$4,156 Closing Credit*
$350,000
1,196 SqFt
2 Beds
•1 Full Bath
David F Joslin Jr., Listing Office: Century 21 Advantage Gold - Newtown Square
Is Fairmount, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Fairmount was a Seller's Market.
Key Takeaway
Fairmount is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fairmount, PA
How much do homes in Fairmount, PA cost?
Median Sold Price
$482,500
$339/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,000(+7.3%)
Key Takeaway
Homes in Fairmount have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Fairmount was $482,500 in November 2024, up 7.3% from last year, and the median price per square foot was $339.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $215K | -10.4% |
| 2 Bedrooms | $392.5K | $380K | -3.2% |
| 3 Bedrooms | $545K | $562K | +3.1% |
| 4 Bedrooms | $629.7K | $760K | +20.7% |
| 5+ Bedrooms | $407.5K | $622.5K | +52.8% |
Summary: Fairmount housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.4%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 52.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Spring Garden | $401.5K | $557.5K | +38.9% |
| Fairmount | $449.5K | $482.5K | +7.3% |
| Brewerytown | $316.5K | $314.9K | -0.5% |
Housing Supply in Fairmount, PA
How many homes are available in Fairmount, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 102 | 110 | +7.8% |
Summary: The Fairmount real estate market had 110 homes for sale in November 2024, a 7.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 22 | +22.2% |
| 2 Bedrooms | 28 | 31 | +10.7% |
| 3 Bedrooms | 43 | 43 | 0.0% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Fairmount housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 10.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 15 | -28.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairmount, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Fairmount in November 2024, down by 28.6% month-over-month. Of the 15 sold homes, 80% were sold under asking, 7% were sold at asking, and 13% were sold over asking.
Days on Market for Fairmount, PA
How long does it take to sell a home in Fairmount, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 46 Days | +10.0% |
Summary: Homes in Fairmount had an average of 46 days on market in Nov 2024, up by 10% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairmount are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in Fairmount; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
