a 10.1% increase over the $630,000 median sale price for the same period of the previous year. There were 485 homes sold in Fairfax County in July 2023.

For context, the median sales tax in Fairfax County, based on the latest available data from 2021, was $6,314, which stands at 0.9% of July's median home sale price.

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

July 2023August 2023September 2023October 2023November 2023December 2023January 2024February 2024March 2024April 2024May 2024June 2024July 2024$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$693,750$693,750

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