Is Fairfield, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Fairfield was a Seller's Market.
Housing Prices in Fairfield, LA
How much do homes in Fairfield, LA cost?
Median Sold Price
$165,000
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fairfield was $165,000 in March 2024, down 12.7% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $58.5K | $60K | +2.6% |
2 Bedrooms | $145K | $100K | -31.0% |
3 Bedrooms | $210K | $215K | +2.4% |
4 Bedrooms | $262.3K | $259.9K | -0.9% |
5+ Bedrooms | $399.9K | $163.5K | -59.1% |
Summary: Fairfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes decreased by 31%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 59.1%.
Median Sold Price Compared To Nearby Neighborhoods
Highland | $89K | $87.5K | -1.7% |
South Highland | $282.5K | $273K | -3.4% |
Fairfield | $189K | $165K | -12.7% |
Housing Supply in Fairfield, LA
How many homes are available in Fairfield, LA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
46 | 48 | +4.3% |
Summary: The Fairfield real estate market had 48 homes for sale in March 2024, a 4.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 16 | 13 | -18.8% |
3 Bedrooms | 16 | 16 | 0.0% |
4 Bedrooms | 12 | 15 | +25.0% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Fairfield 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 decreased by 18.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 4 | -66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Fairfield in March 2024, down by 66.7% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Fairfield, LA
How long does it take to sell a home in Fairfield, LA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 61 Days | +77.2% |
Summary: Homes in Fairfield had an average of 61 days on market in Mar 2024, up by 77.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Fairfield; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.