Is Fairfield Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fairfield Township has remained a Seller's Market.
Housing Prices in Fairfield Township, OH
How much do homes in Fairfield Township, OH cost?
Median Sold Price
$245,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fairfield Township was $245,000 in May 2024, up 0.2% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $195K | $175K | -10.3% |
3 Bedrooms | $249K | $255K | +2.4% |
4 Bedrooms | $447.5K | $350K | -21.8% |
5+ Bedrooms | - | $344K | N/A |
Summary: Fairfield Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.3%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 21.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Beaver Township | $254K | $255K | 0.4% |
Fairfield Township | $244.5K | $245K | 0.2% |
Columbiana | $240K | $227.7K | -5.1% |
Housing Supply in Fairfield Township, OH
How many homes are available in Fairfield Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 30 | +50.0% |
Summary: The Fairfield Township real estate market had 30 homes for sale in May 2024, a 50.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 10 | +233.3% |
3 Bedrooms | 12 | 16 | +33.3% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Fairfield Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 233.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Fairfield Township in May 2024, the same as the previous month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for Fairfield Township, OH
How long does it take to sell a home in Fairfield Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
7 Days | 52 Days | +651.8% |
Summary: Homes in Fairfield Township had an average of 52 days on market in May 2024, up by 651.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Fairfield 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.