Is Fairway Estates, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairway Estates is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Fairway Estates has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Fairway Estates, IL

How much do homes in Fairway Estates, IL cost?

Median Sold Price

$837,500

$282/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$182,500(+27.9%)

Key Takeaway

Homes in Fairway Estates have sold for 27.9% more than they did a month ago.

Summary: The median home sold price in Fairway Estates was $837,500 in April 2024, up 27.9% from last month, and the median price per square foot was $282.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 -$837.5K
N/A
5+ $655K-
N/A

Summary: Fairway Estates housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Fairway Estates, IL

How many homes are available in Fairway Estates, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
35+66.7%

Summary: The Fairway Estates real estate market had 5 homes for sale in April 2024, a 66.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 00
0.0%
4 24
+100.0%
5+ 11
0.0%

Summary: The Fairway Estates 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 increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairway Estates, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Fairway Estates in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Fairway Estates, IL

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

Average Sale Time

Mar 2024Apr 2024CHANGE
288 Days10 Days-96.5%

Summary: Homes in Fairway Estates had an average of 10 days on market in Apr 2024, down by 96.5% compared to last month.

Breakdown of Home Sale Times

2 Homes Were 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 Fairway Estates are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 2 homes were sold in Fairway Estates; 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 6 Days Ago

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