$1,306 Closing Credit*
$110,000
2 Beds
•1 Full Bath
Listing Office: Keller Williams Pinnacle
Is Fairview Heights, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$204,900
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,847(+3.5%)
Key Takeaway
Homes in Fairview Heights have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Fairview Heights was $204,900 in October 2024, up 3.5% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $37.5K | $51K | +36.0% |
| 2 Bedrooms | $127K | $142.5K | +12.2% |
| 3 Bedrooms | $195K | $205.2K | +5.3% |
| 4 Bedrooms | $272.5K | $310K | +13.8% |
| 5+ Bedrooms | $380K | $415K | +9.2% |
Summary: Fairview Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Cities
| Caseyville | $235K | $263K | +11.9% |
| Caseyville Township | $230K | $251.3K | +9.3% |
| Swansea | $235K | $254.9K | +8.4% |
| Fairview Heights | $198K | $204.9K | +3.5% |
Housing Supply in Fairview Heights, IL
How many homes are available in Fairview Heights, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 77 | 87 | +13.0% |
Summary: The Fairview Heights real estate market had 87 homes for sale in October 2024, a 13.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 16 | 22 | +37.5% |
| 3 Bedrooms | 43 | 46 | +7.0% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Fairview Heights 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 increased by 37.5%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 24 | +26.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairview Heights, you could pay more than the asking price. 54.2% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in Fairview Heights in October 2024, up by 26.3% month-over-month. Of the 24 sold homes, 21% were sold under asking, 25% were sold at asking, and 54% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 54 Days | +20.1% |
Summary: Homes in Fairview Heights had an average of 54 days on market in Oct 2024, up by 20.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairview Heights are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in Fairview Heights; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.