Is Fairborn, OH 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, Fairborn has remained a Seller's Market.
Key Takeaway
Fairborn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairborn, OH
How much do homes in Fairborn, OH cost?
Median Sold Price
$189,986
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fairborn have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Fairborn was $189,986 in May 2024, up 8.6% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $53.5K | $113K | +111.2% |
| 2 Bedrooms | $122K | $137.5K | +12.7% |
| 3 Bedrooms | $165K | $180K | +9.1% |
| 4 Bedrooms | $282.5K | $259.9K | -8.0% |
| 5+ Bedrooms | $361.5K | $379K | +4.8% |
Summary: Fairborn housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 111.2%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Bath Township | $164.9K | $184.9K | +12.1% |
| Fairborn | $174.9K | $189.9K | +8.6% |
| Beavercreek Township | $300.2K | $325K | +8.3% |
| Beavercreek | $285K | $304.9K | +7.0% |
Housing Supply in Fairborn, OH
How many homes are available in Fairborn, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 109 | 143 | +31.2% |
Summary: The Fairborn real estate market had 143 homes for sale in May 2024, a 31.2% 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 | 17 | 18 | +5.9% |
| 3 Bedrooms | 59 | 84 | +42.4% |
| 4 Bedrooms | 29 | 35 | +20.7% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Fairborn 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 5.9%, 3 bedroom homes increased by 42.4%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 42 | +16.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairborn, you could pay more than the asking price. 38.1% of homes here sold above asking price last month.
Summary: A total of 42 homes were sold or pending in Fairborn in May 2024, up by 16.7% month-over-month. Of the 42 sold homes, 26% were sold under asking, 36% were sold at asking, and 38% were sold over asking.
Days on Market for Fairborn, OH
How long does it take to sell a home in Fairborn, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 60 Days | 38 Days | -35.6% |
Summary: Homes in Fairborn had an average of 38 days on market in May 2024, down by 35.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fairborn has remained consistent over time.
Summary: During May 2024, 42 homes were sold in Fairborn; 21% of homes were sold within 30 days, 79% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 DABR MLS. All Rights Reserved
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. 
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Copyright ©2024 by the Multiple Listing Service of Greater Cincinnati, Inc. All rights reserved. For the most current information, contact your Broker.
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.