$1,186 Closing Credit*
$99,900
3,210 SqFt
8 Beds
•3 Full Baths, 1 Partial
Christopher Parker, Listing Office: EXP Realty
Is Fairview, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Fairview has remained a Seller's Market.
Key Takeaway
Fairview is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairview, MI
How much do homes in Fairview, MI cost?
Median Sold Price
$192,000
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$58,000(+43.3%)
Key Takeaway
Homes in Fairview have sold for 43.3% more than they did a year ago.
Summary: The median home sold price in Fairview was $192,000 in October 2024, up 43.3% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $133K | - | N/A |
| 2 Bedrooms | $155K | $253.2K | +63.4% |
| 3 Bedrooms | $134K | $156.2K | +16.6% |
| 4 Bedrooms | $110K | $220K | +100.0% |
| 5+ Bedrooms | - | $219K | N/A |
Summary: Fairview housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 63.4%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 100%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Fairview | $134K | $192K | +43.3% |
| Mio | $105K | $115K | +9.5% |
| Comins Township | $145K | $153.7K | +6.0% |
Housing Supply in Fairview, MI
How many homes are available in Fairview, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Summary: The Fairview real estate market had 6 homes for sale in October 2024, a 14.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Fairview 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 increased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairview, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Fairview in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Fairview, MI
We’re sorry, we don't have information for this market at the moment
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