Is Fairfield County, 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, Fairfield County has remained a Seller's Market.
Housing Prices in Fairfield County, OH
How much do homes in Fairfield County, OH cost?
Median Sold Price
$329,965
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fairfield County was $329,965 in May 2024, up 7% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | $87K | +33.8% |
2 Bedrooms | $171.6K | $190K | +10.7% |
3 Bedrooms | $269.5K | $290.1K | +7.6% |
4 Bedrooms | $384.9K | $419.3K | +8.9% |
5+ Bedrooms | $512K | $520.4K | +1.6% |
Summary: Fairfield County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.8%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Counties
Pickaway County | $270.3K | $299.5K | +10.8% |
Perry County | $215.8K | $235K | +8.9% |
Fairfield County | $308.3K | $329.9K | +7.0% |
Franklin County | $286.3K | $304.7K | +6.4% |
Hocking County | $255K | $255K | 0.0% |
Housing Supply in Fairfield County, OH
How many homes are available in Fairfield County, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
539 | 613 | +13.7% |
Summary: The Fairfield County real estate market had 613 homes for sale in May 2024, a 13.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 6 | -25.0% |
2 Bedrooms | 60 | 67 | +11.7% |
3 Bedrooms | 238 | 279 | +17.2% |
4 Bedrooms | 199 | 220 | +10.6% |
5+ Bedrooms | 34 | 41 | +20.6% |
Summary: The Fairfield County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 20.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
162 | 179 | +10.5% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
46 Homes Were Sold
At Asking
83 Homes Were Sold
Over Asking
Summary: A total of 179 homes were sold or pending in Fairfield County in May 2024, up by 10.5% month-over-month. Of the 179 sold homes, 28% were sold under asking, 26% were sold at asking, and 46% were sold over asking.
Days on Market for Fairfield County, OH
How long does it take to sell a home in Fairfield County, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 30 Days | +83.9% |
Summary: Homes in Fairfield County had an average of 30 days on market in May 2024, up by 83.9% compared to last year.
Breakdown of Home Sale Times
120 Homes Were Sold
Under 30 Days
43 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During May 2024, 179 homes were sold in Fairfield County; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.