Is Fairview Township, PA 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, Fairview Township has remained a Seller's Market.
Housing Prices in Fairview Township, PA
How much do homes in Fairview Township, PA cost?
Median Sold Price
$318,500
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fairview Township was $318,500 in May 2024, up 1.1% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $195K | $205K | +5.1% |
3 Bedrooms | $270K | $287.7K | +6.6% |
4 Bedrooms | $424.9K | $393.5K | -7.4% |
5+ Bedrooms | $543K | $552.5K | +1.7% |
Summary: Fairview 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 increased by 5.1%, 3 bedroom homes increased by 6.6%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
New Cumberland | $249.9K | $265K | +6.0% |
Lower Allen Township | $255K | $268K | +5.1% |
Fairview Township | $315K | $318.5K | +1.1% |
Monaghan Township | $332.2K | $322.5K | -2.9% |
Lewisberry | $413K | $357.4K | -13.5% |
Housing Supply in Fairview Township, PA
How many homes are available in Fairview Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 48 | +37.1% |
Summary: The Fairview Township real estate market had 48 homes for sale in May 2024, a 37.1% 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 | 5 | 7 | +40.0% |
3 Bedrooms | 13 | 16 | +23.1% |
4 Bedrooms | 14 | 20 | +42.9% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Fairview 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 40%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 12 | +140.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Fairview Township in May 2024, up by 140.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 25% were sold at asking, and 58% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 27 Days | -16.8% |
Summary: Homes in Fairview Township had an average of 27 days on market in May 2024, down by 16.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Fairview Township; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.