Is Fairview Township, 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 Township has remained a Neutral Market.
Key Takeaway
Fairview 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 Fairview Township, NC
How much do homes in Fairview Township, NC cost?
Median Sold Price
$575,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fairview Township have sold for 4% more than they did a year ago.
Summary: The median home sold price in Fairview Township was $575,000 in May 2024, up 4% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $595K | $277.5K | -53.4% |
| 2 Bedrooms | $366.8K | $347.6K | -5.2% |
| 3 Bedrooms | $460K | $523K | +13.7% |
| 4 Bedrooms | $832.5K | $857.5K | +3.0% |
| 5+ Bedrooms | $990K | $1.3M | +38.9% |
Summary: Fairview Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.4%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 38.9%.
Median Sold Price Compared To Nearby Cities
| Fairview Township | $553K | $575K | +4.0% |
| Swannanoa | $388.5K | $395K | +1.7% |
| Fairview | $535K | $524K | -2.1% |
| Broad River Township | $495K | $459.6K | -7.1% |
Housing Supply in Fairview Township, NC
How many homes are available in Fairview Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 72 | 82 | +13.9% |
Summary: The Fairview Township real estate market had 82 homes for sale in May 2024, a 13.9% 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 | 7 | 10 | +42.9% |
| 3 Bedrooms | 32 | 40 | +25.0% |
| 4 Bedrooms | 25 | 25 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
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 42.9%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairview Township, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Fairview Township in May 2024, down by 7.1% month-over-month. Of the 13 sold homes, 69% were sold under asking, 8% were sold at asking, and 23% were sold over asking.
Days on Market for Fairview Township, NC
How long does it take to sell a home in Fairview Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 9 Days | 15 Days | +62.5% |
Summary: Homes in Fairview Township had an average of 15 days on market in May 2024, up by 62.5% compared to last year.
Breakdown of Home Sale Times
11 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Fairview Township; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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