53 homes sold in Fairlawn in the last year, at a typical $351K
About one sale in 3 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Fairlawn homes are listed.
Every place Fairlawn homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Fairlawn.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 60% of Fairlawn’s sales, at a typical $435K
53 homes sold in the year to May 2026.
typical sale · 32 sold in 12 months
- Per square foot
- $173VA $222
- Days to sell
- 74
- Sold over asking
- 16%
- Listings with a price cut
- 16%
Townhouses: 21 sold, typical $296K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.5 times the 2019 price
53 sales in the last year, against 57 in 2025 and a low of 30 in 2023. The typical sale went from $236K in 2019 to $351K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $350K buys in Fairlawn
Check a listing against what Fairlawn homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Fairlawn are rarer than before the pandemic, with about as many homes for sale
We read every month of Fairlawn’s home sales since 2019 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 53 sales.
If you’re buying in Fairlawn
- Shop in March. It brings about 5 new listings a month, close to the busiest month, with fewer bidding wars (10% over asking).
- Bid near asking. Buyers paid 98.9% of the list price on average; 13% paid over.
- You’ll usually have time. Only 35% of homes go under contract within two weeks; the typical one takes 93 days.
Spring brings the homes; winter brings the bidding wars
March has the most new listings (about 5 a month), but February is the most competitive: 47% of February sales close over asking. January has the least competition (8%) but only about 2 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than Virginia
| Fairlawn now | 2017–19 | 2021 peak | VA now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 13% | 20% | 48% | 31% |
| Gone within two weeksShare of homes under contract within 14 days | 35% | 0% | 0% | 43% |
| Listings with a price cutShare of homes for sale that cut their price | 18% | — | — | 25% |
| Price paid vs. askingAverage sale price ÷ list price | 98.9% | 98.5% | 100.5% | 99.3% |
| Days to sellMedian days from listing to contract | 93 | 275 | 78 | 38 |
12 homes for sale on a typical day
That’s 3.2 times the 2023 low (4), about the 2017–19 level and well under 2025’s 18.
1 in 5 listings has cut its price
18% in the last year, against — in 2017–19 and 25% across Virginia.
Source: Redfin Data Center, city market tracker, January 2019 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Fairlawn home costs about $1,991 a month
Price: Fairlawn’s typical sale, last 12 months. Property tax at Fairlawn’s 0.6% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Fairlawn is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in March
The month with the most choice. January has the fewest, about 2.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $351K home, about $1,920 a year.
Taxes vs. neighborsSchools
The schools grade for Fairlawn, from test results, graduation and how much students grow.
Schools in FairlawnTypical commute
The average one-way trip to work for people who live in Fairlawn.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Radford, Dublin, Pulaski and Pearisburg sell for less a square foot; Blacksburg for far more
The busier markets within 25 miles of Fairlawn, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Christiansburg | 335 | $325K | $181 | 29% | 23 |
| Blacksburg | 291 | $433K | $231 | 20% | 27 |
| Pulaski | 148 | $181K | $125 | 20% | 34 |
| Radford | 131 | $268K | $162 | 20% | 27 |
| Fairlawn | 53 | $351K | $172 | 13% | 93 |
| Pearisburg | 35 | $233K | $135 | 14% | 35 |
| Dublin | 28 | $201K | $162 | 29% | 22 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Fairlawn, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Fairlawn. People who follow the town see it, and so do people comparing Fairlawn with their own town. No commission, no listing fee.
Questions about buying a home in Fairlawn
What do homes sell for in Fairlawn, VA?
53 homes sold in the year to May 2026 at a typical $351K, $172 a square foot.
Is Fairlawn a buyer’s or seller’s market?
A balanced market: 14 homes were for sale in May 2026 and 3 sold, about 4.7 months of supply. Buyers paid 98.9% of asking on average, and 18% of listings cut their price.
When is the best time to buy in Fairlawn?
March brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Fairlawn?
About 0.6% of a home’s value a year. On a $351K home that’s near $1,920.
Where can I see homes for sale in Fairlawn?
Zillow, Redfin, Realtor.com and Homes.com all carry Fairlawn’s MLS listings; the search links above open each one filtered to Fairlawn.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).