$2,957 Closing Credit*
$249,000
1,482 SqFt
4 Beds
•2 Full Baths
William R. Bradley, Listing Office: Bradley And Bradley Real Estate (Utica)
Is Fairfield, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Fairfield has remained a Seller's Market.
Key Takeaway
Fairfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairfield, NY
How much do homes in Fairfield, NY cost?
Median Sold Price
$154,000
$97/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$56,000(-26.7%)
Key Takeaway
Homes in Fairfield have sold for 26.7% less than they did a year ago.
Summary: The median home sold price in Fairfield was $154,000 in October 2024, down 26.7% from last year, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $77.8K | - | N/A |
| 3 Bedrooms | $245K | $153.6K | -37.3% |
| 4 Bedrooms | $225.3K | $255K | +13.2% |
| 5+ Bedrooms | $372.8K | $125K | -66.5% |
Summary: Fairfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 37.3%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes decreased by 66.5%.
Median Sold Price Compared To Nearby Cities
| Manheim | $143.7K | $151K | +5.1% |
| Fairfield | $210K | $154K | -26.7% |
Housing Supply in Fairfield, NY
How many homes are available in Fairfield, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Summary: The Fairfield real estate market had 5 homes for sale in October 2024, a 28.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Fairfield 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 decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fairfield, 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 Fairfield in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Fairfield, NY
How long does it take to sell a home in Fairfield, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 75 Days | +108.3% |
Summary: Homes in Fairfield had an average of 75 days on market in Oct 2024, up by 108.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fairfield are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Fairfield; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
