Is Fairview Heights, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fairview Heights has remained a Seller's Market.
Housing Prices in Fairview Heights, IL
How much do homes in Fairview Heights, IL cost?
Median Sold Price
$200,000
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fairview Heights was $200,000 in May 2024, up 11.1% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $45K | $44.2K | -1.7% |
2 Bedrooms | $125K | $113K | -9.6% |
3 Bedrooms | $172K | $202.5K | +17.7% |
4 Bedrooms | $280K | $279.9K | 0% |
5+ Bedrooms | $320K | $395K | +23.4% |
Summary: Fairview Heights housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.7%, 2 bedroom homes decreased by 9.6%, 3 bedroom homes increased by 17.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 23.4%.
Median Sold Price Compared To Nearby Cities
Caseyville | $171.5K | $260K | +51.6% |
Caseyville Township | $220K | $248K | +12.7% |
Fairview Heights | $179.9K | $200K | +11.1% |
Swansea | $237.1K | $246K | +3.7% |
Canteen Township | $80.2K | $64K | -20.2% |
Housing Supply in Fairview Heights, IL
How many homes are available in Fairview Heights, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
61 | 58 | -4.9% |
Summary: The Fairview Heights real estate market had 58 homes for sale in May 2024, a 4.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 11 | -26.7% |
3 Bedrooms | 32 | 34 | +6.3% |
4 Bedrooms | 12 | 11 | -8.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Fairview Heights housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 26.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 19 | -13.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Fairview Heights in May 2024, down by 13.6% month-over-month. Of the 19 sold homes, 16% were sold under asking, 11% were sold at asking, and 74% were sold over asking.
Days on Market for Fairview Heights, IL
How long does it take to sell a home in Fairview Heights, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 26 Days | -22.8% |
Summary: Homes in Fairview Heights had an average of 26 days on market in May 2024, down by 22.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Fairview Heights; 47% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.