$45,000
0.02 Acres
Land
VIVIAN gonzalez ortiz, Listing Office: Realty Mark Associates
Is Fairhill, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Fairhill was a Seller'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
$90,500
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$16,215(+21.8%)
Key Takeaway
Homes in Fairhill have sold for 21.8% more than they did a year ago.
Summary: The median home sold price in Fairhill was $90,500 in December 2024, up 21.8% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $152.5K | N/A |
| 2 Bedrooms | $74.2K | $70K | -5.8% |
| 3 Bedrooms | $74.2K | $107.4K | +44.6% |
| 4 Bedrooms | $101K | $132.5K | +31.2% |
| 5+ Bedrooms | $120K | $75K | -37.5% |
Summary: Fairhill housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 44.6%, 4 bedroom homes increased by 31.2%, and 5+ bedroom homes decreased by 37.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Hunting Park | $80K | $100K | +25.0% |
| Fairhill | $74.2K | $90.5K | +21.8% |
| Upper North Philadelphia | $80K | $92.6K | +15.8% |
| Glenwood | $71.5K | $80K | +11.9% |
| West Kensington | $74.2K | $74K | -0.4% |
Housing Supply in Fairhill, PA
How many homes are available in Fairhill, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 107 | 114 | +6.5% |
Summary: The Fairhill real estate market had 114 homes for sale in December 2024, a 6.5% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 28 | 26 | -7.1% |
| 3 Bedrooms | 62 | 69 | +11.3% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Fairhill housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairhill, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Fairhill in December 2024, up by 22.2% month-over-month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 63 Days | 20 Days | -68.3% |
Summary: Homes in Fairhill had an average of 20 days on market in Dec 2024, down by 68.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fairhill are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 11 homes were sold in Fairhill; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
