$10,000 Closing Credit*
$895,000
1,630 SqFt
3 Beds
•1 Full Bath, 1 Partial
Jed A Kliman, Listing Office: Windermere RE Greenwood
Is Fairmount Park, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Fairmount Park was a Seller's Market.
Key Takeaway
Fairmount Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fairmount Park, WA
How much do homes in Fairmount Park, WA cost?
Median Sold Price
$781,500
$528/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$43,500(+5.9%)
Key Takeaway
Homes in Fairmount Park have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Fairmount Park was $781,500 in August 2024, up 5.9% from last year, and the median price per square foot was $528.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $339.9K | $330K | -2.9% |
| 2 Bedrooms | $575K | $615K | +7.0% |
| 3 Bedrooms | $844.9K | $799K | -5.4% |
| 4 Bedrooms | $1.0M | $1.3M | +29.9% |
| 5+ Bedrooms | $1.0M | $1.3M | +28.0% |
Summary: Fairmount Park housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 7%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 29.9%, and 5+ bedroom homes increased by 28%.
Median Sold Price Compared To Nearby Neighborhoods
| Genesee | $775K | $850K | +9.7% |
| Fairmount Park | $738K | $781.5K | +5.9% |
Housing Supply in Fairmount Park, WA
How many homes are available in Fairmount Park, WA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Summary: The Fairmount Park real estate market had 20 homes for sale in August 2024, the same as July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fairmount Park housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 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. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Fairmount Park in August 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 15 Days | 60 Days | +295.4% |
Summary: Homes in Fairmount Park had an average of 60 days on market in Aug 2024, up by 295.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fairmount Park has remained consistent over time.
Summary: During August 2024, 2 homes were sold in Fairmount Park; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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.