Is Fairview, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Fairview has remained a Seller's Market.
Key Takeaway
Fairview is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairview, NC
How much do homes in Fairview, NC cost?
Median Sold Price
$526,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fairview have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in Fairview was $526,000 in March 2024, down 0.6% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $277.5K | +18.1% |
| 2 Bedrooms | $383.2K | $325K | -15.2% |
| 3 Bedrooms | $499K | $507.5K | +1.7% |
| 4 Bedrooms | $722.5K | $710K | -1.7% |
| 5+ Bedrooms | $980K | $1.1M | +21.2% |
Summary: Fairview housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.1%, 2 bedroom homes decreased by 15.2%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 21.2%.
Median Sold Price Compared To Nearby Cities
| Edneyville Township | $365K | $407.5K | +11.6% |
| Fairview Township | $550K | $583.5K | +6.1% |
| Broad River Township | $475K | $475K | 0.0% |
| Fairview | $529K | $526K | -0.6% |
Housing Supply in Fairview, NC
How many homes are available in Fairview, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 48 | +14.3% |
Summary: The Fairview real estate market had 48 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 21 | 23 | +9.5% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Fairview housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fairview, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Fairview in March 2024, the same as the previous month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 61 Days | +22.4% |
Summary: Homes in Fairview had an average of 61 days on market in Mar 2024, up by 22.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairview are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Fairview; 50% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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