Is Fairfax Township, IA 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 Township has remained a Seller's Market.
Housing Prices in Fairfax Township, IA
How much do homes in Fairfax Township, IA cost?
Median Sold Price
$302,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fairfax Township was $302,000 in April 2024, down 7.5% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | - | N/A |
2 Bedrooms | $295K | $253.4K | -14.1% |
3 Bedrooms | $287.5K | $272K | -5.4% |
4 Bedrooms | $379.5K | $425K | +12.0% |
5+ Bedrooms | $450K | $505K | +12.2% |
Summary: Fairfax Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.1%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 12.2%.
Median Sold Price Compared To Nearby Cities
Fairfax | $296.5K | $335K | +13.0% |
Clinton Township | $115K | $126.9K | +10.3% |
Fairfax Township | $326.4K | $302K | -7.5% |
Housing Supply in Fairfax Township, IA
How many homes are available in Fairfax Township, IA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 31 | +10.7% |
Summary: The Fairfax Township real estate market had 31 homes for sale in April 2024, a 10.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Fairfax Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Fairfax Township in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Fairfax Township, IA
How long does it take to sell a home in Fairfax Township, IA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
8 Days | 28 Days | +224.5% |
Summary: Homes in Fairfax Township had an average of 28 days on market in Apr 2024, up by 224.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Fairfax Township; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.