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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairview Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Fairview Township, PA

How much do homes in Fairview Township, PA cost?

Median Sold Price

$314,500

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$5,500(-1.7%)

Key Takeaway

Homes in Fairview Township have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in Fairview Township was $314,500 in November 2024, down 1.7% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $201K$215K
+7.0%
3 $283K$287.4K
+1.6%
4 $412.5K$381K
-7.6%
5+ $515K$575K
+11.7%

Summary: Fairview Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes increased by 11.7%.

Median Sold Price Compared To Nearby Cities

Lower Allen Township
+8.3%
New Cumberland
+5.7%
Fairview Township
-1.7%
Lewisberry
-8.7%

Housing Supply in Fairview Township, PA

How many homes are available in Fairview Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4840-16.7%

Summary: The Fairview Township real estate market had 40 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 2316
-30.4%
4 1818
0.0%
5+ 23
+50.0%

Summary: The Fairview Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 30.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
169-43.8%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairview Township, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Fairview Township in November 2024, down by 43.8% month-over-month. Of the 9 sold homes, 11% were sold under asking, 33% were sold at asking, and 56% were sold over asking.

Days on Market for Fairview Township, PA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
15 Days43 Days+181.7%

Summary: Homes in Fairview Township had an average of 43 days on market in Nov 2024, up by 181.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 9 homes were sold in Fairview Township; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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 22 Days Ago

Newest Listings in Fairview Township, PA

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What housing markets are near Fairview Township, PA?