Is Fairfield, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairfield is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Fairfield was a Seller's Market.

Key Takeaway

Fairfield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Fairfield, OH cost?

Median Sold Price

$235,000

$126/sqft

Based on all homes sold in January 2023.

Difference Since Last Month

+$10,000(+4.4%)

Key Takeaway

Homes in Fairfield have sold for 4.4% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSDec 2022Jan 2023%
1 --
N/A
2 $116.2K$176K
+51.4%
3 $245K$239.5K
-2.2%
4 $292.4K$330K
+12.8%
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Springdale
+19.4%
Fairfield Township
+10.7%
Fairfield
+4.4%
Forest Park
-1.2%
Hamilton
-9.6%

How many homes are available in Fairfield, OH?

Number of Homes For Sale

Dec 2022Jan 2023%
9688-8.3%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 2627
+3.8%
3 4129
-29.3%
4 2629
+11.5%
5+ 33
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
2711-59.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairfield, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.

Average Sale Time

Dec 2022Jan 2023%
19 Days11 Days-41.5%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fairfield 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 Fairfield, OH

Number of homes for sale in Fairfield, OH real estate market have reached 88. The inventory of homes for sale in Fairfield, OH between December 2022 and January 2023 decreased by 8.3%. The median list price of listings available in January 2023 was $235,000, while the average time on the real estate market was 11 days. Listing prices have changed in this real estate market between January 2022 and January 2023: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 51.4%, 3 bedrooms properties became 2.2% more cheaper, prices of 4 bedrooms properties went up by 12.8%, prices of 5 bedrooms properties increased by 0%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 3.8% more available, the quantity of 3 bedrooms homes went down by 29.3%, number of 4 bedrooms homes increased by 11.5%, 5 bedrooms homes inventory did not change. While more than 7 listings in Fairfield, OH in January 2023 were sold above asking price, there were more than 3 listings sold at asking price, and more than 1 were sold below.

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