$2,316 Closing Credit*
$195,000
1,980 SqFt
3 Beds
•1 Full Bath
Listing Office: RES Realty
Is Fairfax Township, MN 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, Fairfax Township has remained a Seller's Market.
Key Takeaway
Fairfax Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairfax Township, MN
How much do homes in Fairfax Township, MN cost?
Median Sold Price
$153,250
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,025(+8.5%)
Key Takeaway
Homes in Fairfax Township have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Fairfax Township was $153,250 in October 2024, up 8.5% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $140.7K | $69.2K | -50.8% |
| 3 Bedrooms | $140K | $141.5K | +1.1% |
| 4 Bedrooms | $190K | $214K | +12.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Fairfax Township 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 decreased by 50.8%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Fairfax Township | $141.2K | $153.2K | +8.5% |
| Andover Township | $433.1K | $450K | +3.9% |
| Crookston Township | $174K | $168K | -3.4% |
| Crookston | $175K | $168K | -4.0% |
Housing Supply in Fairfax Township, MN
How many homes are available in Fairfax Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The Fairfax Township real estate market had 5 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fairfax Township 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairfax Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Fairfax Township in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Fairfax Township, MN
How long does it take to sell a home in Fairfax Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 52 Days | +246.7% |
Summary: Homes in Fairfax Township had an average of 52 days on market in Oct 2024, up by 246.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fairfax Township has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Fairfax Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
