$2,718 Closing Credit*
$228,900
912 SqFt
3 Beds
•2 Full Baths
Elyse Rogers, Listing Office: Keller Williams Realty GDM
Is Fairmont Park, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Fairmont Park was a Buyer's Market.
Key Takeaway
Fairmont Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairmont Park, IA
How much do homes in Fairmont Park, IA cost?
Median Sold Price
$199,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,500(+12.1%)
Key Takeaway
Homes in Fairmont Park have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Fairmont Park was $199,000 in October 2024, up 12.1% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $71.5K | $81K | +13.3% |
| 2 Bedrooms | $141.9K | $150K | +5.7% |
| 3 Bedrooms | $196K | $207.5K | +5.9% |
| 4 Bedrooms | $222K | $259.9K | +17.1% |
| 5+ Bedrooms | $172.5K | - | N/A |
Summary: Fairmont Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Accent | $145K | $170K | +17.2% |
| Fairmont Park | $177.5K | $199K | +12.1% |
| Douglas Acres | $205K | $225K | +9.8% |
| Sheridan Gardens | $217K | $212K | -2.3% |
Housing Supply in Fairmont Park, IA
How many homes are available in Fairmont Park, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Summary: The Fairmont Park real estate market had 20 homes for sale in October 2024, a 13.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 12 | 8 | -33.3% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fairmont Park 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fairmont Park, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Fairmont Park in October 2024, down by 55.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Fairmont Park, IA
How long does it take to sell a home in Fairmont Park, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 6 Days | -50.6% |
Summary: Homes in Fairmont Park had an average of 6 days on market in Oct 2024, down by 50.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairmont Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Fairmont Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
