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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairview Heights is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

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

+$33,250(+19.2%)

Key Takeaway

Homes in Fairview Heights have sold for 19.2% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $43K$44.2K
+2.9%
2 $120K$115.1K
-4.1%
3 $168K$210K
+25.0%
4 $275K$297.2K
+8.1%
5+ $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
+78.0%
Fairview Heights
+19.2%
Caseyville Township
+15.9%
Swansea
-3.6%

Housing Supply in Fairview Heights, IL

How many homes are available in Fairview Heights, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5152+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

# BEDSFeb 2024Mar 2024CHANGE
1 12
+100.0%
2 69
+50.0%
3 2825
-10.7%
4 1514
-6.7%
5+ 12
+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 2024Mar 2024CHANGE
1813-27.8%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairview Heights, you could pay more than the asking price. 38.5% of homes here sold above asking price last month.

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 2023Mar 2024CHANGE
20 Days52 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fairview Heights are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

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