57 homes sold in Fairfax in the last year, at a typical $351K
About one sale in 4 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Fairfax homes are listed.
Every place Fairfax homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Fairfax.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
A quarter of Fairfax’s sales are condos, at $157K less than a house
32 houses and 12 condos sold in the year to May 2026. Condos sell faster. Houses draw more bidding wars.
typical sale · 32 sold in the year to May 2026
- Per square foot
- $160IA $158
- Days to sell
- 76
- Sold over asking
- 41%
- Listings with a price cut
- 31%
typical sale · 12 sold in the year to May 2026
- Per square foot
- $129IA $165
- Days to sell
- 62
- Sold over asking
- 8%
- Listings with a price cut
- 47%
Multi-family (2–4 units): 1 sold, typical $140K
Too few sales in 12 months for reliable figures.
More homes sell than most years, at 1.6 times the 2016 price
57 sales in the last year, against 68 in 2019 and a low of 35 in 2014. The typical sale went from $226K in 2016 to $351K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $350K buys in Fairfax
Check a listing against what Fairfax homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Fairfax are back to pre-pandemic levels, but half fewer homes come up for sale
We read every month of Fairfax’s home sales since 2014 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 57 sales.
If you’re buying in Fairfax
- Shop in July. It brings about 7 new listings a month, close to the busiest month, with fewer bidding wars (27% over asking).
- Bid near asking. Buyers paid 100.2% of the list price on average; 30% paid over.
- You’ll usually have time. Only 45% of homes go under contract within two weeks; the typical one takes 40 days.
Summer brings the homes; spring brings the bidding wars
July has the most new listings (about 7 a month), but March is the most competitive: 47% of March sales close over asking. February has the least competition (20%) but only about 3 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and hotter than Iowa
| Fairfax now | 2017–19 | 2021 peak | IA now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 30% | 31% | 45% | 20% |
| Gone within two weeksShare of homes under contract within 14 days | 45% | 3% | 2% | 35% |
| Price paid vs. askingAverage sale price ÷ list price | 100.2% | 100.6% | 100.4% | 97.5% |
| Days to sellMedian days from listing to contract | 40 | 125 | 109 | 46 |
11 homes for sale on a typical day
That’s 1.2 times the 2024 low (9), 51% fewer than in 2017–19 and well under 2019’s 25.
Since 2019, houses are up 43%, condos 21%
A house typically sold for $412K in the year to May 2026 (32 sales), a condo for $255K (12).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Source: Redfin Data Center, city figures, January 2014 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Fairfax home costs about $2,229 a month
Price: Fairfax’s typical sale, last 12 months. Property tax at Fairfax’s 1.4% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Fairfax is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in July
The month with the most choice. December has the fewest, about 2.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $351K home, about $4,770 a year.
Taxes vs. neighborsSchools
The schools grade for Fairfax, from test results, graduation and how much students grow.
Schools in FairfaxCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Cedar Rapids and Atkins sell for less a square foot
The busier markets within 25 miles of Fairfax, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Cedar Rapids | 2,182 | $206K | $134 | 34% | 21 |
| Hiawatha | 136 | $321K | $152 | 34% | 72 |
| Fairfax | 57 | $351K | $150 | 30% | 40 |
| Ely | 46 | $371K | $171 | 32% | 71 |
| Robins | 40 | $494K | $168 | 32% | 36 |
| Palo | 34 | $306K | $175 | 27% | 122 |
| Atkins | 28 | $260K | $138 | 31% | 28 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Fairfax, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Fairfax. People who follow the town see it, and so do people comparing Fairfax with their own town. No commission, no listing fee.
Questions about buying a home in Fairfax
What do homes sell for in Fairfax, IA?
57 homes sold in the year to September 2026 at a typical $351K, $150 a square foot. Houses sold for about $412K, condos for about $255K in the year to May 2026.
Is Fairfax a buyer’s or seller’s market?
A seller’s market: 15 homes were for sale in September 2026 and 7 sold, about 2.1 months of supply. Buyers paid 100.2% of asking on average.
When is the best time to buy in Fairfax?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Fairfax?
About 1.4% of a home’s value a year. On a $351K home that’s near $4,770.
Where can I see homes for sale in Fairfax?
Zillow, Redfin, Realtor.com and Homes.com all carry Fairfax’s MLS listings; the search links above open each one filtered to Fairfax.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).