Is Fairmont Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairmont Township is a seller's market

Buyer's
Market

Difference Since June 2021

Since last year, Fairmont Township has remained a Seller's Market.

Key Takeaway

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

How much do homes in Fairmont Township, NC cost?

Median Sold Price

$140,000

$83/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2021

-$12,500(-8.2%)

Key Takeaway

Homes in Fairmont Township have sold for 8.2% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2021Jun 2022%
1 $58K-
N/A
2 $17.1K$62.7K
+267.0%
3 $140K$140K
0.0%
4 $174K$199.9K
+14.9%
5+ -$260K
N/A

How many homes are available in Fairmont Township, NC?

Number of Homes For Sale

May 2022Jun 2022%
65-16.7%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 00
0.0%
2 01
+100.0%
3 53
-40.0%
4 11
0.0%
5+ 00
0.0%

Number of Homes Sold

May 2022Jun 2022%
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairmont Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Average Sale Time

Jun 2021Jun 2022%
10 Days2 Days-81.0%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Fairmont Township, NC

There are 5 homes are for sale in Fairmont Township, NC real estate market. The number of listings in Fairmont Township, NC decreased by 16.7% between May 2022 and June 2022. The median list price of listings available in June 2022 was $140,000, while the average time on the real estate market was 2 days. Listing prices have changed in this real estate market between May 2022 and June 2022: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 267% more expensive, prices of 3 bedrooms properties stayed the same, 4 bedrooms properties became 14.9% more expensive, 5 bedrooms properties became 0% more expensive. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory increased by 100%, volume of 3 bedrooms homes went down by 40%, the quantity of 4 bedrooms homes have not changed, number of 5 bedrooms homes remained the same. In June 2022 more than 0 listings in Fairmont Township, NC were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 0 were sold below.