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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairfield County is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Fairfield County has remained a Seller's Market.

Key Takeaway

Fairfield County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Fairfield County, OH

How much do homes in Fairfield County, OH cost?

Median Sold Price

$324,975

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$24,990(+8.3%)

Key Takeaway

Homes in Fairfield County have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in Fairfield County was $324,975 in February 2024, up 8.3% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $75K$115K
+53.3%
2 $170K$186.4K
+9.6%
3 $265K$283.7K
+7.1%
4 $374.8K$416.3K
+11.0%
5+ $501.5K$496K
-1.1%

Summary: Fairfield County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.3%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 11%, and 5+ bedroom homes decreased by 1.1%.

Median Sold Price Compared To Nearby Counties

Perry County
+9.2%
Fairfield County
+8.3%
Pickaway County
+6.0%
Franklin County
+5.6%
Hocking County
0.2%

Housing Supply in Fairfield County, OH

How many homes are available in Fairfield County, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
520562+8.1%

Summary: The Fairfield County real estate market had 562 homes for sale in February 2024, a 8.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 99
0.0%
2 5468
+25.9%
3 216240
+11.1%
4 189197
+4.2%
5+ 5248
-7.7%

Summary: The Fairfield County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25.9%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
95121+27.4%

Asking Price vs. Sold Price

49 Homes Were Sold
Under Asking

35 Homes Were Sold
At Asking

37 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairfield County, you may be able to get a good deal. 40.5% of homes here sold below asking price last month.

Summary: A total of 121 homes were sold or pending in Fairfield County in February 2024, up by 27.4% month-over-month. Of the 121 sold homes, 40% were sold under asking, 29% were sold at asking, and 31% were sold over asking.

Days on Market for Fairfield County, OH

How long does it take to sell a home in Fairfield County, OH?

Average Sale Time

Feb 2023Feb 2024CHANGE
32 Days44 Days+39.1%

Summary: Homes in Fairfield County had an average of 44 days on market in Feb 2024, up by 39.1% compared to last year.

Breakdown of Home Sale Times

64 Homes Were Sold
Under 30 Days

35 Homes Were Sold
In 30 - 90 Days

22 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fairfield County are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 121 homes were sold in Fairfield County; 53% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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