$4,542 Closing Credit*
$382,500
2,102 SqFt
3 Beds
•2 Full Baths, 1 Partial
Marie Schulte, Listing Office: RUHL & RUHL REALTORS®
Is Fairfax Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Fairfax Township has remained a Buyer's Market.
Key Takeaway
Fairfax Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fairfax Township, IA
How much do homes in Fairfax Township, IA cost?
Median Sold Price
$305,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,000(+2.0%)
Key Takeaway
Homes in Fairfax Township have sold for 2% more than they did a year ago.
Summary: The median home sold price in Fairfax Township was $305,000 in November 2024, up 2% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | - | N/A |
| 2 Bedrooms | $260K | $237.5K | -8.7% |
| 3 Bedrooms | $255K | $305K | +19.6% |
| 4 Bedrooms | $385K | $399K | +3.6% |
| 5+ Bedrooms | $505K | $425K | -15.8% |
Summary: Fairfax Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 15.8%.
Median Sold Price Compared To Nearby Cities
| Fairfax | $296.5K | $324.9K | +9.6% |
| Clinton Township | $124K | $132.7K | +7.1% |
| Fairfax Township | $299K | $305K | +2.0% |
Housing Supply in Fairfax Township, IA
How many homes are available in Fairfax Township, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Summary: The Fairfax Township real estate market had 22 homes for sale in November 2024, a 4.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Fairfax Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairfax Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Fairfax Township in November 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Fairfax Township, IA
How long does it take to sell a home in Fairfax Township, IA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 57 Days | +288.6% |
Summary: Homes in Fairfax Township had an average of 57 days on market in Nov 2024, up by 288.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fairfax Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Fairfax Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.