$2,553 Closing Credit*
$215,000
1,472 SqFt
2 Beds
•1 Full Bath
Charlene Gaard, Listing Office: No Limit Real Estate, LLC
Is Fairgrounds, IN 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, Fairgrounds has remained a Seller's Market.
Key Takeaway
Fairgrounds is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairgrounds, IN
How much do homes in Fairgrounds, IN cost?
Median Sold Price
$225,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,600(+8.5%)
Key Takeaway
Homes in Fairgrounds have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Fairgrounds was $225,000 in October 2024, up 8.5% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $285K | +83.9% |
| 2 Bedrooms | $205K | $212K | +3.4% |
| 3 Bedrooms | $220K | $240K | +9.1% |
| 4 Bedrooms | $240K | $239K | -0.4% |
| 5+ Bedrooms | - | $309.9K | N/A |
Summary: Fairgrounds housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83.9%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Fairgrounds | $207.4K | $225K | +8.5% |
| Montrose | $190K | $199K | +4.7% |
Housing Supply in Fairgrounds, IN
How many homes are available in Fairgrounds, IN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 38 | +26.7% |
Summary: The Fairgrounds real estate market had 38 homes for sale in October 2024, a 26.7% increase 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 | 15 | 18 | +20.0% |
| 3 Bedrooms | 12 | 16 | +33.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fairgrounds 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 20%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairgrounds, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Fairgrounds in October 2024, up by 60.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Fairgrounds, IN
How long does it take to sell a home in Fairgrounds, IN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 61 Days | +16.5% |
Summary: Homes in Fairgrounds had an average of 61 days on market in Oct 2024, up by 16.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairgrounds are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Fairgrounds; 63% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.