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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairfield Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Fairfield Township was a Seller's Market.

Key Takeaway

Fairfield Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Fairfield Township, PA

How much do homes in Fairfield Township, PA cost?

Median Sold Price

$430,000

$193/sqft

Based on all homes sold in August 2024.

Difference Since Last Month

+$90,100(+26.5%)

Key Takeaway

Homes in Fairfield Township have sold for 26.5% more than they did a month ago.

Summary: The median home sold price in Fairfield Township was $430,000 in August 2024, up 26.5% from last month, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 --
N/A
2 $424.9K-
N/A
3 $320K$305K
-4.7%
4 $399K$800K
+100.5%
5+ -$470K
N/A

Summary: Fairfield Township housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 100.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Fairfield Township
+26.5%
Montoursville
-8.9%
Muncy Township
-52.5%

Housing Supply in Fairfield Township, PA

How many homes are available in Fairfield Township, PA?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
2631+19.2%

Summary: The Fairfield Township real estate market had 31 homes for sale in August 2024, a 19.2% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 01
+100.0%
2 14
+300.0%
3 1511
-26.7%
4 69
+50.0%
5+ 46
+50.0%

Summary: The Fairfield Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 300%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
95-44.4%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were 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. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Fairfield Township in August 2024, down by 44.4% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for Fairfield Township, PA

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

Average Sale Time

Jul 2024Aug 2024CHANGE
12 Days36 Days+187.4%

Summary: Homes in Fairfield Township had an average of 36 days on market in Aug 2024, up by 187.4% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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 August 2024, 5 homes were sold in Fairfield Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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, PA

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