Is Fairview 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, Fairview Township has remained a Seller's Market.
Key Takeaway
Fairview Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairview Township, PA
How much do homes in Fairview Township, PA cost?
Median Sold Price
$318,500
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fairview Township have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Fairview Township was $318,500 in May 2024, up 1.1% 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 | - | - | N/A |
| 2 Bedrooms | $195K | $205K | +5.1% |
| 3 Bedrooms | $270K | $287.7K | +6.6% |
| 4 Bedrooms | $424.9K | $393.5K | -7.4% |
| 5+ Bedrooms | $543K | $552.5K | +1.7% |
Summary: Fairview 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 increased by 5.1%, 3 bedroom homes increased by 6.6%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
| New Cumberland | $249.9K | $265K | +6.0% |
| Lower Allen Township | $255K | $268K | +5.1% |
| Fairview Township | $315K | $318.5K | +1.1% |
| Monaghan Township | $332.2K | $322.5K | -2.9% |
| Lewisberry | $413K | $357.4K | -13.5% |
Housing Supply in Fairview Township, PA
How many homes are available in Fairview Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 48 | +37.1% |
Summary: The Fairview Township real estate market had 48 homes for sale in May 2024, a 37.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 14 | 20 | +42.9% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Fairview 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 increased by 40%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 12 | +140.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairview Township, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Fairview Township in May 2024, up by 140.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 25% were sold at asking, and 58% were sold over asking.
Days on Market for Fairview Township, PA
How long does it take to sell a home in Fairview Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 27 Days | -16.8% |
Summary: Homes in Fairview Township had an average of 27 days on market in May 2024, down by 16.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fairview Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Fairview Township; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
