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Fairfax County’s average home sales price climbed closer to $1 million in April, driven largely by activity at the upper end of the market.
The average price reached $953,289, a 6.3% increase from a year earlier, according to preliminary MarketStats by ShowingTime data released May 11. A greater share of single-family homes in the month’s sales contributed to the rise.
Lisa Sturtevant, chief economist for Bright MLS, said substantial demand remains, but higher-income buyers are generating most of the activity. Buyers on tighter budgets remain more vulnerable to fluctuating interest rates and economic uncertainty.
The county recorded 1,148 closings in April, essentially unchanged from April 2025.
Single-family homes sold for an average of $1,280,940, up 7% year over year. Attached properties, including townhouses, averaged $566,178, an increase of just 0.3%. The condominium average fell 2% to $414,898.
Combined sales were valued at just under $1.1 billion, an 8% annual increase. The average price per square foot was nearly unchanged at $377, compared with $375 a year earlier.
Homes closing in April received an average of 101% of their original listing prices, reflecting the competitive conditions commonly seen during the spring market.
If Fairfax County’s average surpasses $1 million in the coming months, it will join a small group of larger Washington-area jurisdictions to reach that level.
Arlington County crossed the threshold for the first time in March and then established a record average of $1,061,497 in April. Falls Church also occasionally averages more than $1 million, aided by the large share of single-family properties in its relatively small number of monthly transactions.
Washington-area activity accelerates
The broader D.C. region also posted a stronger April after a sluggish beginning to the spring season.
Metro-area sales totaled 4,851, up 2.9% from a year earlier. Every jurisdiction except Falls Church and Prince George’s County recorded an increase. New listings rose 7.1%, giving prospective buyers more options, while homes sold at a brisk median pace of eight days.
In the City of Fairfax, 36 homes sold, compared with 33 in April 2025. The average price declined 0.5% to $854,493.
Single-family properties in the city averaged $988,191, up 1.2%. Total sales volume rose nearly 8% to $30.24 million.
Regional prices outpace national growth
The median price for a single-family home across the Washington metropolitan area was $637,100 in the first quarter of 2026, according to the National Association of Realtors. That represented a 1% annual increase.
Nationally, the median rose 0.5% to $404,300.
Prices increased most sharply in the Northeast, where the median climbed 4.9% to $506,500, and the Midwest, where it rose 3.6% to $308,100. The South’s median edged up 0.2% to $362,300, while the West declined 2.9% to $607,600.
Lawrence Yun, the association’s chief economist, said the Northeast continued to face limited inventory, while relatively affordable prices supported gains in the Midwest.
Five metropolitan areas reported median prices above $1 million:
- San Jose-Sunnyvale-Santa Clara: $2.03 million, up 0.5%
- Anaheim-Santa Ana-Irvine: $1,442,900, down 0.5%
- San Francisco-Oakland-Hayward: $1.35 million, up 2.3%
- Urban Honolulu: $1,175,100, up 0.9%
- San Diego-Carlsbad: $1.05 million, up 1.3%
Prices rose year over year in 167 of the 235 metro markets examined, or 71%. That was close to the 73% share recorded during the fourth quarter of 2025.
Virginia records a stronger first quarter
Virginia home sales increased 6.4% during the first quarter as prices posted a modest gain, according to Virginia Realtors.
Statewide, 20,850 properties changed hands from Jan. 1 through March 31, up from 19,596 during the same period in 2025. The median price rose 1.2%, from $405,000 to $410,000.
Total sales volume increased from $10.1 billion to $10.9 billion.
March accounted for 8,388 sales, an 8.8% increase from a year earlier. The median price reached $425,000, compared with $418,000 in March 2025.
The trade group attributed the increase to more buyers entering the market and greater seller activity. Sales volume and the average sold-to-list-price ratio also rose, though price trends varied considerably among localities and regions.
Slightly more than half of Virginia’s cities and counties—52%—recorded annual sales gains in March.
The reported figures cover most, but not all, properties on the market. All 2026 data remain preliminary and may be revised.