Listing Office: WEICHERT, Realtors - Unlimited
Is Fairview, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Fairview was a Buyer's Market.
Housing Prices in Fairview, NC
How much do homes in Fairview, NC cost?
Median Sold Price
$547,000
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
Summary: The median home sold price in Fairview was $547,000 in September 2024, down 0.5% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $340K | $530K | +55.9% |
2 Bedrooms | $342K | $347.6K | +1.7% |
3 Bedrooms | $520K | $525K | +1.0% |
4 Bedrooms | $857.5K | $700K | -18.4% |
5+ Bedrooms | $1.0M | $1.0M | -4.8% |
Summary: Fairview housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 55.9%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 18.4%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Cities
Goose Creek Township | $500K | $506K | +1.2% |
Midland | $399.9K | $404.6K | +1.2% |
Indian Trail | $423.8K | $426K | 0.5% |
Fairview | $550K | $547K | -0.5% |
Unionville | $457.7K | $399.5K | -12.7% |
Housing Supply in Fairview, NC
How many homes are available in Fairview, NC?
Number of Homes For Sale
Aug 2024 | Sep 2024 | CHANGE |
---|---|---|
70 | 74 | +5.7% |
Summary: The Fairview real estate market had 74 homes for sale in September 2024, a 5.7% increase compared to August 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 35 | 40 | +14.3% |
4 Bedrooms | 17 | 16 | -5.9% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Fairview 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 14.3%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Aug 2024 | Sep 2024 | CHANGE |
---|---|---|
9 | 13 | +44.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Fairview in September 2024, up by 44.4% month-over-month. Of the 13 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% were sold over asking.
Days on Market for Fairview, NC
How long does it take to sell a home in Fairview, NC?
Average Sale Time
Sep 2023 | Sep 2024 | CHANGE |
---|---|---|
87 Days | 44 Days | -49.6% |
Summary: Homes in Fairview had an average of 44 days on market in Sep 2024, down by 49.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During September 2024, 13 homes were sold in Fairview; 69% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.