$2,945 Closing Credit*
$248,000
594 SqFt
1 Bed
•1 Full Bath
Jacob Davydov, Listing Office: 360 Pacific
Is Fairwood, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Fairwood has remained a Seller's Market.
Key Takeaway
Fairwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairwood, WA
How much do homes in Fairwood, WA cost?
Median Sold Price
$785,000
$362/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$61,500(+8.5%)
Key Takeaway
Homes in Fairwood have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Fairwood was $785,000 in December 2024, up 8.5% from last year, and the median price per square foot was $362.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $282.5K | $246K | -12.9% |
| 2 Bedrooms | $309.9K | $312.5K | +0.8% |
| 3 Bedrooms | $690K | $760K | +10.1% |
| 4 Bedrooms | $750K | $825.5K | +10.1% |
| 5+ Bedrooms | $850K | $917.5K | +7.9% |
Summary: Fairwood housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.9%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 7.9%.
Housing Supply in Fairwood, WA
How many homes are available in Fairwood, WA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 49 | 33 | -32.7% |
Summary: The Fairwood real estate market had 33 homes for sale in December 2024, a 32.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 10 | 6 | -40.0% |
| 4 Bedrooms | 30 | 19 | -36.7% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Fairwood housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 36.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairwood, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Fairwood in December 2024, down by 11.8% month-over-month. Of the 15 sold homes, 53% were sold under asking, 33% were sold at asking, and 13% were sold over asking.
Days on Market for Fairwood, WA
How long does it take to sell a home in Fairwood, WA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 34 Days | 42 Days | +21.4% |
Summary: Homes in Fairwood had an average of 42 days on market in Dec 2024, up by 21.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairwood are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 15 homes were sold in Fairwood; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% 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 © 2025 Northwest MLS. All rights reserved.