Why Live in Fair Lakes
Fair Lakes, a census-designated place in Centreville, is strategically located at the intersection of Interstate 66 and Fairfax County Parkway, making it a convenient spot for commuters. The neighborhood is less than 20 minutes from Washington Dulles International Airport and features a mix of residential, commercial, and industrial areas. The northeastern and southeastern sections are primarily business-oriented, while the northwestern section offers a balance of retail, restaurants, and multi-family homes, including condos and townhouses. Single-family homes, ranging from contemporary designs to 1990s Colonials, are predominantly found in the southwestern section. New constructions with transitional architecture occasionally appear, adding to the diverse housing options.
Fair Lakes Shopping Center is a notable feature, providing residents with easy access to stores like BJ’s and Target, as well as a variety of dining options such as Cantina D’Italia and Guapo’s Restaurant. Elan at East Market residents benefit from nearby amenities like Whole Foods Market and Row House. Outdoor enthusiasts can enjoy several parks, including Poplar Tree Park, Arrowhead Park, and Stringfellow Park, which offer various sports fields and trails for walking, jogging, and biking.
The neighborhood is served by highly rated Fairfax County Public Schools, including Greenbriar East, Powell, and Eagle View Elementary Schools, Katherine Johnson Middle School, and Fairfax High School. The area is characterized by mature trees and greenery, providing a homely feel despite its commercial real estate concentration. The proximity to amenities and the airport, along with the presence of corporations, adds to Fair Lakes' appeal.
Home Trends in Fair Lakes, VA
On average, homes in Fair Lakes, VA sell after 18 days on the market compared to the national average of 50 days. The median sale price for homes in Fair Lakes, VA over the last 12 months is $762,505, up 11% from the median home sale price over the previous 12 months.
Median Sale Price
$762,505
Median Single Family Sale Price
$1,300,000
Median Townhouse Sale Price
$764,752
Median 2 Bedroom Sale Price
$450,000
Median 1 Bedroom Sale Price
$339,000
Average Price Per Sq Ft
$357
Number of Homes for Sale
3
Last 12 months Home Sales
27
Median List Price
$728,540
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
11%