$2,316 Closing Credit*
$195,000
1,456 SqFt
3 Beds
•1 Full Bath
Gina Giampietro, Listing Office: Re/Max Select 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 November 2023
At the same time last year, North Fayette Township was a Seller's Market.
Key Takeaway
North Fayette Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in North Fayette Township, PA
How much do homes in North Fayette Township, PA cost?
Median Sold Price
$303,750
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,750(+8.5%)
Key Takeaway
Homes in North Fayette Township have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in North Fayette Township was $303,750 in November 2024, up 8.5% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $185K | $189.5K | +2.4% |
| 3 Bedrooms | $259.9K | $283K | +8.9% |
| 4 Bedrooms | $391.2K | $457.5K | +16.9% |
| 5+ Bedrooms | $496K | $349.5K | -29.5% |
Summary: North Fayette 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 2.4%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes decreased by 29.5%.
Median Sold Price Compared To Nearby Cities
| North Fayette Township | $280K | $303.7K | +8.5% |
| Oakdale | $284K | $300K | +5.6% |
| Findlay Township | $380.7K | $375.4K | -1.4% |
Housing Supply in North Fayette Township, PA
How many homes are available in North Fayette Township, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 24 | -25.0% |
Summary: The North Fayette Township real estate market had 24 homes for sale in November 2024, a 25.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 15 | 10 | -33.3% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The North Fayette 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 16.7%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 4 | -71.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in North Fayette Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in North Fayette Township in November 2024, down by 71.4% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 68 Days | +118.6% |
Summary: Homes in North Fayette Township had an average of 68 days on market in Nov 2024, up by 118.6% compared to last year.
Breakdown of Home Sale Times
2 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 North Fayette Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in North Fayette Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
