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North Fairfax News

Friday, November 22, 2024

Fairfax County home prices rose in the first half of 2022

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The median sale price of a home sold in the first half of 2022 in Fairfax County rose by $40,000 while total sales decreased by 17.2%.

From January through June of 2022, there were 8,685 homes sold, with a median sale price of $655,000 - a 6.5% increase over the $615,000 median sale price for the same period of the previous year. There were 10,483 homes sold in Fairfax County in the first half of 2021.

The median sales tax in Fairfax County for the most recent year with available data, 2021, was $6,314 approximately 1% of the median home sale price for the first half of 2022.

The following histogram displays changes in median sales prices in Fairfax County from January 2021 to June 2022.

Jan. - June 2021July - Dec. 2021Jan. - June 2022$615000$615000$607000$607000$655000$655000

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