Is Fairfield Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fairfield Township has remained a Seller's Market.
Housing Prices in Fairfield Township, PA
How much do homes in Fairfield Township, PA cost?
Median Sold Price
$330,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fairfield Township was $330,000 in May 2024, up 22.2% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $255K | - | N/A |
2 Bedrooms | $256K | $189.9K | -25.8% |
3 Bedrooms | $255K | $327.5K | +28.4% |
4 Bedrooms | $316.9K | $343.7K | +8.5% |
5+ Bedrooms | $320K | $425K | +32.8% |
Summary: Fairfield Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 25.8%, 3 bedroom homes increased by 28.4%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 32.8%.
Housing Supply in Fairfield Township, PA
How many homes are available in Fairfield Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 33 | 0.0% |
Summary: The Fairfield Township real estate market had 33 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 18 | 20 | +11.1% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Fairfield Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Fairfield Township in May 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Fairfield Township, PA
How long does it take to sell a home in Fairfield Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 49 Days | +42.4% |
Summary: Homes in Fairfield Township had an average of 49 days on market in May 2024, up by 42.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Fairfield Township; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.