$5,047 Closing Credit*
$425,000
2,652 SqFt
Christopher K Somers, Listing Office: KW Empower
Is Fairhill, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Fairhill has remained a Buyer's Market.
Key Takeaway
Fairhill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fairhill, PA
How much do homes in Fairhill, PA cost?
Median Sold Price
$101,500
$75/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$30,250(+42.5%)
Key Takeaway
Homes in Fairhill have sold for 42.5% more than they did a month ago.
Summary: The median home sold price in Fairhill was $101,500 in October 2024, up 42.5% from last month, and the median price per square foot was $75.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $81.5K | $55K | -32.5% |
| 3 Bedrooms | $70K | $125K | +78.6% |
| 4 Bedrooms | $119.5K | $92K | -23.0% |
| 5+ Bedrooms | - | $80K | N/A |
Summary: Fairhill housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 32.5%, 3 bedroom homes increased by 78.6%, 4 bedroom homes decreased by 23%, and 5+ bedroom homes did not change.
Housing Supply in Fairhill, PA
How many homes are available in Fairhill, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 103 | 111 | +7.8% |
Summary: The Fairhill real estate market had 111 homes for sale in October 2024, a 7.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 26 | 28 | +7.7% |
| 3 Bedrooms | 62 | 67 | +8.1% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Fairhill 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 7.7%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fairhill, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Fairhill in October 2024, down by 14.3% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.
Days on Market for Fairhill, PA
How long does it take to sell a home in Fairhill, PA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 71 Days | 89 Days | +25.0% |
Summary: Homes in Fairhill had an average of 89 days on market in Oct 2024, up by 25% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fairhill has remained consistent over time.
Summary: During October 2024, 12 homes were sold in Fairhill; 25% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
