Brokers — List your Company Here
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.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Fairmount, IL Housing Market
The typical home in Fairmount, IL is worth $163,945, rose 8.3% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $20,300, -83.1% year over year (through May 2026). With homes going under contract in about 252 days, Fairmount is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $163,945 home is about $875/mo in principal and interest.
Key numbers for Fairmount, IL
Typical home value
$163,945
+8.3% in 12 months
Zillow, August 2026
Median sale price
$20,300
-83.1% year over year
Redfin, through March 2026
Days on market
252
Slow-moving
Redfin, through March 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$63,393
Home costs 2.6x income
U.S. Census ACS, 2023
Sale-to-list ratio
67.9%
Selling below asking
Redfin, through March 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Fairmount a buyer's or seller's market?
Fairmount, IL is a buyer's market and homes selling in about 252 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Fairmount housing market data show?
Every row below is Redfin's final published month for Fairmount, IL. Redfin, through March 2026
| Metric | Value |
|---|---|
| Median sale price | $20,300 |
| Year-over-year price change | -83.1% |
| Median days on market | 252 days |
| Sale-to-list price ratio | 67.9% |
| Homes sold (that month) | 1 |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Fairmount is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Fairmount is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Fairmount home prices moved?
Across the 11 months we hold for Fairmount, IL, the median sale price fell 38.5%, from $33,000 in April 2021 to $20,300. The live Zillow value series has rose 8.3% in the last 12 months, which is the more current read now that Redfin's series has stopped.
Redfin, through March 2026 — the chart ends at Redfin's final published month.
Get Fairmount market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Fairmount?
Priced off the typical home value of $163,945 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $32,789 | $131,156 | $875/mo |
| 5% | $8,197 | $155,748 | $1,039/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $875, that implies roughly $37,510 a year before you add taxes and insurance. The median household in Fairmount earns $63,393, about $25,883 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 2.6x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Fairmount in the next 12 months?
Tell us your timeline. We send the Fairmount market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Fairmount?
Zillow does not publish a rent index (ZORI) for Fairmount, IL, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Fairmount?
Active listings in Fairmount, IL went from 1 in April 2021 to 1 in July 2025, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| April 2021 | 1 | 1 |
| September 2023 | 1 | 1 |
| August 2024 | 1 | 1 |
| March 2025 | 1 | not published |
| July 2025 | 1 | not published |
Redfin, through July 2025
How does Fairmount compare to Illinois and the U.S.?
Fairmount homes sell for $20,300 — 94% below the Illinois median of $337,900. Against the national median of $410,700, Fairmount runs 95% lower. Year-over-year, Fairmount moved -83.1% against Illinois's +5.9% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Fairmount, IL | $20,300 | -83.1% | 252 days |
| Illinois statewide | $337,900 | +5.9% | 43 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through March 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Fairmount
What buyers should watch
- The gap between 5% and 20% down here is $164 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $163,945 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Fairmount listing goes under contract in 252 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 67.9% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Your equity moved +8.3% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Fairmount varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Fairmount
Explore homes currently listed for sale in Fairmount, Illinois across major real estate platforms.
How much do homes cost in Fairmount by property type?
How the Fairmount, IL market breaks down across single-family homes, condos and townhouses. Redfin, through March 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $20,300 | not published | 1 | 252 days |
Who lives in Fairmount?
American Community Survey estimates for Fairmount. U.S. Census ACS, 2023
Population
610
Households
247
Median income
$63,393/yr
Median age
40.6 years
Owner-occupied
76.5%
Median home value
$95,900
Median gross rent
$735/mo
Mean commute
25 min
76.5% of occupied homes in Fairmount are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $95,900 against Zillow's $163,945 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which cities are near Fairmount, IL?
Ordered by distance from Fairmount, not by size. Compare Fairmount side by side with any of them.
Fairmount housing market FAQ
Is Fairmount a buyer's or seller's market?
Fairmount, IL is currently a buyer's market based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Fairmount?
The typical home in Fairmount, IL is worth $163,945 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $20,300.
Is Fairmount cheaper than the rest of Illinois?
Fairmount's median sale price of $20,300 is 94% lower than the Illinois statewide median of $337,900, and 95% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Fairmount?
Homes in Fairmount, IL spent a median of 252 days on market before going under contract, versus 43 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Fairmount?
At the current 30-year fixed rate of 7.03%, 20% down on a $163,945 home is about $875 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $37,510 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $63,393.
Are home prices rising in Fairmount?
The typical home value in Fairmount, IL rose 8.3% over the last 12 months, from $151,421 to $163,945 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Fairmount?
Fairmount ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Fairmount?
That depends on your timeline, not on a headline. What the data says today: Fairmount, IL is a buyer's market, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on Fairmount, IL
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching Fairmount
Nearby markets
Get the Fairmount market brief
Get the Fairmount, IL market brief
One email: what homes are actually clearing at around $163,945, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.