Is Fairfield, CA 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.
Key Takeaway
Fairfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairfield, CA
How much do homes in Fairfield, CA cost?
Median Sold Price
$619,000
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fairfield have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Fairfield was $619,000 in April 2024, up 2.7% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $266K | $280K | +5.3% |
| 2 Bedrooms | $385K | $405K | +5.2% |
| 3 Bedrooms | $540K | $545K | +0.9% |
| 4 Bedrooms | $675K | $680K | +0.7% |
| 5+ Bedrooms | $797.5K | $810K | +1.6% |
Summary: Fairfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Cities
| Fairfield | $602.6K | $619K | +2.7% |
| Suisun City | $540K | $549K | +1.7% |
| Fairfield-Suisun City | $583.9K | $592K | +1.4% |
Housing Supply in Fairfield, CA
How many homes are available in Fairfield, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 241 | 228 | -5.4% |
Summary: The Fairfield real estate market had 228 homes for sale in April 2024, a 5.4% decrease 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 | 25 | 21 | -16.0% |
| 3 Bedrooms | 101 | 92 | -8.9% |
| 4 Bedrooms | 88 | 86 | -2.3% |
| 5+ Bedrooms | 27 | 29 | +7.4% |
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 16%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 7.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 71 | 63 | -11.3% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairfield, you may be able to get a good deal. 42.6% of homes here sold below asking price last month.
Summary: A total of 63 homes were sold or pending in Fairfield in April 2024, down by 11.3% month-over-month. Of the 61 sold homes, 43% were sold under asking, 21% were sold at asking, and 36% were sold over asking.
Days on Market for Fairfield, CA
How long does it take to sell a home in Fairfield, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 84 Days | 46 Days | -45.3% |
Summary: Homes in Fairfield had an average of 46 days on market in Apr 2024, down by 45.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fairfield has remained consistent over time.
Summary: During April 2024, 63 homes were sold in Fairfield; 8% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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