Is Fairland, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairland is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Fairland, IN

How much do homes in Fairland, IN cost?

Median Sold Price

$350,000

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$110,000(+45.8%)

Key Takeaway

Homes in Fairland have sold for 45.8% more than they did a year ago.

Summary: The median home sold price in Fairland was $350,000 in December 2024, up 45.8% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $154.9K$157.9K
+1.9%
3 $238.9K$316.2K
+32.4%
4 $312.5K$407.5K
+30.4%
5+ $465K$399.9K
-14.0%

Summary: Fairland 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 increased by 1.9%, 3 bedroom homes increased by 32.4%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes decreased by 14%.

Median Sold Price Compared To Nearby Cities

Fairland
+45.8%
Brandywine Township
+30.8%

Housing Supply in Fairland, IN

How many homes are available in Fairland, IN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1817-5.6%

Summary: The Fairland real estate market had 17 homes for sale in December 2024, a 5.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1011
+10.0%
4 33
0.0%
5+ 31
-66.7%

Summary: The Fairland 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 remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairland, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Fairland in December 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Fairland, IN

How long does it take to sell a home in Fairland, IN?

Average Sale Time

Dec 2023Dec 2024CHANGE
15 Days21 Days+45.0%

Summary: Homes in Fairland had an average of 21 days on market in Dec 2024, up by 45% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 4 homes were sold in Fairland; 50% of homes were sold within 30 days, 50% 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 4 Days Ago

Newest Listings in Fairland, IN

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