Is Fairway Estates, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Fairway Estates has remained a Seller's Market.
Key Takeaway
Fairway Estates is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairway Estates, FL
How much do homes in Fairway Estates, FL cost?
Median Sold Price
$532,000
$362/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fairway Estates have sold for 12% more than they did a year ago.
Summary: The median home sold price in Fairway Estates was $532,000 in April 2024, up 12% from last year, and the median price per square foot was $362.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $435K | $575K | +32.2% |
| 3 Bedrooms | $450K | $510K | +13.3% |
| 4 Bedrooms | $523.2K | $550K | +5.1% |
| 5+ Bedrooms | $432.9K | $602.5K | +39.2% |
Summary: Fairway Estates housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.2%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 39.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Richmond | $456K | $515.6K | +13.1% |
| Fairway Estates | $475K | $532K | +12.0% |
Housing Supply in Fairway Estates, FL
How many homes are available in Fairway Estates, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The Fairway Estates real estate market had 11 homes for sale in April 2024, a 8.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Fairway Estates housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fairway Estates, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Fairway Estates in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Fairway Estates, FL
How long does it take to sell a home in Fairway Estates, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 18 Days | -49.8% |
Summary: Homes in Fairway Estates had an average of 18 days on market in Apr 2024, down by 49.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairway Estates are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Fairway Estates; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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