$1,483 Closing Credit*
$124,900
1,548 SqFt
3 Beds
•1 Full Bath, 1 Partial
Robert Salmons, Listing Office: Entera Realty LLC
Is Fairfield, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Fairfield was a Seller's Market.
Key Takeaway
Fairfield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fairfield, AL
How much do homes in Fairfield, AL cost?
Median Sold Price
$103,000
$100/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$69,000(+202.9%)
Key Takeaway
Homes in Fairfield have sold for 202.9% more than they did a month ago.
Summary: The median home sold price in Fairfield was $103,000 in November 2024, up 202.9% from last month, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $34K | - | N/A |
| 2 Bedrooms | $30K | - | N/A |
| 3 Bedrooms | $75K | $103K | +37.3% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Fairfield housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 37.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Fairfield | $34K | $103K | +202.9% |
| Birmingham | $274K | $263.6K | -3.8% |
Housing Supply in Fairfield, AL
How many homes are available in Fairfield, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 26 | +4.0% |
Summary: The Fairfield real estate market had 26 homes for sale in November 2024, a 4.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Fairfield housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairfield, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Fairfield in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Fairfield, AL
How long does it take to sell a home in Fairfield, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 124 Days | 58 Days | -53.0% |
Summary: Homes in Fairfield had an average of 58 days on market in Nov 2024, down by 53% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fairfield are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Fairfield; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
