The Fairmont Park housing market is somewhat competitive. The median sale price of a home in Fairmont Park was $250K last month, down 2.9% since last year. The median sale price per square foot in Fairmont Park is $163, down 9.7% since last year.
What is the housing market like in Fairmont Park today?
In March 2024, Fairmont Park home prices were down 2.9% compared to last year, selling for a median price of $250K. On average, homes in Fairmont Park sell after 55 days on the market compared to 52 days last year. There were 29 homes sold in March this year, up from 29 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$250,000
-2.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Fairmont Park, VA
$250,000
-2.9%
United States
To compare other locations to the Fairmont Park and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Norfolk add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Fairmont Park housing market?
Fairmont Park is somewhat competitive. Homes sell in 38.5 days.
0
100
61
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 39 days.
Hot homes
can sell for about 2% above list price and go pending in around 17 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
7/10
Willard Model Elementary School
Public • PreK-5
516
Students
5 reviews
7/10
The Academy For Discovery At Lakewood
Public • 3-8 • Choice school
762
Students
2 reviews
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Fairmont Park housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Fairmont Park.
Risk Factor
Flood Factor - Moderate
100% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Fairmont Park has a moderate risk of flooding. 286 properties in Fairmont Park are likely to be
severely affected
by flooding over the next 30 years. This represents 100% of all properties in Fairmont Park. Flood risk is increasing faster than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Fairmont Park has a minor risk of wildfire. There are 4 properties in Fairmont Park that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Fairmont Park.
100% of properties are at severe
risk of a severe wind event over the next 30 years
Wind Factor
Fairmont Park has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Fairmont Park is most at risk from hurricanes. 2,293 properties in Fairmont Park have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 123 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 136 mph.