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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairfield Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Fairfield Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Fairfield Township, OH

How much do homes in Fairfield Township, OH cost?

Median Sold Price

$293,000

$162/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$61,000(+26.3%)

Key Takeaway

Homes in Fairfield Township have sold for 26.3% more than they did a month ago.

Summary: The median home sold price in Fairfield Township was $293,000 in February 2024, up 26.3% from last month, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $154.5K$128K
-17.2%
3 $232K$293K
+26.3%
4 $407K$325K
-20.1%
5+ --
N/A

Summary: Fairfield Township housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.2%, 3 bedroom homes increased by 26.3%, 4 bedroom homes decreased by 20.1%, and 5+ bedroom homes did not change.

Housing Supply in Fairfield Township, OH

How many homes are available in Fairfield Township, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3331-6.1%

Summary: The Fairfield Township real estate market had 31 homes for sale in February 2024, a 6.1% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 75
-28.6%
3 1313
0.0%
4 1011
+10.0%
5+ 32
-33.3%

Summary: The Fairfield Township 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 decreased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
911+22.2%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairfield Township, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Fairfield Township in February 2024, up by 22.2% month-over-month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.

Days on Market for Fairfield Township, OH

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

Average Sale Time

Jan 2024Feb 2024CHANGE
71 Days52 Days-26.2%

Summary: Homes in Fairfield Township had an average of 52 days on market in Feb 2024, down by 26.2% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Fairfield Township has remained consistent over time.

Summary: During February 2024, 11 homes were sold in Fairfield Township; 36% of homes were sold within 30 days, 45% 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 18 Days Ago

Newest Listings in Fairfield Township, OH

Nearby Markets to Fairfield Township, OH

What housing markets are near Fairfield Township, OH?