Is Fairport, NY 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, Fairport has remained a Seller's Market.
Key Takeaway
Fairport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairport, NY
How much do homes in Fairport, NY cost?
Median Sold Price
$335,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fairport have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Fairport was $335,000 in March 2024, up 6.3% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $131.7K | $139.7K | +6.1% |
| 2 Bedrooms | $190.5K | $236.2K | +24.0% |
| 3 Bedrooms | $282K | $320K | +13.5% |
| 4 Bedrooms | $351K | $389.5K | +11.0% |
| 5+ Bedrooms | $462.5K | $459K | -0.8% |
Summary: Fairport housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 24%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 11%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
| Perinton | $315K | $340K | +7.9% |
| Fairport | $315K | $335K | +6.3% |
Housing Supply in Fairport, NY
How many homes are available in Fairport, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 53 | 49 | -7.5% |
Summary: The Fairport real estate market had 49 homes for sale in March 2024, a 7.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 12 | 9 | -25.0% |
| 3 Bedrooms | 21 | 19 | -9.5% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Fairport housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairport, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Fairport in March 2024, up by 7.1% month-over-month. Of the 15 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Fairport, NY
How long does it take to sell a home in Fairport, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 10 Days | 6 Days | -40.1% |
Summary: Homes in Fairport had an average of 6 days on market in Mar 2024, down by 40.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairport are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 15 homes were sold in Fairport; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
