Is Fairfield Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairfield Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Fairfield Township, OH

How much do homes in Fairfield Township, OH cost?

Median Sold Price

$255,000

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$44,975(+21.4%)

Key Takeaway

Homes in Fairfield Township have sold for 21.4% more than they did a year ago.

Summary: The median home sold price in Fairfield Township was $255,000 in October 2024, up 21.4% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $156K$150K
-3.8%
3 $231K$253K
+9.5%
4 $334.5K$354K
+5.8%
5+ -$344K
N/A

Summary: Fairfield Township 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 decreased by 3.8%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes did not change.

Housing Supply in Fairfield Township, OH

How many homes are available in Fairfield Township, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3028-6.7%

Summary: The Fairfield Township real estate market had 28 homes for sale in October 2024, a 6.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 710
+42.9%
3 97
-22.2%
4 129
-25.0%
5+ 11
0.0%

Summary: The Fairfield Township 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 increased by 42.9%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
612+100.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairfield Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Fairfield Township in October 2024, up by 100.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 42% were sold at asking, and 8% were sold over asking.

Days on Market for Fairfield Township, OH

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

Average Sale Time

Oct 2023Oct 2024CHANGE
37 Days21 Days-42.6%

Summary: Homes in Fairfield Township had an average of 21 days on market in Oct 2024, down by 42.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 12 homes were sold in Fairfield Township; 33% of homes were sold within 30 days, 8% 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 20 Days Ago

Newest Listings in Fairfield Township, OH

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