$8,549 Closing Credit*
$719,950
1,550 SqFt
3 Beds
•2 Full Baths, 1 Partial
Josh Witherell, Listing Office: Best Choice Realty
Is Fairwood, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$775,000
$360/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,000(+6.9%)
Key Takeaway
Homes in Fairwood have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Fairwood was $775,000 in November 2024, up 6.9% from last year, and the median price per square foot was $360.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $250K | -12.3% |
| 2 Bedrooms | $300K | $312.5K | +4.2% |
| 3 Bedrooms | $691.2K | $744.9K | +7.8% |
| 4 Bedrooms | $749.8K | $825K | +10.0% |
| 5+ Bedrooms | $850K | $910K | +7.1% |
Summary: Fairwood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.3%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 7.1%.
Housing Supply in Fairwood, WA
How many homes are available in Fairwood, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 68 | 50 | -26.5% |
Summary: The Fairwood real estate market had 50 homes for sale in November 2024, a 26.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 18 | 9 | -50.0% |
| 4 Bedrooms | 38 | 31 | -18.4% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Fairwood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 18.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 15 | -34.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairwood, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Fairwood in November 2024, down by 34.8% month-over-month. Of the 15 sold homes, 47% were sold under asking, 27% were sold at asking, and 27% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 49 Days | 22 Days | -55.1% |
Summary: Homes in Fairwood had an average of 22 days on market in Nov 2024, down by 55.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 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 November 2024, 15 homes were sold in Fairwood; 73% of homes were sold within 30 days, 27% 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.