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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairmount is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Fairmount has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Fairmount, IN

How much do homes in Fairmount, IN cost?

Median Sold Price

$130,000

$80/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$68,000(-34.3%)

Key Takeaway

Homes in Fairmount have sold for 34.3% less than they did a month ago.

Summary: The median home sold price in Fairmount was $130,000 in November 2024, down 34.3% from last month, and the median price per square foot was $80.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $162K$130K
-19.8%
3 -$70K
N/A
4 $298.9K$135K
-54.8%
5+ --
N/A

Summary: Fairmount housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.8%, 3 bedroom homes did not change, 4 bedroom homes decreased by 54.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Fairmount
-34.3%
Fairmount Township
-34.3%

Housing Supply in Fairmount, IN

How many homes are available in Fairmount, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1314+7.7%

Summary: The Fairmount real estate market had 14 homes for sale in November 2024, a 7.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 56
+20.0%
4 65
-16.7%
5+ 01
+100.0%

Summary: The Fairmount 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

5 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 Fairmount, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Fairmount in November 2024, up by 66.7% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Fairmount, IN

We’re sorry, we don't have information for this market at the moment

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

Report Updated 17 Days Ago

Newest Listings in Fairmount, IN

Nearby Markets to Fairmount, IN