Is Fairview, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairview is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Fairview was a Seller's Market.

Key Takeaway

Fairview is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Fairview, OR

How much do homes in Fairview, OR cost?

Median Sold Price

$449,265

$282/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$735(-0.2%)

Key Takeaway

The sold price of homes in Fairview has remained the same since last year.

Summary: The median home sold price in Fairview was $449,265 in October 2024, down 0.2% from last year, and the median price per square foot was $282.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $354.5K$318K
-10.3%
3 $447.7K$450K
0.5%
4 $550K$619K
+12.5%
5+ $605K$435K
-28.1%

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 decreased by 10.3%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 28.1%.

Median Sold Price Compared To Nearby Cities

Camas
+11.6%
Troutdale
+8.5%
Wood Village
+5.7%
Gresham
+4.2%
Fairview
-0.2%

Housing Supply in Fairview, OR

How many homes are available in Fairview, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
31310.0%

Summary: The Fairview real estate market had 31 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 1921
+10.5%
4 65
-16.7%
5+ 11
0.0%

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 decreased by 20%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

3 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 Fairview, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Fairview in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Fairview, OR

How long does it take to sell a home in Fairview, OR?

Average Sale Time

Oct 2023Oct 2024CHANGE
6 Days31 Days+368.7%

Summary: Homes in Fairview had an average of 31 days on market in Oct 2024, up by 368.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Fairview has remained consistent over time.

Summary: During October 2024, 4 homes were sold in Fairview; 25% of homes were sold within 30 days, 75% 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 20 Days Ago

Newest Listings in Fairview, OR

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What housing markets are near Fairview, OR?