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 May 2023
Since last year, North Fayette Township has remained a Seller's Market.
Key Takeaway
North Fayette Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Fayette Township, PA
How much do homes in North Fayette Township, PA cost?
Median Sold Price
$285,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Fayette Township have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in North Fayette Township was $285,000 in May 2024, up 11.8% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $183.7K | +5.0% |
| 3 Bedrooms | $250K | $265K | +6.0% |
| 4 Bedrooms | $387.3K | $400K | +3.3% |
| 5+ Bedrooms | $473K | $522.5K | +10.5% |
Summary: North Fayette 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%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Findlay Township | $310K | $370K | +19.4% |
| North Fayette Township | $255K | $285K | +11.8% |
| Oakdale | $276K | $269K | -2.5% |
Housing Supply in North Fayette Township, PA
How many homes are available in North Fayette Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 43 | +10.3% |
Summary: The North Fayette Township real estate market had 43 homes for sale in May 2024, a 10.3% 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 | 4 | 6 | +50.0% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 19 | 23 | +21.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The North Fayette 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 50%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were 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 10 homes were sold or pending in North Fayette Township in May 2024, down by 23.1% month-over-month. Of the 10 sold homes, 10% were sold under asking, 50% were sold at asking, and 40% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 4 Days | -85.9% |
Summary: Homes in North Fayette Township had an average of 4 days on market in May 2024, down by 85.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were 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 May 2024, 10 homes were sold in North Fayette Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
