$10,000 Closing Credit*
$874,500
1,221 SqFt
2 Beds
•1 Full Bath, 1 Partial
Gunnar M. Hadley, Listing Office: Windermere Real Estate Co.
Is Fairmount Park, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Fairmount Park has remained a Seller's Market.
Key Takeaway
Fairmount Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairmount Park, WA
How much do homes in Fairmount Park, WA cost?
Median Sold Price
$789,000
$514/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$97,000(+14.0%)
Key Takeaway
Homes in Fairmount Park have sold for 14% more than they did a year ago.
Summary: The median home sold price in Fairmount Park was $789,000 in October 2024, up 14% from last year, and the median price per square foot was $514.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $337.4K | $355K | +5.2% |
| 2 Bedrooms | $550K | $672.5K | +22.3% |
| 3 Bedrooms | $830K | $803.1K | -3.2% |
| 4 Bedrooms | $1.0M | $1.3M | +24.3% |
| 5+ Bedrooms | $1.3M | $1.3M | -5.9% |
Summary: Fairmount Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 22.3%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 24.3%, and 5+ bedroom homes decreased by 5.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Fairmount Park | $692K | $789K | +14.0% |
| Genesee | $807.5K | $845.5K | +4.7% |
Housing Supply in Fairmount Park, WA
How many homes are available in Fairmount Park, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 42 | +23.5% |
Summary: The Fairmount Park real estate market had 42 homes for sale in October 2024, a 23.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 4 | 11 | +175.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fairmount Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 175%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 12 | +140.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairmount Park, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Fairmount Park in October 2024, up by 140.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 8% were sold at asking, and 33% were sold over asking.
Days on Market for Fairmount Park, WA
How long does it take to sell a home in Fairmount Park, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 39 Days | +91.3% |
Summary: Homes in Fairmount Park had an average of 39 days on market in Oct 2024, up by 91.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairmount Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Fairmount Park; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.