$1,009 Closing Credit*
$85,000
4 Beds
•1 Full Bath
Cyndi Reneau, Listing Office: Moving Real Estate
Is Fairmount, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Fairmount was a Seller's Market.
Key Takeaway
Fairmount is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fairmount, IN
How much do homes in Fairmount, IN cost?
Median Sold Price
$298,950
$158/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$146,450(+96.0%)
Key Takeaway
Homes in Fairmount have sold for 96% more than they did a month ago.
Summary: The median home sold price in Fairmount was $298,950 in October 2024, up 96% from last month, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215K | - | N/A |
| 3 Bedrooms | $77.4K | - | N/A |
| 4 Bedrooms | $152.5K | $298.9K | +96.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Fairmount housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 96%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Fairmount | $152.5K | $298.9K | +96.0% |
| Fairmount Township | $152.5K | $298.9K | +96.0% |
Housing Supply in Fairmount, IN
How many homes are available in Fairmount, IN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The Fairmount real estate market had 15 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Fairmount 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 decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fairmount, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Fairmount in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Fairmount, IN
We’re sorry, we don't have information for this market at the moment
The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.