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Featured local agent — Fair Oaks, VA
Sarah Mitchell
Compass Real Estate · Fair Oaks, VA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Fair Oaks, VA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$710,000median sale price
How is the Fair Oaks, VA housing market right now?
The median home sale price in Fair Oaks, VA is $710,000, up 14.9% year-over-year. Homes sell in an average of 17 days with 56 active listings. The market is currently a strong 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 Oaks a buyer's or seller's market?
Fair Oaks, VA is currently a strong seller's market, based on 1.4 months of supply and homes selling in about 17 days. How we determine this →
Homes sold
39
Last 12 weeks
Days on market
17
Fast-moving
Active listings
56
1.4 months supply
Sale-to-list
100.9%
Above asking
What does the Fair Oaks housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $710,000 |
| Median list price | $640,000 |
| Year-over-year price change | +14.9% |
| Average days on market | 17 days |
| Active inventory | 56 listings |
| Months of supply | 1.4 months |
| Sale-to-list price ratio | 100.9% |
| Median price per sq ft | $372/sq ft |
| Homes sold (latest month) | 39 |
| New listings (latest month) | 51 |
| Listings with a price cut | 26.8% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Fair Oaks by property type?
How the Fair Oaks, VA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $770,000 | $401/sq ft | 2 | 123 days |
| Condo / Co-op | $416,000 | $360/sq ft | 12 | 30 days |
| Townhouse | $750,000 | $388/sq ft | 25 | 6 days |
Source: Redfin · Updated monthly
The Fair Oaks housing market is currently classified as a strong seller's market with a median sale price of $710,000. Prices have risen 14.9% compared to last year, with homes spending an average of 17 days on market, indicating 1.4 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 Oaks
There are currently 56 homes listed for sale in Fair Oaks, Virginia. The median listing price is $640K.
Active listings
56
Homes on market
Median list price
$640K
Avg. days on market
17
Days until sale
New this week
51
Newly listed
Who lives in Fair Oaks?
Population
35,472
Median income
$119,387/yr
Median age
35.3 years
Owner-occupied
44.0%
College grads
69.5%
Avg commute
28.6 min
Source: U.S. Census Bureau ACS
What is it like to live in Fair Oaks?
Fair Oaks is a community of approximately 35K residents with a median age of 35.3 years.The median household income is $119,387, which reflects a relatively affluent area with strong earning potential. 69.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 44.0%, showing a blend of owner and renter-occupied properties. The average commute time is 28.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Fair Oaks offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Fair Oaks, VA?
Want a head-to-head view? Compare Fair Oaks 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 Oaks?
The median home sale price in Fair Oaks is $710,000, up 14.9% from last year.
How long do homes stay on market in Fair Oaks?
Homes typically spend 17 days on market before going under contract.
What is the median income in Fair Oaks?
The median household income is $119,387 per year.
Is Fair Oaks a buyer's or seller's market?
With 1.4 months of supply, Fair Oaks is currently a strong seller's market.
What is the median condo price in Fair Oaks?
The median condo/co-op sale price in Fair Oaks, VA is $416,000, compared to $770,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Fair Oaks?
The median single-family home price in Fair Oaks, VA is $770,000 (about $401 per square foot).
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