$2,363 Closing Credit*
$199,000
1,596 SqFt
4 Beds
•1 Full Bath, 1 Partial
Barbara Baker/Daniel Colaizzi, Listing Office: Berkshire Hathaway The Preferred Realty
Is North Fayette Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, North Fayette Township has remained a Seller's Market.
Key Takeaway
North Fayette Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Fayette Township, PA
How much do homes in North Fayette Township, PA cost?
Median Sold Price
$305,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,500(+11.5%)
Key Takeaway
Homes in North Fayette Township have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in North Fayette Township was $305,000 in October 2024, up 11.5% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $183.7K | $189.5K | +3.1% |
| 3 Bedrooms | $252K | $275K | +9.1% |
| 4 Bedrooms | $385K | $457.5K | +18.8% |
| 5+ Bedrooms | $473K | $537K | +13.5% |
Summary: North Fayette Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 13.5%.
Median Sold Price Compared To Nearby Cities
| North Fayette Township | $273.5K | $305K | +11.5% |
| Findlay Township | $363.8K | $370.9K | +1.9% |
| Oakdale | $290K | $280K | -3.4% |
Housing Supply in North Fayette Township, PA
How many homes are available in North Fayette Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 33 | 0.0% |
Summary: The North Fayette Township real estate market had 33 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The North Fayette Township 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 20%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 14 | +55.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Fayette Township, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in North Fayette Township in October 2024, up by 55.6% month-over-month. Of the 14 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for North Fayette Township, PA
How long does it take to sell a home in North Fayette Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 27 Days | +68.6% |
Summary: Homes in North Fayette Township had an average of 27 days on market in Oct 2024, up by 68.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Fayette Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in North Fayette Township; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
