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 May 2022

Since last year, 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.

How much do homes in Fairfield Township, OH cost?

Median Sold Price

$240,000

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2022

+$17,400(+7.8%)

Key Takeaway

Homes in Fairfield Township have sold for 7.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 --
N/A
2 $120K$130K
+8.3%
3 $230K$250K
+8.7%
4 $295K$325K
+10.2%
5+ $276.9K$393K
+41.9%

Median Sold Price Compared To Nearby Cities

Columbiana
+41.2%
Fairfield Township
+7.8%
Beaver Township
-15.1%

How many homes are available in Fairfield Township, OH?

Number of Homes For Sale

Apr 2023May 2023%
84106+26.2%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 00
0.0%
2 2427
+12.5%
3 3239
+21.9%
4 2637
+42.3%
5+ 23
+50.0%

Number of Homes Sold

Apr 2023May 2023%
2837+32.1%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairfield Township, you could pay more than the asking price. 62.2% of homes here sold above asking price last month.

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

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

Average Sale Time

May 2022May 2023%
5 Days4 Days-24.1%

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fairfield Township 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.

What housing markets are near Fairfield Township, OH?

About Fairfield Township, OH

Fairfield Township, OH has 106 homes on the market. The inventory of homes for sale in Fairfield Township, OH between April 2023 and May 2023 increased by 26.2%. The median list price of listings available in May 2023 was $240,000, while the average time on the real estate market was 4 days. Between April 2023 and May 2023, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, 2 bedrooms properties became 8.3% more expensive, the cost of 3 bedrooms properties went up by 8.7%, prices of 4 bedrooms properties increased by 10.2%, 5 bedrooms properties became 41.9% more expensive. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes went up by 12.5%, 3 bedrooms homes inventory increased by 21.9%, the quantity of 4 bedrooms homes went up by 42.3%, 5 bedrooms homes inventory increased by 50%. Fairfield Township, OH housing market in May 2023 saw over 23 listings sold above listed price, more than 7 sold at listed price and over 7 sold below.