Is Fairview Ave., IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairview Ave. is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Fairview Ave., IL

How much do homes in Fairview Ave., IL cost?

Median Sold Price

$492,500

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$42,500(+9.4%)

Key Takeaway

Homes in Fairview Ave. have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in Fairview Ave. was $492,500 in April 2024, up 9.4% from last year, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $300K$215K
-28.3%
3 $380.5K$300K
-21.2%
4 $469.5K$575K
+22.5%
5+ $1.7M-
N/A

Summary: Fairview Ave. 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 28.3%, 3 bedroom homes decreased by 21.2%, 4 bedroom homes increased by 22.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Saddle Brook
+16.9%
Fairview Ave.
+9.4%

Housing Supply in Fairview Ave., IL

How many homes are available in Fairview Ave., IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
330.0%

Summary: The Fairview Ave. real estate market had 3 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 00
0.0%
4 22
0.0%
5+ 11
0.0%

Summary: The Fairview Ave. 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairview Ave., you could pay more than the asking price. 100% of homes here sold above asking price last month.

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

Days on Market for Fairview Ave., IL

How long does it take to sell a home in Fairview Ave., IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
50 Days9 Days-82.0%

Summary: Homes in Fairview Ave. had an average of 9 days on market in Apr 2024, down by 82% 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 Fairview Ave. are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 1 homes were sold in Fairview Ave.; 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 4 Days Ago

Newest Listings in Fairview Ave., IL

Nearby Markets to Fairview Ave., IL