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Fairfax Homes Sell Faster, But Arlington Remains Costliest

1/21/2025

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Summary

Story summary

Arlington, Virginia, continues to be the priciest county for home sales.
Fairfax County experienced a notable rise in closed sales in 2024.
Homes in Fairfax sold almost a week quicker than those in Arlington, appealing to budget-conscious buyers.
The median home price in December was $700,000 in Fairfax versus $837,500 in Arlington.
Experts foresee difficulties for moderate-income and first-time buyers in 2025, exacerbating the housing wealth gap in the D.C. area.

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Story summary

Arlington, Virginia, continues to be the priciest county for home sales.
Fairfax County experienced a notable rise in closed sales in 2024.
Homes in Fairfax sold almost a week quicker than those in Arlington, appealing to budget-conscious buyers.
The median home price in December was $700,000 in Fairfax versus $837,500 in Arlington.
Experts foresee difficulties for moderate-income and first-time buyers in 2025, exacerbating the housing wealth gap in the D.C. area.