More than 23,000 people reside in the community of Bailey's Crossroads, which is located off of Route 7 in Fairfax County and was the original home of the Ringling Brothers Circus. It includes the huge Skyline hi-rise condo and the Lake Barcroft neighborhood. Settlers began arriving in the area in the early 17th century, but the county was not officially created until 1742. Residents today appreciate the area's many attractions including the Masonic Temple, Arlington National Cemetery, the White House and Manassas Battlefield. Recreational opportunities are practically endless. Fairfax County is home to approximately 300 parks covering 30,000 acres, seven golf courses and eight recreational centers.
Bailey's Crossroads is near many exciting destinations. Nearby Interstate 395 provides easy access to Washington, D.C., just 10 miles away. The Ronald Reagan Washington National Airport and the Washington-Dulles International Airport are nearby as well. Philadelphia, Pennsylvania, is approximately 160 miles away, which makes it an ideal weekend getaway. The highly regarded Fairfax County Public School system serves students in Bailey's Crossroads. The system enrolls more than 168,000 students and consists of more than 170 elementary, middle and high schools.
Real estate options are varied, with single-family homes, townhouses and condominiums available at reasonable prices. The prime location of Bailey's Crossroads and its proximity to a host of historical, recreational, educational and vocational options make it a favorable home for individuals, families and businesses alike.
Price Range of Bailey's Crossroads Real Estate Market
The real estate market in Bailey's Crossroads consists of condominiums, townhouses, single-family homes and land for custom development. Prices for condominiums in Bailey's Crossroads and Fairfax County townhouses range from the mid-$100,000s for one bedroom units to the upper $200,000s for two or three bedrooms. These properties are typically high-rise and contemporary style. Bailey's Crossroads also features listings for homes for sale that are priced from the $300,000s to the low $400,000s for larger estate properties. Many of these homes are of the Cape Cod or rambler styles and have three bedrooms, basements, large lots of a quarter acre or more and carports or attached garages. Some of these homes have scenic garden views. A limited selection of land and lots is available for custom building.
Baileys Crossroads Real Estate Stats and Trends for the week of April 19th, 2020: homes priced around $799,780 compared to $799,780 the previous week, to remain steady with no change in listing price. For Sunday, April 19th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.