Brokers — List your Company Here
Featured local agent — Fair Lakes, VA
Sarah Mitchell
Compass Real Estate · Fair Lakes, VA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Fair Lakes, VA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$680,000median sale price
How is the Fair Lakes, VA housing market right now?
The median home sale price in Fair Lakes, VA is $680,000, down 35.3% year-over-year. Homes sell in an average of 15 days with 35 active listings. The market is currently a seller's 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 Fair Lakes a buyer's or seller's market?
Fair Lakes, VA is currently a seller's market, based on 3.9 months of supply and homes selling in about 15 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
15
Fast-moving
Active listings
35
3.9 months supply
Sale-to-list
101.9%
Above asking
What does the Fair Lakes housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $680,000 |
| Median list price | $599,000 |
| Year-over-year price change | -35.3% |
| Average days on market | 15 days |
| Active inventory | 35 listings |
| Months of supply | 3.9 months |
| Sale-to-list price ratio | 101.9% |
| Median price per sq ft | $358/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 19 |
| Listings with a price cut | 40.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Fair Lakes by property type?
How the Fair Lakes, VA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Condo / Co-op | $370,000 | $361/sq ft | 3 | 23 days |
| Townhouse | $707,500 | $372/sq ft | 4 | 5 days |
Source: Redfin · Updated monthly
The Fair Lakes housing market is currently classified as a seller's market with a median sale price of $680,000. Prices have fallen 35.3% compared to last year, with homes spending an average of 15 days on market, indicating 3.9 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 Fair Lakes
There are currently 35 homes listed for sale in Fair Lakes, Virginia. The median listing price is $599K.
Active listings
35
Homes on market
Median list price
$599K
Avg. days on market
15
Days until sale
New this week
19
Newly listed
Who lives in Fair Lakes?
Population
8,617
Median income
$130,789/yr
Median age
40.2 years
Owner-occupied
61.6%
College grads
65.8%
Avg commute
32.2 min
Source: U.S. Census Bureau ACS
What is it like to live in Fair Lakes?
Fair Lakes is a community of approximately 9K residents with a median age of 40.2 years.The median household income is $130,789, which reflects a relatively affluent area with strong earning potential. 65.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 61.6%, showing a blend of owner and renter-occupied properties. The average commute time is 32.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Fair Lakes offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Fair Lakes, VA?
Want a head-to-head view? Compare Fair Lakes side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Fair Lakes?
The median home sale price in Fair Lakes is $680,000, down 35.3% from last year.
How long do homes stay on market in Fair Lakes?
Homes typically spend 15 days on market before going under contract.
What is the median income in Fair Lakes?
The median household income is $130,789 per year.
Is Fair Lakes a buyer's or seller's market?
With 3.9 months of supply, Fair Lakes is currently a seller's market.
What is the median condo price in Fair Lakes?
The median condo/co-op sale price in Fair Lakes, VA is $370,000, based on the latest Redfin data.
Be the brokerage on this page
1 slot per pageGet featured on Fair Lakes, VA
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Fair Lakes market alerts
Weekly updates on prices, inventory, and trends. Free forever.