Is Fairgrounds, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fairgrounds has remained a Seller's Market.
Housing Prices in Fairgrounds, CA
How much do homes in Fairgrounds, CA cost?
Median Sold Price
$1,000,000
$695/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fairgrounds was $1,000,000 in May 2024, up 7.5% from last year, and the median price per square foot was $695.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $558K | $477.5K | -14.4% |
2 Bedrooms | $683K | $715.6K | +4.8% |
3 Bedrooms | $1.0M | $1.1M | +9.2% |
4 Bedrooms | $1.1M | $1.2M | +9.2% |
5+ Bedrooms | $1.2M | $1.4M | +17.6% |
Summary: Fairgrounds housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.4%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 17.6%.
Housing Supply in Fairgrounds, CA
How many homes are available in Fairgrounds, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
102 | 134 | +31.4% |
Summary: The Fairgrounds real estate market had 134 homes for sale in May 2024, a 31.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 9 | +50.0% |
2 Bedrooms | 27 | 43 | +59.3% |
3 Bedrooms | 46 | 54 | +17.4% |
4 Bedrooms | 19 | 25 | +31.6% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Fairgrounds housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 59.3%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 39 | +14.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in Fairgrounds in May 2024, up by 14.7% month-over-month. Of the 37 sold homes, 16% were sold under asking, 8% were sold at asking, and 76% were sold over asking.
Days on Market for Fairgrounds, CA
How long does it take to sell a home in Fairgrounds, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 18 Days | +66.2% |
Summary: Homes in Fairgrounds had an average of 18 days on market in May 2024, up by 66.2% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 39 homes were sold in Fairgrounds; 87% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.