Is Fairborn, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairborn is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Fairborn has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Fairborn, OH

How much do homes in Fairborn, OH cost?

Median Sold Price

$205,675

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,508(+11.1%)

Key Takeaway

Homes in Fairborn have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Fairborn was $205,675 in November 2024, up 11.1% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $22K$94K
+327.3%
2 $129.7K$140K
+7.9%
3 $177.5K$195K
+9.9%
4 $270K$264.9K
-1.9%
5+ $381K$350K
-8.1%

Summary: Fairborn housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 327.3%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 9.9%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 8.1%.

Median Sold Price Compared To Nearby Cities

Fairborn
+11.1%
Bath Township
+11.0%
Beavercreek
+6.4%
Beavercreek Township
+3.2%

Housing Supply in Fairborn, OH

How many homes are available in Fairborn, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
135119-11.9%

Summary: The Fairborn real estate market had 119 homes for sale in November 2024, a 11.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2123
+9.5%
3 8171
-12.3%
4 2822
-21.4%
5+ 53
-40.0%

Summary: The Fairborn housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.5%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4433-25.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairborn, you may be able to get a good deal. 42.4% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in Fairborn in November 2024, down by 25.0% month-over-month. Of the 33 sold homes, 42% were sold under asking, 39% were sold at asking, and 18% were sold over asking.

Days on Market for Fairborn, OH

How long does it take to sell a home in Fairborn, OH?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Fairborn are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 33 homes were sold in Fairborn; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 3% 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 Fairborn, OH

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