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 buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Fairfield Bay has remained a Buyer's Market.

Key Takeaway

Fairfield Bay is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Fairfield Bay, AR

How much do homes in Fairfield Bay, AR cost?

Median Sold Price

$120,000

$107/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$8,000(+7.1%)

Key Takeaway

Homes in Fairfield Bay have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Fairfield Bay was $120,000 in November 2024, up 7.1% from last year, and the median price per square foot was $107.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $72K$62K
-13.9%
2 $111.5K$105K
-5.8%
3 $146.9K$220K
+49.7%
4 -$389K
N/A
5+ -$712.5K
N/A

Summary: Fairfield Bay housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.9%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 49.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Indian Rock Township
+13.8%
Fairfield Bay
+7.1%

Housing Supply in Fairfield Bay, AR

How many homes are available in Fairfield Bay, AR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8183+2.5%

Summary: The Fairfield Bay real estate market had 83 homes for sale in November 2024, a 2.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 99
0.0%
2 3435
+2.9%
3 2526
+4.0%
4 1010
0.0%
5+ 33
0.0%

Summary: The Fairfield Bay housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
124-66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were 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. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Fairfield Bay in November 2024, down by 66.7% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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 10 Days Ago

Newest Listings in Fairfield Bay, AR

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