$23,500
0.50 Acres
Land
Shannon Janic, Listing Office: Lake Homes Realty, LLC
Is Fairdealing, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Fairdealing was a Seller's Market.
Key Takeaway
Fairdealing is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fairdealing, KY
How much do homes in Fairdealing, KY cost?
Median Sold Price
$357,500
$163/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$52,389(+17.2%)
Key Takeaway
Homes in Fairdealing have sold for 17.2% more than they did a month ago.
Summary: The median home sold price in Fairdealing was $357,500 in October 2024, up 17.2% from last month, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $132K | N/A |
| 2 Bedrooms | $751K | $252.5K | -66.4% |
| 3 Bedrooms | $306.5K | $534K | +74.2% |
| 4 Bedrooms | $305.1K | $390K | +27.8% |
| 5+ Bedrooms | - | $410K | N/A |
Summary: Fairdealing 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 decreased by 66.4%, 3 bedroom homes increased by 74.2%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Fairdealing | $305.1K | $357.5K | +17.2% |
| Gilbertsville | $252K | $280K | +11.1% |
Housing Supply in Fairdealing, KY
How many homes are available in Fairdealing, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 57 | +5.6% |
Summary: The Fairdealing real estate market had 57 homes for sale in October 2024, a 5.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 27 | 27 | 0.0% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Fairdealing housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
6 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 Fairdealing, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Fairdealing in October 2024, down by 27.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Fairdealing, KY
We’re sorry, we don't have information for this market at the moment
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listings displayed are the property of the Western Kentucky Regional MLS (WKMLS) and provided here for consumer's personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Each potential buyer is responsible for conducting his or her own independent inspections,investigations, measurements, inquiries and due diligence concerning the property. Although all information contained herein is believed to be accurate, the Real Estate Broker and the Seller of the property make no warranty or guarantee, actual or implied. Copyright 2024 Western Kentucky Regional MLS, Inc.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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