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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairfield-Suisun City is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Fairfield-Suisun City, CA

How much do homes in Fairfield-Suisun City, CA cost?

Median Sold Price

$589,523

$337/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$2,010(-0.3%)

Key Takeaway

The sold price of homes in Fairfield-Suisun City has remained the same since last year.

Summary: The median home sold price in Fairfield-Suisun City was $589,523 in March 2024, down 0.3% from last year, and the median price per square foot was $337.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $266K$280K
+5.3%
2 $440K$420K
-4.5%
3 $540K$540K
0.0%
4 $653K$649.6K
-0.5%
5+ $799K$802.4K
0.4%

Summary: Fairfield-Suisun City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes did not change, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 0.4%.

Median Sold Price Compared To Nearby Cities

Fairfield
0.2%
Suisun City
0.0%
Fairfield-Suisun City
-0.3%
Vallejo
-2.8%

Housing Supply in Fairfield-Suisun City, CA

How many homes are available in Fairfield-Suisun City, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
269284+5.6%

Summary: The Fairfield-Suisun City real estate market had 284 homes for sale in March 2024, a 5.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 2526
+4.0%
3 110125
+13.6%
4 107107
0.0%
5+ 2625
-3.8%

Summary: The Fairfield-Suisun City 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 4%, 3 bedroom homes increased by 13.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 3.8%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
6779+17.9%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

37 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairfield-Suisun City, you could pay more than the asking price. 46.8% of homes here sold above asking price last month.

Summary: A total of 79 homes were sold or pending in Fairfield-Suisun City in March 2024, up by 17.9% month-over-month. Of the 79 sold homes, 33% were sold under asking, 20% were sold at asking, and 47% were sold over asking.

Days on Market for Fairfield-Suisun City, CA

How long does it take to sell a home in Fairfield-Suisun City, CA?

Average Sale Time

Mar 2023Mar 2024CHANGE
63 Days39 Days-38.2%

Summary: Homes in Fairfield-Suisun City had an average of 39 days on market in Mar 2024, down by 38.2% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 79 homes were sold in Fairfield-Suisun City; 14% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

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

Report Updated 24 Days Ago

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