Is Fairmount, IL 61841 a buyer’s or seller’s market?
Fairmount is a seller’s market. With about 2.1 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 Fairmount housing market right now
In the three months ending August 31, 2026, 0% of homes in Fairmount, IL 61841 sold above their list price, the typical home went under contract in 19 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold faster (31 days then) and the median sale price rose 14% to $234,898. Overall, Fairmount is less competitive than a year ago, which gives buyers more room.
Within Vermilion County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Rankin 60960 (100% sold over asking) and Fithian 61844 (100% sold over asking) are even more competitive.
Run the numbers for 61841
Nearby markets
Allerton 61810Buyer’s market $81 /sq ftAlvin 61811Seller’s market $176 /sq ftArmstrong 61812 — /sq ftBismarck 61814Balanced $129 /sq ft Browse all markets →Towns like Fairmount nearby
Find towns like Fairmount in other states →Where Fairmount is
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Questions about Fairmount real estate
Is Fairmount a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Fairmount, IL 61841 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 Fairmount?
The typical home went under contract in 19 days in the latest three months.
Do homes in Fairmount sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.4% of the list price.
What are property taxes in Fairmount?
About 1.81% of a home’s value a year in Vermilion County, or roughly $7,240 on a $400,000 home.
What is the median home price in Fairmount?
The median sale price was $234,898 in the three months ending August 31, 2026, about $158 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