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 December 2023

At the same time last year, Fairbury was a Neutral 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

$149,950

$77/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$50(0%)

Key Takeaway

The sold price of homes in Fairbury has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $55K-
N/A
2 $141.2K$133K
-5.8%
3 $150K$155K
+3.3%
4 $170K$180.5K
+6.2%
5+ $160K$75K
-53.1%

Summary: Fairbury housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 53.1%.

Median Sold Price Compared To Nearby Cities

Fairbury
0%
Indian Grove Township
-0.1%

Housing Supply in Fairbury, IL

How many homes are available in Fairbury, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1713-23.5%

Summary: The Fairbury real estate market had 13 homes for sale in December 2024, a 23.5% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 41
-75.0%
3 76
-14.3%
4 55
0.0%
5+ 11
0.0%

Summary: The Fairbury 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 75%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
440.0%

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 December 2024, the same as the previous 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

Dec 2023Dec 2024CHANGE
43 Days73 Days+70.9%

Summary: Homes in Fairbury had an average of 73 days on market in Dec 2024, up by 70.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 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 December 2024, 4 homes were sold in Fairbury; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Fairbury, IL

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