Fairfield, ME Home Values & Market Trends

Real estate market trends reflect that there have been 107 transactions over the past year in Fairfield. The median value for residential home transactions that occurred over the previous year is $230,437.56. The number of current listings in Fairfield is 1, and the percentage of properties for sale in the city is 1.00%. Fairfield, ME currently has 7 properties in foreclosure, 1 bank owned properties, 1 properties headed for auction, and 1 properties for sale.

Fairfield, ME Real Estate Market Overview

ZipMedian Est. Value
04937

$ 213,100

$ 80/sqft

Housing Market Summary for Fairfield, ME

Apr 2023March 2024Change
Median Listing Price$180K$206.2K14.55%
Median Sold Price$198.5K$206.2K3.88%
Homes For Sale12100.00%
Homes Sold5445-16.67%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Fairfield, ME

Fairfield home values range from $34,171 to $3,570,055. The median estimated value of a home in Fairfield is $230,437.56. The median list price of a home is 299,000, and the total count of properties in the city is 2,560.

Foreclosure
There is 1 zips within Fairfield, ME; within this zips, the median estimated home value for homes in foreclosure ranges from $281,377 in 04937 to the lowest value of $131,940 in 04937. Foreclosure homes account for 0.00% of properties in Fairfield, ME with 04937 containing 7 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.20% of all residential properties in Fairfield, ME with 04937 containing 5 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Fairfield, ME; of that zips, the estimated home value for pre-foreclosure homes ranges from $281,377 in 04937 to the lowest home value of $131,940 in 04937.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Fairfield, ME ranges from the highest value of $0 in 04937 to the lowest value of $0 in 04937. Bank owned homes and properties account for 0.04% of properties in Fairfield, ME. There is 1 zips within Fairfield, ME; 04937 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    04937 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Fairfield, ME. Auction homes and other auction properties account for 0.04% of all properties in Fairfield, ME. There is 1 zips within Fairfield, ME; of that zips, the median estimated home value for homes going to auction ranges from $259,882 in 04937 to the lowest value of $259,882 in 04937.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.04% of residential properties in Fairfield, ME with 04937 containing 1 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Fairfield, ME; homes for sale in that zips, have a range of median values from $213,100 in 04937 to the lowest value of $213,100 in 04937.
    Sold Homes
    The median value for recently sold homes ranges from $751,145 in 04937 to the lowest price of $66,827 in 04937. There is 1 zips within Fairfield, ME. 04937 has 50 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.95% of properties in Fairfield, ME.

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      Guide for Fairfield, ME

      Market Reports
      Montgomery Housing Market Sees 8% Dip in Property Values: A Comparative Analysis with Surrounding Cities”
      Fix and Flip
      Tallahassee’s Real Estate Market A in Review 2023-2024
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      Knoxville Real Estate Market Report, April 2024
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      Rising Real Estate: Biloxi Property Value Appreciates Amidst Market Fluctuations
      See More Articles
      Montgomery Housing Market Sees 8% Dip in Property Values: A Comparative Analysis with Surrounding Cities”
      Market Reports|posted 10 April 2024

      The blog post discusses the fluctuating real estate market in Montgomery, Alabama, comparing its property values, cost per square foot, and market activity with neighboring cities, revealing the dynamic nature of regional real estate.

      Tallahassee’s Real Estate Market A in Review 2023-2024
      Fix and Flip|posted 10 April 2024

      An analysis of the Tallahassee real estate market from April 2023 to March 2024 shows fluctuating property values and sale prices, yet consistently strong market activity, indicating a healthy and dynamic property landscape.

      Knoxville Real Estate Market Report, April 2024
      Market Reports|posted 9 April 2024

      The Knoxville real estate market is seeing fluctuations in property prices, with the average value at $399,900 as of March 2024.

      Rising Real Estate: Biloxi Property Value Appreciates Amidst Market Fluctuations
      Market Reports|posted 9 April 2024

      Biloxi’s real estate market shows dynamic growth and consumer confidence, with property values rising from $271,000 to $290,000 within a year, despite some price fluctuations.

      Recently Listed Homes Fairfield, ME

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