Is Fairfield-Suisun City, 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, Fairfield-Suisun City has remained a Seller's Market.
Key Takeaway
Fairfield-Suisun City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairfield-Suisun City, CA
How much do homes in Fairfield-Suisun City, CA cost?
Median Sold Price
$600,000
$338/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fairfield-Suisun City have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Fairfield-Suisun City was $600,000 in May 2024, up 3.5% from last year, and the median price per square foot was $338.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $266K | $280K | +5.3% |
| 2 Bedrooms | $415K | $420K | +1.2% |
| 3 Bedrooms | $534.7K | $540K | +1.0% |
| 4 Bedrooms | $640K | $659.6K | +3.1% |
| 5+ Bedrooms | $787.5K | $800K | +1.6% |
Summary: Fairfield-Suisun City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Cities
| Fairfield | $598.1K | $625K | +4.5% |
| Fairfield-Suisun City | $579.6K | $600K | +3.5% |
| Suisun City | $537.1K | $549.5K | +2.3% |
| Vallejo | $531.1K | $525K | -1.2% |
Housing Supply in Fairfield-Suisun City, CA
How many homes are available in Fairfield-Suisun City, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 295 | 327 | +10.8% |
Summary: The Fairfield-Suisun City real estate market had 327 homes for sale in May 2024, a 10.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 22 | 26 | +18.2% |
| 3 Bedrooms | 130 | 132 | +1.5% |
| 4 Bedrooms | 113 | 133 | +17.7% |
| 5+ Bedrooms | 30 | 34 | +13.3% |
Summary: The Fairfield-Suisun City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 80 | 78 | -2.5% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairfield-Suisun City, you could pay more than the asking price. 43.4% of homes here sold above asking price last month.
Summary: A total of 78 homes were sold or pending in Fairfield-Suisun City in May 2024, down by 2.5% month-over-month. Of the 76 sold homes, 37% were sold under asking, 20% were sold at asking, and 43% were sold over asking.
Days on Market for Fairfield-Suisun City, CA
How long does it take to sell a home in Fairfield-Suisun City, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 33 Days | +53.0% |
Summary: Homes in Fairfield-Suisun City had an average of 33 days on market in May 2024, up by 53% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fairfield-Suisun City are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 78 homes were sold in Fairfield-Suisun City; 15% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
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