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North Fairfax News

Saturday, May 18, 2024

Median home valuation prices in Fairfax County rose to $650,000 in February 2024 compared to February 2023

Realestate5

In February, the median sale price of a home in Fairfax County rose by $50,000 from the same period in the previous year, while total sales increased by 20.6%, according to BlockShopper.com.

Data shows that there were 527 homes sold in February, with a median sale price of $650,000 - an 8.3% increase over the $600,000 median sale price for the same period of the previous year. There were 437 homes sold in Fairfax County in February 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% of February's median home sale price.

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

February 2023March 2023April 2023May 2023June 2023July 2023August 2023September 2023October 2023November 2023December 2023January 2024February 2024$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$650,000$650,000

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