$8,311 Closing Credit*
$699,900
2,346 SqFt
4 Beds
•3 Full Baths
Tom Tucker, Listing Office: TOM TUCKER REALTY
Is Fairway Estate, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Fairway Estate was a Neutral Market.
Key Takeaway
Fairway Estate is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairway Estate, FL
How much do homes in Fairway Estate, FL cost?
Median Sold Price
$615,000
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$55,000(+9.8%)
Key Takeaway
Homes in Fairway Estate have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Fairway Estate was $615,000 in November 2024, up 9.8% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $437.5K | $420K | -4.0% |
| 3 Bedrooms | $629.5K | $609K | -3.3% |
| 4 Bedrooms | $747.5K | $810K | +8.4% |
| 5+ Bedrooms | $540K | $1.2M | +124.0% |
Summary: Fairway Estate housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 124%.
Median Sold Price Compared To Nearby Neighborhoods
| Fairway Estate | $560K | $615K | +9.8% |
| Harbor Pointe | $362K | $323K | -10.8% |
Housing Supply in Fairway Estate, FL
How many homes are available in Fairway Estate, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 23 | -8.0% |
Summary: The Fairway Estate real estate market had 23 homes for sale in November 2024, a 8.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 6 | 3 | -50.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Fairway Estate housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.9%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairway Estate, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Fairway Estate in November 2024, up by 40.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Fairway Estate, FL
How long does it take to sell a home in Fairway Estate, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 13 Days | -3.7% |
Summary: Homes in Fairway Estate had an average of 13 days on market in Nov 2024, down by 3.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairway Estate are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Fairway Estate; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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