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Is Fairfield, IL 62837 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Fairfield is a buyer’s market. With about 12.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply12.8Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list93.9%Sold price ÷ list price
Median days on market130Listing to accepted offer
Median price per sq ft$91▲ +97.4% vs. last year

The Fairfield housing market right now

In the three months ending August 31, 2026, 0% of homes in Fairfield, IL 62837 sold above their list price, the typical home went under contract in 130 days and there were 12.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, 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 more slowly (97 days then) and the median sale price rose 216% to $347,350. Overall, Fairfield is less competitive than a year ago, which gives buyers more room.

Run the numbers for 62837

Prefilled for 62837Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62837Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Cisne 62823 — /sq ftGeff 62842 — /sq ftRinard 62878 — /sq ftSims 62886 — /sq ft Browse all markets →

Towns like Fairfield nearby

Find towns like Fairfield in other states →
Mount Carmel, IL62863 · 31 miles away90% similaryounger residents Olney, IL62450 · 29 miles away86% similarlarger · younger residents Eldorado, IL62930 · 39 miles away86% similarVery close on income, prices and more Flora, IL62839 · 21 miles away85% similaryounger residents

Where Fairfield is

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Questions about Fairfield real estate

Is Fairfield a buyer’s or seller’s market?

A buyer’s market: there were 12.8 months of supply in Fairfield, IL 62837 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 Fairfield?

The typical home went under contract in 130 days in the latest three months.

Do homes in Fairfield sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 93.9% of the list price.

What are property taxes in Fairfield?

About 1.49% of a home’s value a year in Wayne County, or roughly $5,960 on a $400,000 home.

What is the median home price in Fairfield?

The median sale price was $347,350 in the three months ending August 31, 2026, about $91 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