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 April 2023

At the same time last year, Fairbury was a Buyer's Market.

Key Takeaway

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

Housing Prices in Fairbury, IL

How much do homes in Fairbury, IL cost?

Median Sold Price

$135,000

$69/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$16,500(-10.9%)

Key Takeaway

Homes in Fairbury have sold for 10.9% less than they did a year ago.

Summary: The median home sold price in Fairbury was $135,000 in April 2024, down 10.9% from last year, and the median price per square foot was $69.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$55K
N/A
2 $102.5K$121K
+18.0%
3 $153K$150K
-2.0%
4 $170K$185K
+8.8%
5+ $250K$117.5K
-53.0%

Summary: Fairbury 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 increased by 18%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 53%.

Median Sold Price Compared To Nearby Cities

Fairbury
-10.9%
Indian Grove Township
-10.9%

Housing Supply in Fairbury, IL

How many homes are available in Fairbury, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1316+23.1%

Summary: The Fairbury real estate market had 16 homes for sale in April 2024, a 23.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 44
0.0%
3 36
+100.0%
4 44
0.0%
5+ 22
0.0%

Summary: The Fairbury 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were 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. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Fairbury in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Fairbury, IL

How long does it take to sell a home in Fairbury, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
7 Days26 Days+282.9%

Summary: Homes in Fairbury had an average of 26 days on market in Apr 2024, up by 282.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

Summary: During April 2024, 5 homes were sold in Fairbury; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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 10 Days Ago

Newest Listings in Fairbury, IL

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