Faircrest is one of Centreville’s most sought-after planned communities in the 20120 ZIP code. It continues to draw homeowners who care about strong schools, easy access to major highways, and a friendly suburban feel. Even as the Northern Virginia housing market has shifted in recent years, Faircrest has stayed remarkably steady, with values holding up well and homes rarely sitting for long.
[A high, stable price point]
Recent closed sales in Faircrest show a market that’s both strong and consistent. Over the past several months, only about ten single-family homes came on the market and sold, with prices ranging from roughly $640,000 to $1.31 million. That puts the median sold price around $747,000 and the average near $802,000.
That small number of sales over a six-month period highlights one of Faircrest’s biggest strengths: tight inventory in a community buyers truly want. When a home does hit the market, it tends to draw attention quickly. Most properties have sold at or very close to the original list price, and many sellers have achieved 99–100% of asking, which signals confident buyers and minimal discounting. Homes that are well maintained or nicely updated often move the fastest and may receive multiple offers within the first couple of weeks.
In general, the lower end of the price range reflects smaller homes or homes that need cosmetic updates. Larger, renovated properties, especially on desirable streets like Jule Star Drive or Ann Grigsby Circle, have been selling closer to the $900,000 to $1 million range.
With average days on market around 12 days, Faircrest continues to operate like a premium “micro-market” within 20120. Even as growth across Northern Virginia has moderated, Faircrest remains a high-demand neighborhood with resilient values and a strong base of owner-occupants.
[Slower growth, but strong price support]
The broader Centreville market has cooled from the double-digit gains of recent years, but it has not moved into decline. Over the past year, many homes in 20120 have still been closing near their asking prices, and the best listings occasionally sell slightly above list. That pattern reflects solid price support, even with higher mortgage rates.
In Faircrest, that strength is closely tied to two things: very limited inventory and overall quality of life. With only a handful of homes available in any six-month stretch, Faircrest behaves less like a typical subdivision and more like a small, competitive market of its own. The mix of single-family homes and townhomes appeals to both growing families and downsizers who want a connected, well-kept neighborhood.
Because there are so few opportunities to buy here, buyer demand tends to concentrate quickly. When a well-updated home is listed, interest often ramps up fast, and multiple offers are still common within the first couple of weeks.
[A cooling market that still rewards the best homes]
Across the 20120 ZIP code, homes are now spending closer to a month on the market on average. That’s longer than during the peak years, but still a healthy pace. What stands out most today is the growing gap between move-in-ready homes and homes that need work.
Renovated, properly priced homes can still sell in under two weeks. Meanwhile, properties with deferred maintenance or ambitious pricing may sit significantly longer.
This “two-speed market” shows up clearly in Faircrest. Buyers here are typically informed, often relocating from nearby Fairfax or Chantilly, and they recognize value quickly. Sellers who focus on presentation, such as fresh paint, updated fixtures, professional cleaning, and staging, are more likely to attract strong offers without needing major price reductions.
[What this means for sellers]
Even though the market has cooled since 2021–2022, Faircrest remains competitive. With low inventory and steady demand, well-maintained homes still attract serious interest and often multiple offers, especially when priced in line with comparable sales from the past 6–12 months.
Key points for sellers:
*Pricing matters: A realistic list price based on recent comps is critical.
**Condition counts: Clean, updated, and well-presented homes sell faster and for stronger prices.
***Timing can help: Listing during low-inventory periods can lead to a quicker, smoother sale.
[What this means for buyers]
If you’re focused on Faircrest, waiting for a major price correction may not be the best strategy. The neighborhood’s location, schools, and lifestyle create a natural floor under values, especially when so few homes come up for sale.
A few tips for buyers:
*Be ready: Have your pre-approval in place so you can act quickly when the right home appears.
**Watch rates, but don’t depend on them: Even if rates dip, inventory can remain tight in Faircrest.
***Think long-term: Because of the community’s stability, buying the right home here can be a strong long-term move.
[Outlook for 2026]
Faircrest continues to look “steady at the top.” Prices have leveled off near historical highs, but meaningful softening has been limited by pent-up demand from local families and commuters who want single-family homes near major job corridors.
Looking ahead to 2026, the most likely scenario includes:
*Modest appreciation in the low to mid single digits
**Continued low inventory, especially for updated, move-in-ready homes
***Ongoing demand from buyers who understand the value of the location and community amenities
Faircrest isn’t a market known for dramatic swings. It’s defined more by consistency and balance. It continues to reward quality homes, realistic pricing, and patient, prepared buyers who recognize the long-term value of living in a well-established community in the heart of Centreville.
<<Thinking about buying or selling in Faircrest?>>
If you’re considering buying or selling a home in Faircrest, or anywhere in Centreville, I’d be glad to help you evaluate your options. As a local agent with deep experience in the 20120 market, I can provide a detailed pricing analysis, a tailored strategy, and guidance through every step of the process.
