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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairview is a seller's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

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

How much do homes in Fairview, TN cost?

Median Sold Price

$423,025

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$69,321(+19.6%)

Key Takeaway

Homes in Fairview have sold for 19.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 -$185K
N/A
2 $202.5K$252.5K
+24.7%
3 $335K$400K
+19.4%
4 $433.5K$522.4K
+20.5%
5+ $505.1K$712.4K
+41.0%

Median Sold Price Compared To Nearby Cities

Fairview
+19.6%
Bon Aqua
+4.7%

How many homes are available in Fairview, TN?

Number of Homes For Sale

Jul 2022Aug 2022%
6577+18.5%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 21
-50.0%
3 3034
+13.3%
4 2733
+22.2%
5+ 69
+50.0%

Number of Homes Sold

Jul 2022Aug 2022%
818+125.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairview, you could pay more than the asking price. 38.9% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
3 Days26 Days+706.5%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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.

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

About Fairview, TN

Homes for sale in Fairview, TN have reached 77. In August 2022 in Fairview, TN there were 18.5% more homes for sale than in July 2022. Listings spent 26 days on the market in August 2022, and had a median list price of $423,025 during the same period. Listing prices have changed in this real estate market between July 2022 and August 2022: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 24.7% more expensive, prices of 3 bedrooms properties increased by 19.4%, the cost of 4 bedrooms properties went up by 20.5%, prices of 5 bedrooms properties went up by 41%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, number of 2 bedrooms homes decreased by 50%, volume of 3 bedrooms homes went up by 13.3%, number of 4 bedrooms homes increased by 22.2%, volume of 5 bedrooms homes went up by 50%. Over 7 listings were sold over their listed price in August 2022 in Fairview, TN. In the same period over 6 listings were sold below the listed price and 5 listings were sold for the listed price.

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