Is Fairview Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairview Township is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Fairview Township was a Seller's Market.

Key Takeaway

Fairview Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Fairview Township, NC

How much do homes in Fairview Township, NC cost?

Median Sold Price

$600,000

$302/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$40,000(+7.1%)

Key Takeaway

Homes in Fairview Township have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Fairview Township was $600,000 in November 2024, up 7.1% from last year, and the median price per square foot was $302.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $340K$475K
+39.7%
2 $349.9K$371.3K
+6.1%
3 $507.5K$529.9K
+4.4%
4 $870K$820K
-5.7%
5+ $1.1M$1.6M
+41.9%

Summary: Fairview Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.7%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 41.9%.

Median Sold Price Compared To Nearby Cities

Fairview Township
+7.1%
Broad River Township
+5.0%
Swannanoa
+4.6%
Fairview
+3.7%

Housing Supply in Fairview Township, NC

How many homes are available in Fairview Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4461+38.6%

Summary: The Fairview Township real estate market had 61 homes for sale in November 2024, a 38.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 89
+12.5%
3 2335
+52.2%
4 711
+57.1%
5+ 56
+20.0%

Summary: The Fairview Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 52.2%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairview Township, 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 Fairview Township in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.

Days on Market for Fairview Township, NC

How long does it take to sell a home in Fairview Township, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
15 Days37 Days+134.6%

Summary: Homes in Fairview Township had an average of 37 days on market in Nov 2024, up by 134.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 7 homes were sold in Fairview Township; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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 17 Days Ago

Newest Listings in Fairview Township, NC

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What housing markets are near Fairview Township, NC?