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.
Housing Prices in Fairview, NC
How much do homes in Fairview, NC cost?
Median Sold Price
$539,500
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fairview was $539,500 in March 2024, up 7.9% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $277.5K | N/A |
2 Bedrooms | $366.8K | $320K | -12.8% |
3 Bedrooms | $482.5K | $520K | +7.8% |
4 Bedrooms | $725K | $700K | -3.4% |
5+ Bedrooms | $875K | $1.1M | +34.9% |
Summary: Fairview housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.8%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 34.9%.
Median Sold Price Compared To Nearby Cities
Fairview | $500K | $539.5K | +7.9% |
Goose Creek Township | $485K | $516.5K | +6.5% |
Indian Trail | $414K | $427.1K | +3.2% |
Midland | $381.2K | $390.1K | +2.3% |
Unionville | $471.3K | $410.8K | -12.8% |
Housing Supply in Fairview, NC
How many homes are available in Fairview, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 57 | +26.7% |
Summary: The Fairview real estate market had 57 homes for sale in March 2024, a 26.7% 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 | 2 | 5 | +150.0% |
3 Bedrooms | 23 | 29 | +26.1% |
4 Bedrooms | 14 | 16 | +14.3% |
5+ Bedrooms | 5 | 6 | +20.0% |
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 150%, 3 bedroom homes increased by 26.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 12 | +33.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Fairview in March 2024, up by 33.3% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% 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 | 53 Days | +6.8% |
Summary: Homes in Fairview had an average of 53 days on market in Mar 2024, up by 6.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Fairview; 58% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.