Is Fairbank, IA 50629 a buyer’s or seller’s market?
Fairbank is a seller’s market. With about 1.6 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Fairbank housing market right now
In the three months ending August 31, 2026, 0% of homes in Fairbank, IA 50629 sold above their list price, the typical home went under contract in 54 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (73 days then) and the median sale price fell 17% to $252,391. Overall, Fairbank is more competitive than a year ago, so tougher for buyers.
Within Buchanan County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Independence 50644 (26% sold over asking) is even more competitive.
Run the numbers for 50629
Nearby markets
Aurora 50607 — /sq ftBrandon 52210Seller’s market $128 /sq ftHazleton 50641Buyer’s market $148 /sq ftIndependence 50644Seller’s market $123 /sq ft Browse all markets →Towns like Fairbank nearby
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Questions about Fairbank real estate
Is Fairbank a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Fairbank, IA 50629 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Fairbank?
The typical home went under contract in 54 days in the latest three months.
Do homes in Fairbank sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.5% of the list price.
What are property taxes in Fairbank?
About 1.36% of a home’s value a year in Buchanan County, or roughly $5,440 on a $400,000 home.
What is the median home price in Fairbank?
The median sale price was $252,391 in the three months ending August 31, 2026, about $126 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology