$2,255 Closing Credit*
$189,900
1,835 SqFt
3 Beds
•2 Full Baths
Tracy Lynn Zornow, Listing Office: Empire 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 November 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
$368,666
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,666(+10.0%)
Key Takeaway
Homes in Fairport have sold for 10% more than they did a year ago.
Summary: The median home sold price in Fairport was $368,666 in November 2024, up 10% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136.9K | $202K | +47.6% |
| 2 Bedrooms | $227.5K | $229K | +0.7% |
| 3 Bedrooms | $315K | $350K | +11.1% |
| 4 Bedrooms | $386.5K | $410K | +6.1% |
| 5+ Bedrooms | $450.5K | $540K | +19.9% |
Summary: Fairport housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.6%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 19.9%.
Median Sold Price Compared To Nearby Cities
| Perinton | $335.1K | $375K | +11.9% |
| Fairport | $335K | $368.6K | +10.0% |
Housing Supply in Fairport, NY
How many homes are available in Fairport, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 145 | 112 | -22.8% |
Summary: The Fairport real estate market had 112 homes for sale in November 2024, a 22.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 57 | 44 | -22.8% |
| 4 Bedrooms | 61 | 47 | -23.0% |
| 5+ Bedrooms | 12 | 9 | -25.0% |
Summary: The Fairport housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 22.8%, 4 bedroom homes decreased by 23%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 45 | +7.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairport, you could pay more than the asking price. 84.4% of homes here sold above asking price last month.
Summary: A total of 45 homes were sold or pending in Fairport in November 2024, up by 7.1% month-over-month. Of the 45 sold homes, 7% were sold under asking, 9% were sold at asking, and 84% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 8 Days | -34.8% |
Summary: Homes in Fairport had an average of 8 days on market in Nov 2024, down by 34.8% compared to last year.
Breakdown of Home Sale Times
44 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 November 2024, 45 homes were sold in Fairport; 98% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
