Is Fairplay, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairplay is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Fairplay was a Seller's Market.

Key Takeaway

Fairplay is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Fairplay, CO

How much do homes in Fairplay, CO cost?

Median Sold Price

$800,000

$371/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$120,000(+17.6%)

Key Takeaway

Homes in Fairplay have sold for 17.6% more than they did a month ago.

Summary: The median home sold price in Fairplay was $800,000 in November 2024, up 17.6% from last month, and the median price per square foot was $371.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $465K$220K
-52.7%
2 $646K$555K
-14.1%
3 $741K$842.5K
+13.7%
4 -$770K
N/A
5+ $680K$1.0M
+50.0%

Summary: Fairplay housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 52.7%, 2 bedroom homes decreased by 14.1%, 3 bedroom homes increased by 13.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 50%.

Housing Supply in Fairplay, CO

How many homes are available in Fairplay, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9383-10.8%

Summary: The Fairplay real estate market had 83 homes for sale in November 2024, a 10.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 43
-25.0%
2 1414
0.0%
3 5546
-16.4%
4 1516
+6.7%
5+ 54
-20.0%

Summary: The Fairplay housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.4%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1712-29.4%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairplay, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Fairplay in November 2024, down by 29.4% month-over-month. Of the 12 sold homes, 75% were sold under asking, 8% were sold at asking, and 17% were sold over asking.

Days on Market for Fairplay, CO

How long does it take to sell a home in Fairplay, CO?

Average Sale Time

Oct 2024Nov 2024CHANGE
100 Days86 Days-14.1%

Summary: Homes in Fairplay had an average of 86 days on market in Nov 2024, down by 14.1% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Fairplay are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 12 homes were sold in Fairplay; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% 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

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