Is Fairview, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Fairview was a Buyer's Market.
Key Takeaway
Fairview is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Fairview, TN
How much do homes in Fairview, TN cost?
Median Sold Price
$460,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fairview have sold for 4.2% less than they did a year ago.
Summary: The median home sold price in Fairview was $460,000 in May 2024, down 4.2% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $254.9K | $302K | +18.5% |
| 3 Bedrooms | $430K | $415K | -3.5% |
| 4 Bedrooms | $602.8K | $585.4K | -2.9% |
| 5+ Bedrooms | $732.2K | $768K | +4.9% |
Summary: Fairview housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.5%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Cities
| Bon Aqua | $382.5K | $389.9K | +1.9% |
| Fairview | $480K | $460K | -4.2% |
Housing Supply in Fairview, TN
How many homes are available in Fairview, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 98 | 122 | +24.5% |
Summary: The Fairview real estate market had 122 homes for sale in May 2024, a 24.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 61 | 68 | +11.5% |
| 4 Bedrooms | 26 | 39 | +50.0% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Fairview housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 18 | -18.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fairview, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in Fairview in May 2024, down by 18.2% month-over-month. Of the 18 sold homes, 44% were sold under asking, 50% were sold at asking, and 6% were sold over asking.
Days on Market for Fairview, TN
How long does it take to sell a home in Fairview, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 28 Days | +20.1% |
Summary: Homes in Fairview had an average of 28 days on market in May 2024, up by 20.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairview are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Fairview; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listings displayed are the property of the Western Kentucky Regional MLS (WKMLS) and provided here for consumer's personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Each potential buyer is responsible for conducting his or her own independent inspections,investigations, measurements, inquiries and due diligence concerning the property. Although all information contained herein is believed to be accurate, the Real Estate Broker and the Seller of the property make no warranty or guarantee, actual or implied. Copyright 2024 Western Kentucky Regional MLS, Inc.