Is Fairfield, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairfield is a seller's market

Buyer's
Market

Difference Since May 2021

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

Key Takeaway

Fairfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Fairfield, CA cost?

Median Sold Price

$611,139

$341/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$75,732(+14.1%)

Key Takeaway

Homes in Fairfield have sold for 14.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $222.5K$245K
+10.1%
2 $348.4K$391K
+12.2%
3 $469K$549.2K
+17.1%
4 $585K$660K
+12.8%
5+ $690K$785K
+13.8%

Median Sold Price Compared To Nearby Cities

Suisun City
+20.7%
Fairfield
+14.1%
Fairfield-Suisun City
+13.2%

How many homes are available in Fairfield, CA?

Number of Homes For Sale

Apr 2022May 2022%
208223+7.2%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 01
+100.0%
2 1614
-12.5%
3 8094
+17.5%
4 8788
+1.1%
5+ 2526
+4.0%

Number of Homes Sold

Apr 2022May 2022%
7275+4.2%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

51 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairfield, you could pay more than the asking price. 68% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
13 Days5 Days-61.5%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fairfield are selling fast, if you're buying plan to act quickly.

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

About Fairfield, CA

Fairfield, CA has 223 homes for sale to choose from. The inventory of homes for sale in Fairfield, CA between April 2022 and May 2022 increased by 7.2%. Listings spent 5 days on the market in May 2022, and had a median list price of $611,139 during the same period. From April 2022 through May 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 10.1%, the cost of 2 bedrooms properties went up by 12.2%, prices of 3 bedrooms properties went up by 17.1%, 4 bedrooms properties became 12.8% more expensive, the cost of 5 bedrooms properties went up by 13.8%. This housing market inventory have changed: the quantity of 1 bedroom homes went up by 100%, number of 2 bedrooms homes decreased by 12.5%, volume of 3 bedrooms homes went up by 17.5%, 4 bedrooms homes inventory increased by 1.1%, number of 5 bedrooms homes increased by 4%. In May 2022 more than 51 listings in Fairfield, CA were sold above the asking price. During the same period more than 11 listings were sold at asking price, while more than 13 were sold below.

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