Is Fairfield-Suisun City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Fairfield-Suisun City has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $266K | $280K | +5.3% |
2 Bedrooms | $440K | $420K | -4.5% |
3 Bedrooms | $540K | $540K | 0.0% |
4 Bedrooms | $653K | $649.6K | -0.5% |
5+ Bedrooms | $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 | $613.7K | $615K | 0.2% |
Suisun City | $545K | $545K | 0.0% |
Fairfield-Suisun City | $591.5K | $589.5K | -0.3% |
Vallejo | $540.4K | $525K | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
269 | 284 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 25 | 26 | +4.0% |
3 Bedrooms | 110 | 125 | +13.6% |
4 Bedrooms | 107 | 107 | 0.0% |
5+ Bedrooms | 26 | 25 | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
67 | 79 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 39 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
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.