Is Fairfield Bay, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairfield Bay is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Fairfield Bay was a Buyer's Market.

Key Takeaway

Fairfield Bay 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 Fairfield Bay, AR

How much do homes in Fairfield Bay, AR cost?

Median Sold Price

$115,000

$108/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$32,500(+39.4%)

Key Takeaway

Homes in Fairfield Bay have sold for 39.4% more than they did a month ago.

Summary: The median home sold price in Fairfield Bay was $115,000 in March 2024, up 39.4% from last month, and the median price per square foot was $108.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 -$63K
N/A
2 $82.5K$105K
+27.3%
3 -$275K
N/A
4 --
N/A
5+ -$820K
N/A

Summary: Fairfield Bay housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.3%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Morgan Township
+260.9%
Indian Rock Township
+42.4%
Fairfield Bay
+39.4%

Housing Supply in Fairfield Bay, AR

How many homes are available in Fairfield Bay, AR?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6078+30.0%

Summary: The Fairfield Bay real estate market had 78 homes for sale in March 2024, a 30.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 99
0.0%
2 2025
+25.0%
3 2331
+34.8%
4 57
+40.0%
5+ 36
+100.0%

Summary: The Fairfield Bay housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 34.8%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
413+225.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairfield Bay, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Fairfield Bay in March 2024, up by 225.0% month-over-month. Of the 13 sold homes, 77% were sold under asking, 15% were sold at asking, and 8% were sold over asking.

Days on Market for Fairfield Bay, AR

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Fairfield Bay, AR

Nearby Markets to Fairfield Bay, AR

What housing markets are near Fairfield Bay, AR?