Fairfield Real Estate Update

Single Family Detached

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27 single family homes active for sale (75% more than July 2 years ago)

5.6 months of inventory, up from 3.2 MOI 2 years ago

$1,875,000 median price

$780 / avg sqft

Minimum $1,029,000

Maximum $3,750,000

Avg DOM 56

Year to date sales

59 transactions

$1,489,000 median price

$1,671,000 average price (flat compared to $1,687,000 2 years ago)

32 days on market avg (last year it was 13 dom)

99% sold to list price

$720/sqft avg sold price

Range $950,000 to $3,750,000

Freehold Strata Condominium
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19 for sale (also 75% more than July of 2022, two years ago)

$604,000 median price

$780,000 average price

40 days on market average

$675/ft average per sqft

Year to date Sales

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57 transactions Jan 1 - Aug 10th 2024

Median sale price $621,000

Average sale price $657,000 (up from $621,000 2 years ago)

Range from $225,000 to $1,600,000

Avg 32 days on market

Selling for 98% of list price

$660/sqft avg

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