Is Fairview, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairview is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Fairview has remained a Buyer'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

$469,900

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$1,400(+0.3%)

Key Takeaway

The sold price of homes in Fairview has remained the same since last year.

Summary: The median home sold price in Fairview was $469,900 in February 2024, up 0.3% from last year, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $252.5K$294.9K
+16.8%
3 $429.4K$431.6K
0.5%
4 $607K$577.5K
-4.9%
5+ $725K$762.3K
+5.2%

Summary: Fairview housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.8%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 5.2%.

Median Sold Price Compared To Nearby Cities

Bon Aqua
+6.7%
Fairview
0.3%

Housing Supply in Fairview, TN

How many homes are available in Fairview, TN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
76107+40.8%

Summary: The Fairview real estate market had 107 homes for sale in February 2024, a 40.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 87
-12.5%
3 4557
+26.7%
4 1527
+80.0%
5+ 715
+114.3%

Summary: The Fairview housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 114.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
915+66.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairview, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Fairview in February 2024, up by 66.7% month-over-month. Of the 15 sold homes, 47% were sold under asking, 33% were sold at asking, and 20% 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

Feb 2023Feb 2024CHANGE
67 Days36 Days-45.8%

Summary: Homes in Fairview had an average of 36 days on market in Feb 2024, down by 45.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 15 homes were sold in Fairview; 47% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 7% 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 1 Day Ago

Newest Listings in Fairview, TN

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