Fairfax Village
Fairfax Village

Fairfax Village Real Estate

Homes for sale in Washington DC's Fairfax Village

Real Estate Market Stats

Basic Stats Overview

Data Source: MRIS Listing Data, Last Updated: 2/22/2018
M/M Y/Y
Homes for Sale 14 -28.6% -57.1%
Months Inventory 1.54 -27.3% -195.5%
Contracts Pending 30 +23.3% +30.0%
Solds: 90 Day 27 -18.5% +29.6%
Average List Price/Sold Price 101.68% +1.9% +1.1%
Active/Pending Ratio 0.47 -66.0% -123.4%
Average Price M/M Y/Y
Active $182,721 +5.9% -25.9%
Pending $199,562 +0.1% -3.7%
90 Day Sold $237,126 -18.8% +28.6%
Median Price
Active $126,950 +9.5% +11.4%
Pending $137,450 +9.1% +12.8%
90 Day Sold $108,000 -178.9% +11.6%
Days on Market
Active 133.29 +19.6% +23.6%
Pending 63.60 -19.1% -42.3%
90 Day Sold 29.30 -4.4% -25.6%
M/M Y/Y
Homes for Sale 3 +33.3% -100.0%
Months Inventory 0.92 +34.8% -213.0%
Contracts Pending 7 +14.3% 0.0%
Solds: 90 Day 9 -55.6% +55.6%
Average List Price/Sold Price 98.84% +0.1% -5.7%
Active/Pending Ratio 0.43 +23.3% -100.0%
Average Price M/M Y/Y
Active $411,667 -39.6% -26.9%
Pending $388,164 -2.5% -15.1%
90 Day Sold $488,644 +1.8% +15.9%
Median Price
Active $425,000 -35.2% -21.1%
Pending $400,000 0.0% +0.3%
90 Day Sold $495,000 +5.3% +15.1%
Days on Market
Active 35.67 +1.9% -33.6%
Pending 161.86 -15.8% +17.4%
90 Day Sold 35.78 -8.4% +21.0%
M/M Y/Y
Homes for Sale 2 -100.0% 0.0%
Months Inventory 1.20 -81.7% -150.0%
Contracts Pending 10 +50.0% +40.0%
Solds: 90 Day 4 -50.0% +25.0%
Average List Price/Sold Price 109.75% +2.0% +9.9%
Active/Pending Ratio 0.20 -300.0% -65.0%
Average Price M/M Y/Y
Active $236,950 +15.2% -25.5%
Pending $232,040 -8.7% +42.6%
90 Day Sold $252,375 +5.1% -5.0%
Median Price
Active $236,950 +25.3% -25.5%
Pending $233,550 -28.0% +48.6%
90 Day Sold $267,250 0.0% -11.5%
Days on Market
Active 23.00 +17.4% -2.2%
Pending 41.00 -24.4% +4.5%
90 Day Sold 19.75 +17.3% -129.5%
M/M Y/Y
Homes for Sale 9 -33.3% -55.6%
Months Inventory 2.16 -38.9% -211.1%
Contracts Pending 13 +7.7% +38.5%
Solds: 90 Day 14 +14.3% +14.3%
Average List Price/Sold Price 107.28% +10.6% +11.8%
Active/Pending Ratio 0.69 -44.9% -153.6%
Average Price M/M Y/Y
Active $94,356 -1.0% -0.9%
Pending $73,023 -6.9% +28.3%
90 Day Sold $71,079 -1.5% +8.8%
Median Price
Active $99,000 -0.5% +9.6%
Pending $73,900 -4.1% +29.0%
90 Day Sold $67,250 -7.1% -9.2%
Days on Market
Active 190.33 +21.9% +28.4%
Pending 28.08 -7.4% -225.0%
90 Day Sold 27.86 -1.1% -34.6%

How Much is Available?

Data Source: MRIS Listing Data, Active Inventory
The number of Fairfax Village homes listed for sale. Lower inventory favors sellers in negotiations.

How Many Months of Inventory?

Data Source: MRIS Listing Data, Months Inventory
The number of homes listed for sale in Fairfax Village divided by the number of homes sold in one month. Higher inventory favors buyers.

More Actives or More Pendings?

Data Source: MRIS Listing Data, Active/Pending Ratio
Ratio of homes in Fairfax Village listed for sale versus those under contract. The lower the number, the hotter the market.

Are Sellers Negotiating?

Data Source: MRIS Listing Data, List/Sold Ratio
Shows a comparison between the final sales price of homes sold in Fairfax Village versus their list price.

What is Average?

Data Source: MRIS Listing Data, Average Sale Price (90 Days)
Average list price of homes for sale in Fairfax Village

How Fast Are They Selling?

Data Source: MRIS Listing Data, Days on Market (Sold Listings 90 Days)
Average days from Listing Date to Sold Date for Fairfax Village homes that sold in the past 90 days.

Insight

A little town within the town

Built in the 1940s as housing for retired federal workers and Capitol Hill staffers, the units at Fairfax Village were converted from rentals to condominiums in 1976. By DC standards, home prices are rock bottom; condos in the garden-style community start in the low $100,000s for one-bedroom units and newly renovated town homes fetch somewhere in the $300,000 range. Fairfax Village, a 54-acre condo and townhouse development in Southeast Washington’s Hillcrest neighborhood, is so large that it’s often referred to as its own neighborhood. With 660 apartment-style condo units, 166 townhomes, and an adjacent shopping center that also bears the Fairfax Village name.

John MacArthur John MacArthur Realtor

Nearby Fairfax Village

Anacostia
31 Homes for Sale
Today's Median Price $265,000
Congress Heights / Shipley
23 Homes for Sale
Today's Median Price $309,375
Washington Highlands / Bellevue
15 Homes for Sale
Today's Median Price $282,500

Schools near Fairfax Village

Beers Elementary School
17 Homes for Sale
Today's Median Price $264,950
Garfield Elementary School
5 Homes for Sale
Today's Median Price $182,250
Sousa Middle School
24 Homes for Sale
Today's Median Price $299,000