Is Fairbury, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairbury is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Fairbury was a Buyer's Market.

Key Takeaway

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

Housing Prices in Fairbury, IL

How much do homes in Fairbury, IL cost?

Median Sold Price

$147,950

$77/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$2,050(-1.4%)

Key Takeaway

Homes in Fairbury have sold for 1.4% less than they did a year ago.

Summary: The median home sold price in Fairbury was $147,950 in November 2024, down 1.4% from last year, and the median price per square foot was $77.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$55K
N/A
2 $137.5K$133K
-3.3%
3 $132.5K$147.5K
+11.3%
4 $170K$185.5K
+9.1%
5+ $160K$75K
-53.1%

Summary: Fairbury 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 3.3%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 53.1%.

Median Sold Price Compared To Nearby Cities

Fairbury
-1.4%
Indian Grove Township
-2.7%

Housing Supply in Fairbury, IL

How many homes are available in Fairbury, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1416+14.3%

Summary: The Fairbury real estate market had 16 homes for sale in November 2024, a 14.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 44
0.0%
3 37
+133.3%
4 64
-33.3%
5+ 11
0.0%

Summary: The Fairbury 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 133.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairbury, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Fairbury in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Fairbury, IL

How long does it take to sell a home in Fairbury, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
35 Days20 Days-42.9%

Summary: Homes in Fairbury had an average of 20 days on market in Nov 2024, down by 42.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in Fairbury; 75% of homes were sold within 30 days, 25% 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 2 Days Ago

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