Is Fairgrounds, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairgrounds is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Fairgrounds has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Fairgrounds, WA

How much do homes in Fairgrounds, WA cost?

Median Sold Price

$549,980

$289/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$20,020(-3.5%)

Key Takeaway

Homes in Fairgrounds have sold for 3.5% less than they did a year ago.

Summary: The median home sold price in Fairgrounds was $549,980 in October 2024, down 3.5% from last year, and the median price per square foot was $289.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $237K$220K
-7.2%
2 $425K$451.4K
+6.2%
3 $525K$536.9K
+2.3%
4 $687.4K$645K
-6.2%
5+ $697.4K$1.0M
+50.5%

Summary: Fairgrounds housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.2%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes increased by 50.5%.

Housing Supply in Fairgrounds, WA

How many homes are available in Fairgrounds, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
177169-4.5%

Summary: The Fairgrounds real estate market had 169 homes for sale in October 2024, a 4.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 56
+20.0%
2 1412
-14.3%
3 8174
-8.6%
4 6060
0.0%
5+ 1717
0.0%

Summary: The Fairgrounds housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2732+18.5%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairgrounds, expect to pay close to the asking price. 43.8% of homes here sold near the asking price last month.

Summary: A total of 32 homes were sold or pending in Fairgrounds in October 2024, up by 18.5% month-over-month. Of the 32 sold homes, 34% were sold under asking, 44% were sold at asking, and 22% were sold over asking.

Days on Market for Fairgrounds, WA

How long does it take to sell a home in Fairgrounds, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
52 Days81 Days+54.2%

Summary: Homes in Fairgrounds had an average of 81 days on market in Oct 2024, up by 54.2% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 32 homes were sold in Fairgrounds; 28% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 28% 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 16 Days Ago

Newest Listings in Fairgrounds, WA

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