Is Fair Haven, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fair Haven is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Fair Haven has remained a Seller's Market.

Key Takeaway

Fair Haven is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Fair Haven, NY

How much do homes in Fair Haven, NY cost?

Median Sold Price

$216,000

$148/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$41,500(-16.1%)

Key Takeaway

Homes in Fair Haven have sold for 16.1% less than they did a month ago.

Summary: The median home sold price in Fair Haven was $216,000 in October 2024, down 16.1% from last month, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 --
N/A
5+ $257.5K$216K
-16.1%

Summary: Fair Haven housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 16.1%.

Housing Supply in Fair Haven, NY

How many homes are available in Fair Haven, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
550.0%

Summary: The Fair Haven real estate market had 5 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 23
+50.0%
4 00
0.0%
5+ 21
-50.0%

Summary: The Fair Haven 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fair Haven, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Fair Haven in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Fair Haven, NY

How long does it take to sell a home in Fair Haven, NY?

Average Sale Time

Sep 2024Oct 2024CHANGE
16 Days7 Days-56.3%

Summary: Homes in Fair Haven had an average of 7 days on market in Oct 2024, down by 56.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 1 homes were sold in Fair Haven; 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.

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 Fair Haven, NY

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