Is Fairview, NC 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 has remained a Seller's Market.
Key Takeaway
Fairview is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairview, NC
How much do homes in Fairview, NC cost?
Median Sold Price
$529,500
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fairview have sold for 1% less than they did a year ago.
Summary: The median home sold price in Fairview was $529,500 in May 2024, down 1% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $277.5K | N/A |
| 2 Bedrooms | $365.9K | $325K | -11.2% |
| 3 Bedrooms | $512.4K | $515K | 0.5% |
| 4 Bedrooms | $747.5K | $740K | -1.0% |
| 5+ Bedrooms | $952.5K | $1.1M | +24.7% |
Summary: Fairview 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 11.2%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 24.7%.
Median Sold Price Compared To Nearby Cities
| Indian Trail | $418.2K | $426.6K | +2.0% |
| Midland | $389K | $390K | 0.3% |
| Goose Creek Township | $500K | $500K | 0.0% |
| Fairview | $535K | $529.5K | -1.0% |
| Unionville | $484.9K | $402.5K | -17.0% |
Housing Supply in Fairview, NC
How many homes are available in Fairview, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 61 | 66 | +8.2% |
Summary: The Fairview real estate market had 66 homes for sale in May 2024, a 8.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 31 | 37 | +19.4% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Fairview 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 50%, 3 bedroom homes increased by 19.4%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairview, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Fairview in May 2024, down by 20.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 8% were sold at asking, and 42% were sold over asking.
Days on Market for Fairview, NC
How long does it take to sell a home in Fairview, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 15 Days | +93.9% |
Summary: Homes in Fairview had an average of 15 days on market in May 2024, up by 93.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairview are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Fairview; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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