Is Fairview Park, 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, Fairview Park has remained a Seller's Market.
Housing Prices in Fairview Park, OH
How much do homes in Fairview Park, OH cost?
Median Sold Price
$258,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fairview Park was $258,000 in May 2024, up 3.8% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $162.2K | $75K | -53.8% |
2 Bedrooms | $166K | $175K | +5.4% |
3 Bedrooms | $253K | $265K | +4.7% |
4 Bedrooms | $310K | $325K | +4.8% |
5+ Bedrooms | $419K | $350K | -16.5% |
Summary: Fairview Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.8%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 16.5%.
Median Sold Price Compared To Nearby Cities
Brook Park | $185K | $210K | +13.5% |
Brookpark | $185K | $210K | +13.5% |
Rocky River | $320K | $360K | +12.5% |
North Olmsted | $225.6K | $249.9K | +10.8% |
Fairview Park | $248.5K | $258K | +3.8% |
Housing Supply in Fairview Park, OH
How many homes are available in Fairview Park, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
49 | 55 | +12.2% |
Summary: The Fairview Park real estate market had 55 homes for sale in May 2024, a 12.2% 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 | 7 | 7 | 0.0% |
3 Bedrooms | 32 | 37 | +15.6% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Fairview Park 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 remained the same, 3 bedroom homes increased by 15.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 18 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Fairview Park in May 2024, the same as the previous month. Of the 18 sold homes, 39% were sold under asking, 11% were sold at asking, and 50% were sold over asking.
Days on Market for Fairview Park, OH
How long does it take to sell a home in Fairview Park, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 14 Days | -15.3% |
Summary: Homes in Fairview Park had an average of 14 days on market in May 2024, down by 15.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Fairview Park; 72% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.