$2,713 Closing Credit*
$228,500
1,687 SqFt
3 Beds
•2 Full Baths
Leslie Davis, Listing Office: Pelican Realty Advisors
Is Fairfield, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Fairfield was a Neutral Market.
Key Takeaway
Fairfield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fairfield, LA
How much do homes in Fairfield, LA cost?
Median Sold Price
$184,000
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,000(+1.1%)
Key Takeaway
Homes in Fairfield have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Fairfield was $184,000 in October 2024, up 1.1% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $66K | $60K | -9.1% |
| 2 Bedrooms | $100K | $131.6K | +31.6% |
| 3 Bedrooms | $222K | $200K | -9.9% |
| 4 Bedrooms | $247.5K | $375K | +51.5% |
| 5+ Bedrooms | $387.2K | $320K | -17.4% |
Summary: Fairfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 31.6%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes increased by 51.5%, and 5+ bedroom homes decreased by 17.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Highland | $82.5K | $99.5K | +20.6% |
| South Highland | $269K | $277.5K | +3.2% |
| Fairfield | $182K | $184K | +1.1% |
Housing Supply in Fairfield, LA
How many homes are available in Fairfield, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 42 | -4.5% |
Summary: The Fairfield real estate market had 42 homes for sale in October 2024, a 4.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Fairfield housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairfield, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Fairfield in October 2024, down by 66.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Fairfield, LA
We’re sorry, we don't have information for this market at the moment
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