Is Fairbury, NE a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairbury is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Fairbury has remained a Seller's Market.

Key Takeaway

Fairbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Fairbury, NE

How much do homes in Fairbury, NE cost?

Median Sold Price

$140,000

$84/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$72,000(-34.0%)

Key Takeaway

Homes in Fairbury have sold for 34% less than they did a month ago.

Summary: The median home sold price in Fairbury was $140,000 in October 2024, down 34% from last month, and the median price per square foot was $84.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $124.7K$100K
-19.8%
3 $275K$207.5K
-24.5%
4 $173.5K$89K
-48.7%
5+ -$600K
N/A

Summary: Fairbury 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 19.8%, 3 bedroom homes decreased by 24.5%, 4 bedroom homes decreased by 48.7%, and 5+ bedroom homes did not change.

Housing Supply in Fairbury, NE

How many homes are available in Fairbury, NE?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2936+24.1%

Summary: The Fairbury real estate market had 36 homes for sale in October 2024, a 24.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 89
+12.5%
3 1114
+27.3%
4 68
+33.3%
5+ 33
0.0%

Summary: The Fairbury housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
79+28.6%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairbury, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Fairbury in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.

Days on Market for Fairbury, NE

How long does it take to sell a home in Fairbury, NE?

Average Sale Time

Sep 2024Oct 2024CHANGE
30 Days84 Days+177.9%

Summary: Homes in Fairbury had an average of 84 days on market in Oct 2024, up by 177.9% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fairbury are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in Fairbury; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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