Is Fairview, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Fairview was a Seller's Market.
Key Takeaway
Fairview is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fairview, TN
How much do homes in Fairview, TN cost?
Median Sold Price
$462,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Fairview have sold for 7.4% less than they did a year ago.
Summary: The median home sold price in Fairview was $462,000 in June 2024, down 7.4% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $135K | N/A |
| 2 Bedrooms | $300K | $300.9K | 0.3% |
| 3 Bedrooms | $429.9K | $415.9K | -3.3% |
| 4 Bedrooms | $608.3K | $575K | -5.5% |
| 5+ Bedrooms | $732.2K | $768K | +4.9% |
Summary: Fairview housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.3%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Cities
| Bon Aqua | $390K | $398.2K | +2.1% |
| Fairview | $499K | $462K | -7.4% |
Housing Supply in Fairview, TN
How many homes are available in Fairview, TN?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 105 | 120 | +14.3% |
Summary: The Fairview real estate market had 120 homes for sale in June 2024, a 14.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 64 | 66 | +3.1% |
| 4 Bedrooms | 27 | 39 | +44.4% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Fairview housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 20 | 14 | -30.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairview, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Fairview in June 2024, down by 30.0% month-over-month. Of the 14 sold homes, 43% were sold under asking, 36% were sold at asking, and 21% were sold over asking.
Days on Market for Fairview, TN
How long does it take to sell a home in Fairview, TN?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 31 Days | 21 Days | -33.3% |
Summary: Homes in Fairview had an average of 21 days on market in Jun 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairview are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 14 homes were sold in Fairview; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.