Is Fairview Shores, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairview Shores is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Fairview Shores has remained a Seller's Market.

Key Takeaway

Fairview Shores is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Fairview Shores, FL

How much do homes in Fairview Shores, FL cost?

Median Sold Price

$368,000

$279/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$13,000(+3.7%)

Key Takeaway

Homes in Fairview Shores have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in Fairview Shores was $368,000 in September 2024, up 3.7% from last year, and the median price per square foot was $279.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $159K-
N/A
2 $311.5K$324.9K
+4.3%
3 $360K$375K
+4.2%
4 $485K$420K
-13.4%
5+ $499K$475K
-4.8%

Summary: Fairview Shores housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 13.4%, and 5+ bedroom homes decreased by 4.8%.

Housing Supply in Fairview Shores, FL

How many homes are available in Fairview Shores, FL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
7975-5.1%

Summary: The Fairview Shores real estate market had 75 homes for sale in September 2024, a 5.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 1212
0.0%
3 3840
+5.3%
4 2115
-28.6%
5+ 88
0.0%

Summary: The Fairview Shores housing inventory by bedroom type for September 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 5.3%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2119-9.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairview Shores, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Fairview Shores in September 2024, down by 9.5% month-over-month. Of the 19 sold homes, 47% were sold under asking, 11% were sold at asking, and 42% were sold over asking.

Days on Market for Fairview Shores, FL

How long does it take to sell a home in Fairview Shores, FL?

Average Sale Time

Sep 2023Sep 2024CHANGE
43 Days22 Days-49.4%

Summary: Homes in Fairview Shores had an average of 22 days on market in Sep 2024, down by 49.4% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fairview Shores are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 19 homes were sold in Fairview Shores; 84% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

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