Is Fairview Heights, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Fairview Heights has remained a Seller's Market.
Housing Prices in Fairview Heights, IL
How much do homes in Fairview Heights, IL cost?
Median Sold Price
$206,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fairview Heights was $206,000 in March 2024, up 19.2% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $43K | $44.2K | +2.9% |
2 Bedrooms | $120K | $115.1K | -4.1% |
3 Bedrooms | $168K | $210K | +25.0% |
4 Bedrooms | $275K | $297.2K | +8.1% |
5+ Bedrooms | $320K | $380K | +18.8% |
Summary: Fairview Heights housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 18.8%.
Median Sold Price Compared To Nearby Cities
Caseyville | $151K | $268.7K | +78.0% |
Fairview Heights | $172.7K | $206K | +19.2% |
Caseyville Township | $214.3K | $248.5K | +15.9% |
Swansea | $249K | $240K | -3.6% |
Housing Supply in Fairview Heights, IL
How many homes are available in Fairview Heights, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 52 | +2.0% |
Summary: The Fairview Heights real estate market had 52 homes for sale in March 2024, a 2.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 6 | 9 | +50.0% |
3 Bedrooms | 28 | 25 | -10.7% |
4 Bedrooms | 15 | 14 | -6.7% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Fairview Heights housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 13 | -27.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Fairview Heights in March 2024, down by 27.8% month-over-month. Of the 13 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for Fairview Heights, IL
How long does it take to sell a home in Fairview Heights, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
20 Days | 52 Days | +152.7% |
Summary: Homes in Fairview Heights had an average of 52 days on market in Mar 2024, up by 152.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in Fairview Heights; 38% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.