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Featured local agent — Fairmont City, IL
Sarah Mitchell
Compass Real Estate · Fairmont City, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Fairmont City, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$58,000median sale price
How is the Fairmont City, IL housing market right now?
The median home sale price in Fairmont City, IL is $58,000. Homes sell in an average of 27 days. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of April 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Fairmont City a buyer's or seller's market?
Fairmont City, IL is currently a seller's market and homes selling in about 27 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
27
Average pace
Active listings
—
Sale-to-list
145.4%
Above asking
What does the Fairmont City housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $58,000 |
| Average days on market | 27 days |
| Sale-to-list price ratio | 145.4% |
| Median price per sq ft | $43/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Fairmont City by property type?
How the Fairmont City, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $58,000 | $43/sq ft | 1 | 27 days |
Source: Redfin · Updated monthly
The Fairmont City housing market is currently classified as a seller's market with a median sale price of $58,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 27 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 1.6x provides context for how home values compare to local earning capacity.
Homes for sale in Fairmont City
Explore homes currently listed for sale in Fairmont City, Illinois across major real estate platforms.
Who lives in Fairmont City?
Population
2,354
Median income
$43,333/yr
Median age
40.9 years
Owner-occupied
76.1%
College grads
12.5%
Avg commute
17.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Fairmont City?
Zillow home value
$69,369
Price-to-income
1.6x
Source: Zillow Research
What is it like to live in Fairmont City?
Fairmont City is a community of approximately 2K residents with a median age of 40.9 years.The median household income is $43,333, which represents a working-class community with solid middle-income opportunities. 12.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 76.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 17.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Fairmont City offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Fairmont City, IL?
Want a head-to-head view? Compare Fairmont City side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Fairmont City?
The median home sale price in Fairmont City is $58,000, down 0.0% from last year.
How long do homes stay on market in Fairmont City?
Homes typically spend 27 days on market before going under contract.
What is the median income in Fairmont City?
The median household income is $43,333 per year.
What is the Zillow home value estimate for Fairmont City?
The Zillow Home Value Index (ZHVI) for Fairmont City is $69,369, representing the typical home value in the area.
How much does a single-family home cost in Fairmont City?
The median single-family home price in Fairmont City, IL is $58,000 (about $43 per square foot).
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