$4,916 Closing Credit*
$414,000
1,901 SqFt
3 Beds
•2 Full Baths
Eugene Pahomsky, Listing Office: Weichert, Realtors on Main Street
Is Fairview, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$449,000
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$23,500(-5.0%)
Key Takeaway
Homes in Fairview have sold for 5% less than they did a year ago.
Summary: The median home sold price in Fairview was $449,000 in September 2024, down 5% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $369.9K | $321K | -13.2% |
| 3 Bedrooms | $450K | $450K | 0.0% |
| 4 Bedrooms | $565K | $639.4K | +13.2% |
| 5+ Bedrooms | $605K | $435K | -28.1% |
Summary: Fairview housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.2%, 3 bedroom homes did not change, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes decreased by 28.1%.
Housing Supply in Fairview, OR
How many homes are available in Fairview, OR?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 27 | 31 | +14.8% |
Summary: The Fairview real estate market had 31 homes for sale in September 2024, a 14.8% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 15 | 20 | +33.3% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Fairview 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 decreased by 16.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairview, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Fairview in September 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 44 Days | 25 Days | -44.3% |
Summary: Homes in Fairview had an average of 25 days on market in Sep 2024, down by 44.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairview are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 4 homes were sold in Fairview; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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