Is North Fayette Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Fayette Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, North Fayette Township has remained a Seller's Market.

Key Takeaway

North Fayette Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in North Fayette Township, PA

How much do homes in North Fayette Township, PA cost?

Median Sold Price

$303,750

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$30,250(+11.1%)

Key Takeaway

Homes in North Fayette Township have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in North Fayette Township was $303,750 in September 2024, up 11.1% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $182.5K$185K
+1.4%
3 $245K$275K
+12.2%
4 $391.2K$450K
+15.0%
5+ $473K$537K
+13.5%

Summary: North Fayette Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 13.5%.

Median Sold Price Compared To Nearby Cities

North Fayette Township
+11.1%
Findlay Township
+5.3%
Oakdale
-1.6%
McDonald
-14.8%

Housing Supply in North Fayette Township, PA

How many homes are available in North Fayette Township, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3936-7.7%

Summary: The North Fayette Township real estate market had 36 homes for sale in September 2024, a 7.7% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 2218
-18.2%
4 1012
+20.0%
5+ 11
0.0%

Summary: The North Fayette Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
990.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Fayette Township, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in North Fayette Township in September 2024, the same as the previous month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.

Days on Market for North Fayette Township, PA

How long does it take to sell a home in North Fayette Township, PA?

Average Sale Time

Sep 2023Sep 2024CHANGE
18 Days36 Days+94.7%

Summary: Homes in North Fayette Township had an average of 36 days on market in Sep 2024, up by 94.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Fayette Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 9 homes were sold in North Fayette Township; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in North Fayette Township, PA

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What housing markets are near North Fayette Township, PA?