in Fairwood, WA • 2026 Buying Guide
Best Month
January
$449K
Avoid
April
$508K
Potential Savings
$59K
11.5% difference
Market Type
Balanced
3.0 mo. supply
Even in a seller's market, condos require strategic timing. Focus on move-in ready presentation, as condo buyers often want turnkey living. Highlight low HOA fees, building amenities, and any recent assessments already paid.
Median Sale Price
$654K
-24.0% YoY
Days on Market
49
median days
Inventory
18
active listings
Sale-to-List Ratio
98.8%
room to negotiate
Jan
$449K
BestFeb
$479K
Mar
$493K
Apr
$508K
PeakMay
$506K
Jun
$488K
Jul
$495K
Aug
$501K
Sep
$487K
Oct
$497K
Nov
$479K
Dec
$495K
Based on historical sales data in Fairwood
Condos often have a counter-cyclical market. While families focus on single-family homes during spring and summer, condo inventory can peak in fall and winter. This means less competition and more negotiating power for condo buyers during traditionally "slow" seasons.
Pro Tip: With Fairwood's median price at $654K, a 20% down payment would be approximately $131K. Get pre-approved early to know exactly what you can afford.
Based on our analysis of Fairwood's housing market, January is typically the best time to buy a condo. During this month, prices average around $449K, which is 11.5% lower than peak prices in April. Condos often have a counter-cyclical market. While families focus on single-family homes during spring and summer, condo inventory can peak in fall and winter. This means less competition and more negotiating power for condo buyers during traditionally "slow" seasons.
The current median home price in Fairwood is $654K. Condo prices vary based on location, size, and condition. Year-over-year, prices have changed -24.0%. Condos typically appreciate more slowly than single-family homes but offer lower entry costs and maintenance. Location within the building matters - higher floors and better views command premiums.
Fairwood has a balanced market. This means you have reasonable options without extreme competition. Take time to find the right condo but be prepared to move when you find it.
Key considerations for buying a condo in Fairwood include: Review at least 3 years of HOA meeting minutes for hidden issues; Check the reserve fund percentage (ideally 70%+ funded); Verify what insurance the HOA covers vs. what you need. Also watch for red flags like HOA with less than 50% reserves and Multiple units for sale in same building (could indicate problems).
Homes in Fairwood currently spend an average of 49 days on market. This is typical for a balanced market with reasonable time to make decisions.
Some condos may not be FHA or VA approved - check early Non-warrantable condos require conventional financing with higher down payments With Fairwood's median price of $654K, you'll want to get pre-approved early to understand your budget.
Looking for the best time to buy a condo in Fairwood? Our analysis shows that January typically offers the best prices, with homes averaging around $449K. Buying during this time could save you up to $59K compared to peak months like April.
With a median price of $654K and homes spending an average of 49 days on market, Fairwood is currently a balanced market. There's currently 3.0 months of inventory available.
Condos typically appreciate more slowly than single-family homes but offer lower entry costs and maintenance. Location within the building matters - higher floors and better views command premiums.
Working with a local real estate agent who knows Fairwood can help you understand neighborhood dynamics, identify the best opportunities, and negotiate effectively in this market.
Connect with local agents who specialize in condos.