Is Fairview Heights, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairview Heights is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Fairview Heights has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Fairview Heights, IL

How much do homes in Fairview Heights, IL cost?

Median Sold Price

$197,000

$123/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$3,000(-1.5%)

Key Takeaway

Homes in Fairview Heights have sold for 1.5% less than they did a year ago.

Summary: The median home sold price in Fairview Heights was $197,000 in November 2024, down 1.5% from last year, and the median price per square foot was $123.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $37.5K$51.5K
+37.3%
2 $127K$147.5K
+16.1%
3 $195.5K$200K
+2.3%
4 $270K$320.2K
+18.6%
5+ $380K$415K
+9.2%

Summary: Fairview Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.3%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 9.2%.

Median Sold Price Compared To Nearby Cities

Caseyville
+10.8%
Swansea
+8.7%
Caseyville Township
+5.9%
Fairview Heights
-1.5%
Canteen Township
-49.3%

Housing Supply in Fairview Heights, IL

How many homes are available in Fairview Heights, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7873-6.4%

Summary: The Fairview Heights real estate market had 73 homes for sale in November 2024, a 6.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 2021
+5.0%
3 4032
-20.0%
4 1317
+30.8%
5+ 31
-66.7%

Summary: The Fairview Heights 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 increased by 5%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2427+12.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairview Heights, you could pay more than the asking price. 48.1% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in Fairview Heights in November 2024, up by 12.5% month-over-month. Of the 27 sold homes, 33% were sold under asking, 19% were sold at asking, and 48% were sold over asking.

Days on Market for Fairview Heights, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
26 Days43 Days+64.7%

Summary: Homes in Fairview Heights had an average of 43 days on market in Nov 2024, up by 64.7% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Fairview Heights has remained consistent over time.

Summary: During November 2024, 27 homes were sold in Fairview Heights; 33% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 4% 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 30 Days Ago

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Newest Listings in Fairview Heights, IL

Nearby Markets to Fairview Heights, IL

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MLS Disclaimers and Copyright

Based on information from Mid America Regional Information System for the period 12/01/2022 - 12/01/2024

IDX Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX information is provided exclusively for consumers personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.

Listings courtesy of MARIS MLS as distributed by MLS GRID. Copyright © 2024 Mid America Regional Information System (MARIS). All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/30/2024, 11:23:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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