$3,440,000
8,568 SqFt
Michael J Burke, Pamela Burke Pamela Burke, Listing Office: Golden Gate Sotheby's International Realty
Is Fairfax, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Fairfax has remained a Seller's Market.
Key Takeaway
Fairfax is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairfax, CA
How much do homes in Fairfax, CA cost?
Median Sold Price
$1,200,000
$794/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,500(-0.2%)
Key Takeaway
The sold price of homes in Fairfax has remained the same since last year.
Summary: The median home sold price in Fairfax was $1,200,000 in October 2024, down 0.2% from last year, and the median price per square foot was $794.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $688.7K | $755K | +9.6% |
| 2 Bedrooms | $967.5K | $1.0M | +7.2% |
| 3 Bedrooms | $1.2M | $1.2M | +2.1% |
| 4 Bedrooms | $1.3M | $1.4M | +7.1% |
| 5+ Bedrooms | $1.6M | $1.6M | -3.7% |
Summary: Fairfax housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Ross Valley | $1.6M | $1.7M | +7.2% |
| Fairfax | $1.2M | $1.2M | -0.2% |
| San Anselmo | $1.7M | $1.5M | -8.2% |
Housing Supply in Fairfax, CA
How many homes are available in Fairfax, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 34 | +25.9% |
Summary: The Fairfax real estate market had 34 homes for sale in October 2024, a 25.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 10 | +66.7% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Fairfax housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairfax, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Fairfax in October 2024, up by 125.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% were sold over asking.
Days on Market for Fairfax, CA
How long does it take to sell a home in Fairfax, CA?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fairfax has remained consistent over time.
Summary: During October 2024, 9 homes were sold in Fairfax; 0% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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