Is Fairgrounds, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairgrounds is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Fairgrounds, CA

How much do homes in Fairgrounds, CA cost?

Median Sold Price

$988,948

$692/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$31,948(+3.3%)

Key Takeaway

Homes in Fairgrounds have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Fairgrounds was $988,948 in November 2024, up 3.3% from last year, and the median price per square foot was $692.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $490K$475K
-3.1%
2 $690K$735K
+6.5%
3 $1.0M$1.1M
+6.8%
4 $1.2M$1.2M
+2.2%
5+ $1.4M$1.2M
-9.8%

Summary: Fairgrounds housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 9.8%.

Housing Supply in Fairgrounds, CA

How many homes are available in Fairgrounds, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
119110-7.6%

Summary: The Fairgrounds real estate market had 110 homes for sale in November 2024, a 7.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 810
+25.0%
2 4636
-21.7%
3 4539
-13.3%
4 1823
+27.8%
5+ 22
0.0%

Summary: The Fairgrounds housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 21.7%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3635-2.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairgrounds, you could pay more than the asking price. 69.7% of homes here sold above asking price last month.

Summary: A total of 35 homes were sold or pending in Fairgrounds in November 2024, down by 2.8% month-over-month. Of the 33 sold homes, 27% were sold under asking, 3% were sold at asking, and 70% were sold over asking.

Days on Market for Fairgrounds, CA

How long does it take to sell a home in Fairgrounds, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
31 Days20 Days-35.4%

Summary: Homes in Fairgrounds had an average of 20 days on market in Nov 2024, down by 35.4% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 35 homes were sold in Fairgrounds; 83% of homes were sold within 30 days, 17% 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 17 Days Ago

Newest Listings in Fairgrounds, CA

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