Fairfax, VA 22033 Real Estate Market Report

ZIP Code: 22033
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Fairfax, VA (ZIP: 22033) is currently characterized by a median sold price of $774,000, reflecting a slight cooling trend as the neighborhood has decreased 8% since 2022. This decline in sold prices indicates a shift in market dynamics, where buyers may have more negotiating power amidst elevated inventory levels. The median listing price stands at $798,500, suggesting a pricing gap that may lead to challenges for sellers in achieving their asking prices in the current environment.

Transaction activity appears to be moderate, with median days on market reaching 261 days, indicating slower sales velocity. This extended time frame for sales may suggest a need for sellers to adjust expectations in light of the current market conditions. Additionally, the market temperature is assessed as neutral, indicating a balanced environment where supply and demand are relatively aligned, though the elevated inventory may provide buyers with more options and leverage in negotiations.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Fairfax, VA are averaging 6.46%, which is 0.44% lower than the average rate of 6.90% seen a year ago.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $774,000 indicates a decrease in home values, reflecting a cooling market trend.

2. With a median days on market of 261, the market is experiencing slower sales velocity, suggesting that properties are taking longer to sell.

3. The median listing price of $798,500 presents a notable gap compared to the sold price, indicating potential pricing friction for sellers.

4. Rental demand remains stable with a median market rent of $2,760, although the year-over-year trend is down, suggesting a cautious rental market.

5. Current interest rates are averaging 6.46%, which is lower than the previous year's average, potentially easing some pressure on buyers.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.