Prices of single-family homes declined year-over-year, but townhouses and condominiums saw increases across Fairfax County in November, according to new data.
The average sales price of a single-family home countywide dipped 3.2% to $1,138,036, according to figures reported Dec. 10 by MarketStats by ShowingTime.
But in other market segment, sales prices pointed higher:
- The average sales price of an attached home — townhouse, rowhouse or condominium — increased 9% to $585,345.
- The average sales price in the condo-only sector rose 7.5% to $470,179.
Overall, the average countywide sales price rose 4.4% to $882,408.
Sales for the month were down 8.2% to 787, although pending sales were pointing slightly higher in November and should be reflected in upcoming reports.
Overall, total sales volume countywide for the month was just over $700.8 million.
Homes that went to closing in November garnered an average 97.4% of listing price, down from 98.3% a year before, and spent an average of 28 days on the market between listing and ratified sales contract, up from 21.
At the end of the month, listings stood at 1,304, up 47% from a year ago.
Per-square-foot sales prices decline
Homes that sold in November across Fairfax averaged $366 per square foot, down slightly (0.3%) from a year before and trailing the year-to-date average of $372.
Fairfax County typically sits in the middle of the pack in per-square-foot prices. In November, rates in other areas were $501 in D.C., $498 in Arlington, $489 in Falls Church, $468 in Alexandria, $292 in Loudoun County and $254 in Prince William County.
Home sales, prices up in Fairfax City
In the City of Fairfax, November brought 27 sales, up from 13 a year ago. The average sales price for single-family homes was $1,024,698, up 1%, while the average for the attached segment was $644,874 (+29.3%) and the average for the condominium segment was $418,694 (+22.6%).
A total of 41 active listings were on the market in the city in November, up from 32 a year before. There were 25 pending sales in the pipeline, down from 32.
‘Cautious’ buyer sentiment in region market
Across Fairfax and the rest of the Washington region, “cautious” is how Bright MLS chief economist Lisa Sturtevant described the state of the market in November.
“Economic uncertainty and ongoing affordability challenges remain the biggest constraints on the Mid-Atlantic housing market as we head into the final stretch of 2025,” she said.
Bright MLS is the region’s multiple-listing service. In its Dec. 10 update, it said prospective homebuyers are eager but not always willing to start their search.
“There is still a considerable amount of pent-up demand — particularly among first-time buyers,” Sturtevant said. “However, many of these would-be buyers are waiting for a more favorable combination of mortgage rates and home prices before entering the market.”
Across the Washington region, the 3,355 closed sales for the month were down 6.4% year-over-year in November, but the median sales price of $630,000 was up 5%, with higher-end buyers driving the increase, according to Bright MLS data.
The strongest regional conditions were in areas of Northern Virginia, with weaker conditions in D.C. and the Maryland suburbs, analysts said.
For the first 11 months of the year, sales across the D.C. region were down 0.8% to 45,476.
Looking ahead to 2026, lower mortgage rates and somewhat softer prices should start to bring more buyers back into the market, especially in the region’s more affordable submarkets, Bright MLS forecasts.
“As borrowing costs edge down and income growth gradually improves, some of the affordability pressures that weighed on 2025 activity are expected to ease,” analysts said.
Figures represent most, but not all, homes on the market. November 2025 figures are subject to revision.
