$5,639 Closing Credit*
$474,900
2,608 SqFt
4 Beds
•2 Full Baths, 1 Partial
#6573409, Jessie Uglem, Listing Office: Hammer Realty
Is Fairmount, ND a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Fairmount has remained a Seller's Market.
Key Takeaway
Fairmount is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairmount, ND
How much do homes in Fairmount, ND cost?
Median Sold Price
$250,900
$194/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$150,900(+150.9%)
Key Takeaway
Homes in Fairmount have sold for 150.9% more than they did a month ago.
Summary: The median home sold price in Fairmount was $250,900 in November 2024, up 150.9% from last month, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $100K | - | N/A |
| 4 Bedrooms | - | $250.9K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Fairmount housing prices by bedroom type for November 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 did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Fairmount | $100K | $250.9K | +150.9% |
| Fairmount Township | $100K | $250.9K | +150.9% |
Housing Supply in Fairmount, ND
How many homes are available in Fairmount, ND?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Summary: The Fairmount real estate market had 3 homes for sale in November 2024, a 40.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fairmount housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fairmount, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Fairmount in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Fairmount, ND
How long does it take to sell a home in Fairmount, ND?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 105 Days | 18 Days | -82.9% |
Summary: Homes in Fairmount had an average of 18 days on market in Nov 2024, down by 82.9% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairmount are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Fairmount; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
