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Fairfax Housing Market Report July 2025•Linn County, Iowa
Housing Prices in Fairfax, IA
How much do homes in Fairfax, IA cost?
Housing Market Conditions
Is Fairfax, IA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Fairfax is a Neutral Market
Difference Since July 2024
At the same time last year, Fairfax was a Buyer's Market.
Insight
Fairfax is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$327,500$148/SqFt
-$69,500
-17.5%
Based on all homes sold in the last 12 months
Insight
Homes in Fairfax have sold for 17.5% less than they did a year ago.
Summary: The median home sold price in Fairfax was $327,500 in July 2025, down 17.5% from last year, and the median price per square foot was $148.
Median Sold Price By Cities
| City | Jul 2024 | Jul 2025 | Change YoY |
|---|---|---|---|
| Fairfax Township | $313.3K | $325K | +3.7% |
| Fairfax | $397K | $327.5K | -17.5% |
Median Sold Price By Bedrooms
| Beds | Jul 2024 | Jul 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $170K | $231K | +35.9% |
| 33 Bedrooms | $285.9K | $262.5K | -8.2% |
| 44 Bedrooms | $425K | $330K | -22.4% |
| 55+ Bedrooms | $478.5K | $535K | +11.8% |
Summary: Fairfax housing price by bedroom type for July 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +35.9%. The home price for 3 bedroom homes decreased by -8.2%. The home price for 4 bedroom homes decreased by -22.4%. The home price for 5 bedroom homes increased by +11.8%.
How does Fairfax, IA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Fairfax, IA
Housing supply in Fairfax, IA
How many homes are available in Fairfax, IA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 19Last MonthJul 2025 | ||
| 152 months agoJun 2025 | +26.7 % Change MoMJun – Jul |
Summary: The Fairfax real estate market had 19 homes for sale in Jul 2025, a 26.7 % increase compared to Jun 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 3Last MonthJul 2025 | ||
| 22 months agoJun 2025 | +50.0 % Change MoMJun – Jul |
Homes For Sale By Bedroom Count
| Beds | Jun 2025 | Jul 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 1 | 2 | +100.0% |
| 33 Bedrooms | 5 | 7 | +40.0% |
| 44 Bedrooms | 5 | 6 | +20.0% |
| 55+ Bedrooms | 4 | 4 | 0.0% |
Summary: Fairfax housing inventory by bedroom type for July 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +100.0%. The inventory for 3 bedroom homes increased by +40.0%. The inventory for 4 bedroom homes increased by +20.0%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Fairfax, IA cost?
Over Asking Price2 Homes
At Asking Price1 Home
Under Asking Price0 Home
Insight
If you're buying a home in Fairfax, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Fairfax in July 2025, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and and 67% were sold over asking.
Days on Market for Fairfax, IA
How long does it take to sell a home in Fairfax, IA?
Breakdown of Home Sale Times
Under 30 Days3 Homes
30 – 90 Days0 Home
Over 90 Days0 Home
Insight
Many homes in Fairfax are selling fast, if you're buying plan to act quickly.
Summary: During July 2025, 3 homes were sold in Fairfax; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 1 DaysThis YearJul 2025 | ||
| 30 Days1 year agoJul 2024 | -96.7 % Change YoYJul 2024 – Jul 2025 |
Summary: Homes in Fairfax had an average listing age of 1 days in Jul 2025, down by 96.7% compared to the previous year.
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Newest Listings in Fairfax, IA
What homes are available in Fairfax, IA?
Nearby markets
Nearby markets aren't available for Fairfax, IA
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MLS Disclaimers and Copyright
Based on information from Cedar Rapids MLS, for the period 08/01/2023 - 08/01/2025
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed. Copyright 2025 Cedar Rapids Area Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/1/2025, 5:15:26 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.