Is Fairmont Heights, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairmont Heights is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Fairmont Heights, IL

How much do homes in Fairmont Heights, IL cost?

Median Sold Price

$327,500

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$53,500(+19.5%)

Key Takeaway

Homes in Fairmont Heights have sold for 19.5% more than they did a year ago.

Summary: The median home sold price in Fairmont Heights was $327,500 in March 2024, up 19.5% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $243K$219K
-9.9%
3 $228K$330K
+44.7%
4 $513.5K$640K
+24.6%
5+ $450K$400.8K
-10.9%

Summary: Fairmont Heights housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.9%, 3 bedroom homes increased by 44.7%, 4 bedroom homes increased by 24.6%, and 5+ bedroom homes decreased by 10.9%.

Housing Supply in Fairmont Heights, IL

How many homes are available in Fairmont Heights, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
12+100.0%

Summary: The Fairmont Heights real estate market had 2 homes for sale in March 2024, a 100.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 00
0.0%
4 12
+100.0%
5+ 00
0.0%

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

Number of Homes Sold

Feb 2024Mar 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairmont Heights, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Fairmont Heights in March 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Fairmont Heights, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
2 Days4 Days+100.0%

Summary: Homes in Fairmont Heights had an average of 4 days on market in Mar 2024, up by 100% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 Fairmont Heights are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 1 homes were sold in Fairmont Heights; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 30 Days Ago

Newest Listings in Fairmont Heights, IL

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