Is Fairfield, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairfield is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Fairfield was a Seller's Market.

Key Takeaway

Fairfield is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Fairfield, NY

How much do homes in Fairfield, NY cost?

Median Sold Price

$340,000

$228/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$207,000(+155.6%)

Key Takeaway

Homes in Fairfield have sold for 155.6% more than they did a month ago.

Summary: The median home sold price in Fairfield was $340,000 in September 2024, up 155.6% from last month, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 $76K$340K
+347.4%
4 $190K-
N/A
5+ --
N/A

Summary: Fairfield housing prices by bedroom type for September 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 increased by 347.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Fairfield, NY

How many homes are available in Fairfield, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
107-30.0%

Summary: The Fairfield real estate market had 7 homes for sale in September 2024, a 30.0% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 53
-40.0%
4 32
-33.3%
5+ 22
0.0%

Summary: The Fairfield housing inventory by bedroom type for September 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 40%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairfield, 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 Fairfield in September 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 Fairfield, NY

How long does it take to sell a home in Fairfield, NY?

Average Sale Time

Aug 2024Sep 2024CHANGE
95 Days21 Days-77.9%

Summary: Homes in Fairfield had an average of 21 days on market in Sep 2024, down by 77.9% 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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 1 homes were sold in Fairfield; 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.

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

Report Updated 29 Days Ago

Newest Listings in Fairfield, NY

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