The Fairmont housing market is somewhat competitive. The median sale price of a home in Fairmont was $123K last month, down 16.5% since last year. The median sale price per square foot in Fairmont is $97, down 17.4% since last year.
What is the housing market like in Fairmont today?
In March 2024, Fairmont home prices were down 16.5% compared to last year, selling for a median price of $123K. On average, homes in Fairmont sell after 72 days on the market compared to 50 days last year. There were 6 homes sold in March this year, down from 7 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$122,775
-16.5% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Fairmont, MI
$122,775
-16.5%
United States
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How hot is the Fairmont housing market?
Fairmont is somewhat competitive. Homes sell in 8 days.
0
100
50
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Some homes get multiple offers.
The average homes sell for around list price and go pending in around 8 days.
Hot homes
can sell for about 9% above list price and go pending in around 3 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Fairmont housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Fairmont.
Risk Factor
Flood Factor - Moderate
12% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Fairmont has a moderate risk of flooding. 71 properties in Fairmont are likely to be
severely affected
by flooding over the next 30 years. This represents 12% of all properties in Fairmont. Flood risk is increasing slower than the national average.
5% of properties are at risk of wildfire over the next 30 years
Fire Factor
Fairmont has a minor risk of wildfire. There are 37 properties in Fairmont that have some risk of being affected by wildfire over the next 30 years. This represents 5% of all properties in Fairmont.