Is Fairfax, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Fairfax has remained a Seller's Market.
Housing Prices in Fairfax, CA
How much do homes in Fairfax, CA cost?
Median Sold Price
$1,875,625
$816/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fairfax was $1,875,625 in April 2024, down 9.5% from last year, and the median price per square foot was $816.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $552.5K | $554.5K | 0.4% |
2 Bedrooms | $1.3M | $1.3M | +5.9% |
3 Bedrooms | $1.7M | $1.6M | -5.8% |
4 Bedrooms | $2.2M | $2.2M | +1.5% |
5+ Bedrooms | $3.5M | $2.7M | -23.1% |
Summary: Fairfax housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes increased by 5.9%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 23.1%.
Median Sold Price Compared To Nearby Neighborhoods
Eastside West Hollywood | $1.3M | $1.6M | +19.8% |
Center City | $875K | $900K | +2.9% |
Fairfax | $2.0M | $1.8M | -9.5% |
Hancock Park | $2.1M | $1.5M | -28.4% |
Housing Supply in Fairfax, CA
How many homes are available in Fairfax, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 51 | +27.5% |
Summary: The Fairfax real estate market had 51 homes for sale in April 2024, a 27.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 11 | 16 | +45.5% |
4 Bedrooms | 8 | 12 | +50.0% |
5+ Bedrooms | 18 | 21 | +16.7% |
Summary: The Fairfax housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 45.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 9 | +200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Fairfax in April 2024, up by 200.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Fairfax, CA
How long does it take to sell a home in Fairfax, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 38 Days | +36.1% |
Summary: Homes in Fairfax had an average of 38 days on market in Apr 2024, up by 36.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Fairfax; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.