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: 5/15/2021
M/M Y/Y
Homes for Sale 11 +72.7% -9.1%
Months Inventory 1.57 +73.2% -43.3%
Contracts Pending 11 +36.4% +18.2%
Solds: 90 Day 22 0.0% +18.2%
Average List Price/Sold Price 98.82% -0.0% -0.1%
Active/Pending Ratio 1.00 +57.0% -33.0%
Average Price M/M Y/Y
Active $267,145 -56.0% -145.9%
Pending $378,843 +15.5% -51.5%
90 Day Sold $342,367 +2.8% -61.3%
Median Price
Active $189,000 -111.6% -276.7%
Pending $399,900 +35.2% -31.3%
90 Day Sold $220,000 +4.5% -102.2%
Days on Market
Active 21.91 -106.9% -264.0%
Pending 38.29 -20.7% +8.6%
90 Day Sold 32.36 +11.1% -12.5%
M/M Y/Y
Homes for Sale 2 +50.0% -450.0%
Months Inventory 0.69 +53.6% -417.4%
Contracts Pending 5 +60.0% 0.0%
Solds: 90 Day 7 0.0% -42.9%
Average List Price/Sold Price 98.83% -0.4% +0.1%
Active/Pending Ratio 0.40 -25.0% -450.0%
Average Price M/M Y/Y
Active $624,900 -4.0% -11.2%
Pending $566,483 -2.4% -0.9%
90 Day Sold $607,500 +3.4% +8.2%
Median Price
Active $624,900 -4.0% -16.0%
Pending $574,500 -9.2% +8.6%
90 Day Sold $650,000 0.0% +25.8%
Days on Market
Active 10.00 +40.0% -727.3%
Pending 11.00 -363.6% -333.4%
90 Day Sold 71.43 +12.2% +28.0%
M/M Y/Y
Homes for Sale 2 +50.0% +50.0%
Months Inventory 1.85 +45.9% +76.2%
Contracts Pending 2 0.0% -100.0%
Solds: 90 Day 5 0.0% -60.0%
Average List Price/Sold Price 101.56% +1.5% +2.4%
Active/Pending Ratio 1.00 +50.0% +75.0%
Average Price M/M Y/Y
Active $300,000 -33.3% +20.0%
Pending $360,975 +22.7% -59.9%
90 Day Sold $324,780 +4.6% -67.9%
Median Price
Active $300,000 -33.3% +20.0%
Pending $374,450 +30.3% -68.2%
90 Day Sold $349,900 0.0% +8.5%
Days on Market
Active 30.00 +60.0% -56.7%
Pending 69.50 -2.2% +77.0%
90 Day Sold 4.40 +22.7% -300.7%
M/M Y/Y
Homes for Sale 7 +85.7% N/A
Months Inventory 2.33 +86.3% N/A
Contracts Pending 4 +25.0% N/A
Solds: 90 Day 10 0.0% N/A
Average List Price/Sold Price 96.26% -0.8% N/A
Active/Pending Ratio 1.75 +81.1% N/A
Average Price M/M Y/Y
Active $155,543 -28.6% N/A
Pending $115,250 -25.8% N/A
90 Day Sold $165,568 -0.5% N/A
Median Price
Active $180,000 -11.1% N/A
Pending $95,000 -73.7% N/A
90 Day Sold $175,000 -0.1% N/A
Days on Market
Active 23.00 -413.0% N/A
Pending 48.00 +52.9% N/A
90 Day Sold 19.00 +6.8% N/A

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.

Nearby Fairfax Village

Anacostia
25 Homes for Sale
Today's Median Price $425,000
Congress Heights / Shipley
22 Homes for Sale
Today's Median Price $429,900
Washington Highlands / Bellevue
22 Homes for Sale
Today's Median Price $420,000

Schools near Fairfax Village

Beers Elementary School
13 Homes for Sale
Today's Median Price $433,500
Garfield Elementary School
1 Homes for Sale
Today's Median Price $399,900
Sousa Middle School
21 Homes for Sale
Today's Median Price $440,000