Is Fairfield-Suisun City, 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-Suisun City has remained a Seller's Market.
Housing Prices in Fairfield-Suisun City, CA
How much do homes in Fairfield-Suisun City, CA cost?
Median Sold Price
$592,000
$337/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fairfield-Suisun City was $592,000 in April 2024, up 1.4% from last year, and the median price per square foot was $337.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $266K | $280K | +5.3% |
2 Bedrooms | $420K | $420K | 0.0% |
3 Bedrooms | $535K | $540K | +0.9% |
4 Bedrooms | $650K | $650K | 0.0% |
5+ Bedrooms | $795K | $806.3K | +1.4% |
Summary: Fairfield-Suisun City 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 did not change, 3 bedroom homes increased by 0.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 1.4%.
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% |
Vallejo | $535K | $525K | -1.9% |
Housing Supply in Fairfield-Suisun City, CA
How many homes are available in Fairfield-Suisun City, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
294 | 289 | -1.7% |
Summary: The Fairfield-Suisun City real estate market had 289 homes for sale in April 2024, a 1.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 25 | 22 | -12.0% |
3 Bedrooms | 130 | 128 | -1.5% |
4 Bedrooms | 110 | 109 | -0.9% |
5+ Bedrooms | 28 | 30 | +7.1% |
Summary: The Fairfield-Suisun City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 12%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
84 | 77 | -8.3% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 77 homes were sold or pending in Fairfield-Suisun City in April 2024, down by 8.3% month-over-month. Of the 75 sold homes, 40% were sold under asking, 21% were sold at asking, and 39% were sold over asking.
Days on Market for Fairfield-Suisun City, CA
How long does it take to sell a home in Fairfield-Suisun City, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
72 Days | 43 Days | -40.2% |
Summary: Homes in Fairfield-Suisun City had an average of 43 days on market in Apr 2024, down by 40.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 77 homes were sold in Fairfield-Suisun City; 10% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.