Is Fairbury, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairbury is a seller's market

Buyer's
Market

Difference Since September 2021

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

Key Takeaway

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

How much do homes in Fairbury, IL cost?

Median Sold Price

$135,000

$74/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$29,500(+28.0%)

Key Takeaway

Homes in Fairbury have sold for 28% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $68.5K$102.5K
+49.6%
3 $125K$134K
+7.2%
4 $147.5K$170K
+15.3%
5+ $95K$81.7K
-13.9%

Median Sold Price Compared To Nearby Cities

Fairbury
+28.0%
Indian Grove Township
+22.2%

How many homes are available in Fairbury, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
15150.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 44
0.0%
3 34
+33.3%
4 86
-25.0%
5+ 01
+100.0%

Number of Homes Sold

Aug 2022Sep 2022%
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairbury, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
77 Days8 Days-89.6%

Breakdown of Home Sale Times

3 Homes Were 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 Fairbury 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 Fairbury, IL

Fairbury, IL has 15 homes for sale to choose from. In September 2022, listings were on the market for 8 days. During the same period, the median list price in this real estate market was $135,000. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, 2 bedrooms properties became 49.6% more expensive, 3 bedrooms properties prices increased by 7.2%, prices of 4 bedrooms properties increased by 15.3%, the cost of 5 bedrooms properties went down by 13.9%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes inventory increased by 33.3%, volume of 4 bedrooms homes went down by 25%, 5 bedrooms homes inventory increased by 100%. Fairbury, IL housing market in September 2022 saw over 1 listings sold above listed price, more than 1 sold at listed price and over 1 sold below.

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