Feel free to reach out anytime to talk through your plans or to request a no-obligation consultation on your home’s current value.
[A high, stable price point]
Recent closed sales in Faircrest show a market that’s both strong and consistent. Over the past several months, only about ten single-family homes came on the market and sold, with prices ranging from roughly $640,000 to $1.31 million. That puts the median sold price around $747,000 and the average near $802,000.
That small number of sales over a six-month period highlights one of Faircrest’s biggest strengths: tight inventory in a community buyers truly want. When a home does hit the market, it tends to draw attention quickly. Most properties have sold at or very close to the original list price, and many sellers have achieved 99–100% of asking, which signals confident buyers and minimal discounting. Homes that are well maintained or nicely updated often move the fastest and may receive multiple offers within the first couple of weeks.
In general, the lower end of the price range reflects smaller homes or homes that need cosmetic updates. Larger, renovated properties, especially on desirable streets like Jule Star Drive or Ann Grigsby Circle, have been selling closer to the $900,000 to $1 million range.
With average days on market around 12 days, Faircrest continues to operate like a premium “micro-market” within 20120. Even as growth across Northern Virginia has moderated, Faircrest remains a high-demand neighborhood with resilient values and a strong base of owner-occupants.
[Slower growth, but strong price support]
The broader Centreville market has cooled from the double-digit gains of recent years, but it has not moved into decline. Over the past year, many homes in 20120 have still been closing near their asking prices, and the best listings occasionally sell slightly above list. That pattern reflects solid price support, even with higher mortgage rates.
In Faircrest, that strength is closely tied to two things: very limited inventory and overall quality of life. With only a handful of homes available in any six-month stretch, Faircrest behaves less like a typical subdivision and more like a small, competitive market of its own. The mix of single-family homes and townhomes appeals to both growing families and downsizers who want a connected, well-kept neighborhood.
Because there are so few opportunities to buy here, buyer demand tends to concentrate quickly. When a well-updated home is listed, interest often ramps up fast, and multiple offers are still common within the first couple of weeks.
[A cooling market that still rewards the best homes]
Across the 20120 ZIP code, homes are now spending closer to a month on the market on average. That’s longer than during the peak years, but still a healthy pace. What stands out most today is the growing gap between move-in-ready homes and homes that need work.
Renovated, properly priced homes can still sell in under two weeks. Meanwhile, properties with deferred maintenance or ambitious pricing may sit significantly longer.
This “two-speed market” shows up clearly in Faircrest. Buyers here are typically informed, often relocating from nearby Fairfax or Chantilly, and they recognize value quickly. Sellers who focus on presentation, such as fresh paint, updated fixtures, professional cleaning, and staging, are more likely to attract strong offers without needing major price reductions.
[What this means for sellers]
Even though the market has cooled since 2021–2022, Faircrest remains competitive. With low inventory and steady demand, well-maintained homes still attract serious interest and often multiple offers, especially when priced in line with comparable sales from the past 6–12 months.
Key points for sellers:
*Pricing matters: A realistic list price based on recent comps is critical.
**Condition counts: Clean, updated, and well-presented homes sell faster and for stronger prices.
***Timing can help: Listing during low-inventory periods can lead to a quicker, smoother sale.
[What this means for buyers]
If you’re focused on Faircrest, waiting for a major price correction may not be the best strategy. The neighborhood’s location, schools, and lifestyle create a natural floor under values, especially when so few homes come up for sale.
A few tips for buyers:
*Be ready: Have your pre-approval in place so you can act quickly when the right home appears.
**Watch rates, but don’t depend on them: Even if rates dip, inventory can remain tight in Faircrest.
***Think long-term: Because of the community’s stability, buying the right home here can be a strong long-term move.
[Outlook for 2026]
Faircrest continues to look “steady at the top.” Prices have leveled off near historical highs, but meaningful softening has been limited by pent-up demand from local families and commuters who want single-family homes near major job corridors.
Looking ahead to 2026, the most likely scenario includes:
*Modest appreciation in the low to mid single digits
**Continued low inventory, especially for updated, move-in-ready homes
***Ongoing demand from buyers who understand the value of the location and community amenities
Faircrest isn’t a market known for dramatic swings. It’s defined more by consistency and balance. It continues to reward quality homes, realistic pricing, and patient, prepared buyers who recognize the long-term value of living in a well-established community in the heart of Centreville.
<<Thinking about buying or selling in Faircrest?>>
If you’re considering buying or selling a home in Faircrest, or anywhere in Centreville, I’d be glad to help you evaluate your options. As a local agent with deep experience in the 20120 market, I can provide a detailed pricing analysis, a tailored strategy, and guidance through every step of the process.
Feel free to reach out anytime to talk through your plans or to request a no-obligation consultation on your home’s current value.
"Faircrest is one of Centreville’s most sought-after planned communities in the 20120 ZIP code. It continues to draw ho..."
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