Is Fairview Heights, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairview Heights is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

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

+$20,050(+11.1%)

Key Takeaway

Homes in Fairview Heights have sold for 11.1% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $45K$44.2K
-1.7%
2 $125K$113K
-9.6%
3 $172K$202.5K
+17.7%
4 $280K$279.9K
0%
5+ $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
+51.6%
Caseyville Township
+12.7%
Fairview Heights
+11.1%
Swansea
+3.7%
Canteen Township
-20.2%

Housing Supply in Fairview Heights, IL

How many homes are available in Fairview Heights, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6158-4.9%

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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1511
-26.7%
3 3234
+6.3%
4 1211
-8.3%
5+ 22
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 2024May 2024CHANGE
2219-13.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairview Heights, you could pay more than the asking price. 73.7% of homes here sold above asking price last month.

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 2023May 2024CHANGE
34 Days26 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fairview Heights are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 1 Day Ago

Newest Listings in Fairview Heights, IL

Nearby Markets to Fairview Heights, IL

What housing markets are near Fairview Heights, IL?