Is Fairfield, WA 99012 a buyer’s or seller’s market?
Fairfield is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Fairfield housing market right now
In the three months ending August 31, 2026, 50% of homes in Fairfield, WA 99012 sold above their list price, the typical home went under contract in 39 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (8 days then) and the median sale price fell 15% to $239,396. Overall, Fairfield is more competitive than a year ago, so tougher for buyers.
Within Spokane County, homes here sell more slowly than in 69% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Valleyford 99036 (0% sold over asking) or Mica 99023 (0% sold over asking).
Run the numbers for 99012
Nearby markets
Airway Heights 99001Seller’s market $233 /sq ftChattaroy 99003Seller’s market $246 /sq ftCheney 99004Seller’s market $233 /sq ftColbert 99005Balanced $216 /sq ft Browse all markets →Towns like Fairfield nearby
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Questions about Fairfield real estate
Is Fairfield a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Fairfield, WA 99012 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 39 days in the latest three months.
Do homes in Fairfield sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Fairfield?
About 0.84% of a home’s value a year in Spokane County, or roughly $3,360 on a $400,000 home.
What is the median home price in Fairfield?
The median sale price was $239,396 in the three months ending August 31, 2026, about $100 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