$6,234 Closing Credit*
$525,000
1,785 SqFt
3 Beds
•3 Full Baths
Joe M. Giancursio, Listing Office: RE/MAX Realty Group
Is Fairport, 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, Fairport has remained a Seller's Market.
Key Takeaway
Fairport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairport, NY
How much do homes in Fairport, NY cost?
Median Sold Price
$364,250
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,081(+11.0%)
Key Takeaway
Homes in Fairport have sold for 11% more than they did a year ago.
Summary: The median home sold price in Fairport was $364,250 in October 2024, up 11% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135.5K | $153.7K | +13.5% |
| 2 Bedrooms | $209.9K | $232.5K | +10.7% |
| 3 Bedrooms | $308.1K | $351.2K | +14.0% |
| 4 Bedrooms | $381K | $410K | +7.6% |
| 5+ Bedrooms | $453.5K | $550K | +21.3% |
Summary: Fairport housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 21.3%.
Median Sold Price Compared To Nearby Cities
| Perinton | $330K | $370.2K | +12.2% |
| Fairport | $328.1K | $364.2K | +11.0% |
Housing Supply in Fairport, NY
How many homes are available in Fairport, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 128 | 123 | -3.9% |
Summary: The Fairport real estate market had 123 homes for sale in October 2024, a 3.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 19 | 10 | -47.4% |
| 3 Bedrooms | 44 | 52 | +18.2% |
| 4 Bedrooms | 49 | 51 | +4.1% |
| 5+ Bedrooms | 13 | 8 | -38.5% |
Summary: The Fairport housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 47.4%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 38.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 34 | -26.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairport, you could pay more than the asking price. 73.5% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in Fairport in October 2024, down by 26.1% month-over-month. Of the 34 sold homes, 12% were sold under asking, 15% were sold at asking, and 74% were sold over asking.
Days on Market for Fairport, NY
How long does it take to sell a home in Fairport, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 9 Days | +11.0% |
Summary: Homes in Fairport had an average of 9 days on market in Oct 2024, up by 11% compared to last year.
Breakdown of Home Sale Times
33 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 Fairport are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 34 homes were sold in Fairport; 97% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
