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Featured local agent — Fairwood, MD
Sarah Mitchell
Compass Real Estate · Fairwood, MD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Fairwood, MD Housing Market & Real Estate
Housing market overview · Updated monthly ·
$555,000median sale price
How is the Fairwood, MD housing market right now?
The median home sale price in Fairwood, MD is $555,000, up 13.2% year-over-year. Homes sell in an average of 49 days with 19 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Fairwood a buyer's or seller's market?
Fairwood, MD is currently a balanced market, based on 3.2 months of supply and homes selling in about 49 days. How we determine this →
Homes sold
6
Last 12 weeks
Days on market
49
Average pace
Active listings
19
3.2 months supply
Sale-to-list
100.0%
Above asking
What does the Fairwood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $555,000 |
| Median list price | $695,000 |
| Year-over-year price change | +13.2% |
| Average days on market | 49 days |
| Active inventory | 19 listings |
| Months of supply | 3.2 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $192/sq ft |
| Homes sold (latest month) | 6 |
| New listings (latest month) | 11 |
| Listings with a price cut | 57.9% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Fairwood by property type?
How the Fairwood, MD market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $735,000 | $181/sq ft | 3 | 41 days |
| Condo / Co-op | $359,990 | $329/sq ft | 3 | 137 days |
| Townhouse | $577,500 | $258/sq ft | 2 | 26 days |
Source: Redfin · Updated monthly
The Fairwood housing market is currently classified as a balanced market with a median sale price of $555,000. Prices have risen 13.2% compared to last year, with homes spending an average of 49 days on market, indicating 3.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Fairwood
There are currently 19 homes listed for sale in Fairwood, Maryland. The median listing price is $695K.
Active listings
19
Homes on market
Median list price
$695K
Avg. days on market
49
Days until sale
New this week
11
Newly listed
Who lives in Fairwood?
Population
8,108
Median income
$191,319/yr
Median age
40.7 years
Owner-occupied
91.5%
College grads
72.4%
Avg commute
39.2 min
Source: U.S. Census Bureau ACS
What is it like to live in Fairwood?
Fairwood is a community of approximately 8K residents with a median age of 40.7 years.The median household income is $191,319, which reflects a relatively affluent area with strong earning potential. 72.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 91.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 39.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Fairwood offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Fairwood, MD?
Want a head-to-head view? Compare Fairwood side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Fairwood?
The median home sale price in Fairwood is $555,000, up 13.2% from last year.
How long do homes stay on market in Fairwood?
Homes typically spend 49 days on market before going under contract.
What is the median income in Fairwood?
The median household income is $191,319 per year.
Is Fairwood a buyer's or seller's market?
With 3.2 months of supply, Fairwood is currently a balanced market.
What is the median condo price in Fairwood?
The median condo/co-op sale price in Fairwood, MD is $359,990, compared to $735,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Fairwood?
The median single-family home price in Fairwood, MD is $735,000 (about $181 per square foot).
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