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Featured local agent — Fairmount, IL
Sarah Mitchell
Compass Real Estate · Fairmount, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Fairmount, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$20,300median sale price
How is the Fairmount, IL housing market right now?
The median home sale price in Fairmount, IL is $20,300, down 83.1% year-over-year. Homes sell in an average of 252 days. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Fairmount a buyer's or seller's market?
Fairmount, IL is currently a buyer's market and homes selling in about 252 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
252
Average pace
Active listings
—
Sale-to-list
67.9%
Below asking
What does the Fairmount housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $20,300 |
| Year-over-year price change | -83.1% |
| Average days on market | 252 days |
| Sale-to-list price ratio | 67.9% |
| Homes sold (latest month) | 1 |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Fairmount by property type?
How the Fairmount, 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 | $20,300 | — | 1 | 252 days |
Source: Redfin · Updated monthly
The Fairmount housing market is currently classified as a buyer's market with a median sale price of $20,300. Prices have fallen 83.1% compared to last year, with homes spending an average of 252 days on market.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 2.5x provides context for how home values compare to local earning capacity.
Homes for sale in Fairmount
Explore homes currently listed for sale in Fairmount, Illinois across major real estate platforms.
Who lives in Fairmount?
Population
610
Median income
$63,393/yr
Median age
40.6 years
Owner-occupied
76.5%
College grads
11.0%
Avg commute
25 min
Source: U.S. Census Bureau ACS
What are homes worth in Fairmount?
Zillow home value
$159,564
Price-to-income
2.5x
Source: Zillow Research
What is it like to live in Fairmount?
Fairmount is a community of approximately 1K residents with a median age of 40.6 years.The median household income is $63,393, which represents a working-class community with solid middle-income opportunities. 11.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 76.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 25 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Fairmount offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Fairmount, IL?
Want a head-to-head view? Compare Fairmount side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Fairmount?
The median home sale price in Fairmount is $20,300, down 83.1% from last year.
How long do homes stay on market in Fairmount?
Homes typically spend 252 days on market before going under contract.
What is the median income in Fairmount?
The median household income is $63,393 per year.
What is the Zillow home value estimate for Fairmount?
The Zillow Home Value Index (ZHVI) for Fairmount is $159,564, representing the typical home value in the area.
How much does a single-family home cost in Fairmount?
The median single-family home price in Fairmount, IL is $20,300.
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