Is Fairmont a buyer's or seller's market right now?

Fairmont is currently a seller's market with 0.5 months of supply. Homes are selling at 88.3% of list price. The Ridley Sell Score for Fairmont is 52/100 (Moderate), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Fairmont?

The median home price in Fairmont is $202,500, down 9.5% year-over-year. The median price per square foot is $122. Homes sell in a median of 57 days with a sale-to-list ratio of 88.3%.

How much does it cost to sell a home in Fairmont, Illinois?

On a $202,500 home in Fairmont, a traditional listing agent charges around $6,075 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $16,200 or more. With Ridley Essentials ($999) you save $5,076, and with Ridley Pro ($3,499) you save $2,576 while getting full agent support.

How does Ridley's flat fee compare to a traditional Fairmont agent?

A traditional Fairmont listing agent typically charges 3% of the sale price — about $6,075 on a $202,500 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $5,076–$2,576 compared to a traditional agent.

How long does it take to sell a home in Fairmont?

The median home in Fairmont currently spends 57 days on the market before going under contract, down 4% from last year. At a 88.3% sale-to-list ratio, sellers are seeing some negotiation. Only 100% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in Illinois?

No. Illinois does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $202,500 home, that could save you up to $2,576.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in Illinois. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $6,075 commission.

National/Illinois

Fairmont, IL

Is Now a Good Time to Sell in Fairmont, Illinois?

The median home in Fairmont sells for $202,500 with prices down 9.5% year-over-year. The average seller pays $6,075 in commissions — Ridley’s flat fee saves you $2,576.

Fairmont Real Estate Market Conditions — April 2026

52out of 100

Ridley Sell Score

How it's scored →

Moderate

52/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Fairmont market is balanced — neither strongly favoring buyers nor sellers. Accurate pricing is key: overpriced homes will sit, but correctly priced listings are still moving. Watch for competing listings dropping prices — come in sharp from day one. Sellers who prepare well can still achieve strong results.

Inventory TightnessFavors sellers

0.5 months of supply — well below the 5-month balanced threshold — 78% below the Illinois average of 2.3.

Price MomentumFavors buyers

Prices down 9.5% year-over-year — vs. +11.7% statewide.

Seller LeverageFavors buyers

Homes selling at 88.3% of asking — buyers are negotiating 11.7% below list. Illinois average is 96.8%.

Bidding ActivityFavors buyers

0% of homes selling above list price — 100% below the Illinois average of 22.8%.

Sale SpeedNeutral

57 median days on market — 18 days faster than the Illinois average.

Market UrgencyFavors buyers

0% of listings go pending within 2 weeks — vs. 25.8% statewide.

Price StabilityFavors buyers

100% of listings have dropped their price — accurate initial pricing is critical. Illinois average is 13.6%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$202,500

-9.5%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

-4%

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$122

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

88.3%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

0.5

Seller’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Not Very Competitive

Price Drops

Percentage of active listings that had a price reduction.

100%

Price carefully

Data updated April 2026

Get AI-powered market intelligence

Personalized pricing signals, demand shifts, and Sell Score changes for Fairmont — delivered monthly.

Your savings

How much can you save selling your home in Fairmont?

The average Fairmont homeowner saves $2,576 by selling with Ridley instead of paying the traditional 3% listing commission on a $202,500 home.

$0Estimated savings

That could furnish your new living room — save 1.3% of your home value

Your Fairmont home value

$202,500

$50,000$10M

Traditional Agent (3%)

$6,075

Ridley Pro (flat fee)

$3,499

Ready to sell in Fairmont?

Get a personalized selling strategy with AI-powered pricing analysis

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Cost comparison

How much does it cost to sell a house in Fairmont?

The total cost to sell a house in Fairmont in 2026 ranges from $999 with Ridley Essentials to approximately $6,075 with a traditional 3% commission on a $202,500 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$6,075	$3,499	$999	$0
Buyer agent	$5,6702.8% avg	$4,050~2% avg	$4,050~2% avg	$5,6702.8% avg
Closing costs (~1.5%)	$3,038	$3,038	$3,038	$3,038
Total cost	$14,783	$10,587	$8,087	$8,708
Net proceeds	$187,717	$191,913	$194,413	$193,792
You save	—	$4,196	$6,696	$6,075No support