$1,543 Closing Credit*
$129,900
1,392 SqFt
3 Beds
•2 Full Baths
Tahira Khadair, Listing Office: New Image Realty
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
Since last month, 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, AL
How much do homes in Fairfield, AL cost?
Median Sold Price
$108,500
$55/sqft
Based on all homes sold in September 2024.
Difference Since Last Month
-$16,000(-12.9%)
Key Takeaway
Homes in Fairfield have sold for 12.9% less than they did a month ago.
Summary: The median home sold price in Fairfield was $108,500 in September 2024, down 12.9% from last month, and the median price per square foot was $55.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $29K | N/A |
| 3 Bedrooms | $124.5K | $115K | -7.6% |
| 4 Bedrooms | $161K | $177K | +9.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Fairfield housing prices by bedroom type for September 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 decreased by 7.6%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Midfield | $65K | $107.2K | +65.0% |
| Birmingham | $264.9K | $295.3K | +11.4% |
| Fairfield | $124.5K | $108.5K | -12.9% |
Housing Supply in Fairfield, AL
How many homes are available in Fairfield, AL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 24 | 21 | -12.5% |
Summary: The Fairfield real estate market had 21 homes for sale in September 2024, a 12.5% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fairfield housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fairfield, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Fairfield in September 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 13 Days | 36 Days | +168.7% |
Summary: Homes in Fairfield had an average of 36 days on market in Sep 2024, up by 168.7% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairfield are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 4 homes were sold in Fairfield; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
