$2,995,000
3,858 SqFt
4 Beds
•5 Full Baths
Listing Office: Carolina Luxury Brokers LLC
Is Fairview Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$599,500
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,250(+7.2%)
Key Takeaway
Homes in Fairview Township have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Fairview Township was $599,500 in October 2024, up 7.2% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $287.5K | $475K | +65.2% |
| 2 Bedrooms | $350K | $412.5K | +17.9% |
| 3 Bedrooms | $517.5K | $530K | +2.4% |
| 4 Bedrooms | $875K | $812.5K | -7.1% |
| 5+ Bedrooms | $1.1M | $1.6M | +41.9% |
Summary: Fairview Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 65.2%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 41.9%.
Housing Supply in Fairview Township, NC
How many homes are available in Fairview Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 61 | 48 | -21.3% |
Summary: The Fairview Township real estate market had 48 homes for sale in October 2024, a 21.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 32 | 25 | -21.9% |
| 4 Bedrooms | 12 | 8 | -33.3% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Fairview Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 21.9%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 2 | -86.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairview Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Fairview Township in October 2024, down by 86.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 8 Days | -84.0% |
Summary: Homes in Fairview Township had an average of 8 days on market in Oct 2024, down by 84% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairview Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Fairview Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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