Is Fairfield, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Fairfield has remained a Seller's Market.
Housing Prices in Fairfield, TX
How much do homes in Fairfield, TX cost?
Median Sold Price
$398,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fairfield was $398,000 in April 2024, down 0.5% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $320K | $325.7K | +1.8% |
3 Bedrooms | $335K | $326.7K | -2.5% |
4 Bedrooms | $425K | $431K | +1.4% |
5+ Bedrooms | $568K | $673.2K | +18.5% |
Summary: Fairfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 18.5%.
Housing Supply in Fairfield, TX
How many homes are available in Fairfield, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
61 | 76 | +24.6% |
Summary: The Fairfield real estate market had 76 homes for sale in April 2024, a 24.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 15 | 17 | +13.3% |
4 Bedrooms | 42 | 50 | +19.0% |
5+ Bedrooms | 2 | 8 | +300.0% |
Summary: The Fairfield 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 decreased by 50%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 20 | +25.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Fairfield in April 2024, up by 25.0% month-over-month. Of the 20 sold homes, 50% were sold under asking, 35% were sold at asking, and 15% were sold over asking.
Days on Market for Fairfield, TX
How long does it take to sell a home in Fairfield, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 22 Days | -22.4% |
Summary: Homes in Fairfield had an average of 22 days on market in Apr 2024, down by 22.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Fairfield; 80% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.