$2,399 Closing Credit*
$202,000
850 SqFt
2 Beds
•1 Full Bath
Jenny Farrell, Listing Office: RE/MAX Concepts
Is Fairground, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Fairground has remained a Seller's Market.
Key Takeaway
Fairground is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairground, IA
How much do homes in Fairground, IA cost?
Median Sold Price
$159,250
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$9,250(+6.2%)
Key Takeaway
Homes in Fairground have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Fairground was $159,250 in December 2024, up 6.2% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.1K | $79.2K | -22.4% |
| 2 Bedrooms | $136.9K | $150K | +9.5% |
| 3 Bedrooms | $165K | $185K | +12.1% |
| 4 Bedrooms | $180K | $186.6K | +3.7% |
| 5+ Bedrooms | $188K | $233.5K | +24.2% |
Summary: Fairground housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.4%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 24.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Accent | $155K | $170K | +9.7% |
| Fairground | $150K | $159.2K | +6.2% |
| Capitol East | $129K | $136K | +5.4% |
Housing Supply in Fairground, IA
How many homes are available in Fairground, IA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Summary: The Fairground real estate market had 22 homes for sale in December 2024, a 4.8% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fairground housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairground, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Fairground in December 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Fairground, IA
How long does it take to sell a home in Fairground, IA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 44 Days | 72 Days | +64.6% |
Summary: Homes in Fairground had an average of 72 days on market in Dec 2024, up by 64.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairground are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 5 homes were sold in Fairground; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
