Is Fairview Park, OH 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, Fairview Park has remained a Seller's Market.
Housing Prices in Fairview Park, OH
How much do homes in Fairview Park, OH cost?
Median Sold Price
$259,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fairview Park was $259,000 in March 2024, up 4.4% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265K | $59.5K | -77.5% |
2 Bedrooms | $165K | $175K | +6.1% |
3 Bedrooms | $252K | $261K | +3.6% |
4 Bedrooms | $300.5K | $350K | +16.5% |
5+ Bedrooms | $382K | $350K | -8.4% |
Summary: Fairview Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 77.5%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes decreased by 8.4%.
Median Sold Price Compared To Nearby Cities
Brook Park | $185K | $209.9K | +13.5% |
Brookpark | $185K | $209.9K | +13.5% |
Rocky River | $325K | $360K | +10.8% |
North Olmsted | $225K | $244.2K | +8.5% |
Fairview Park | $248K | $259K | +4.4% |
Housing Supply in Fairview Park, OH
How many homes are available in Fairview Park, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 42 | +10.5% |
Summary: The Fairview Park real estate market had 42 homes for sale in March 2024, a 10.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 20 | 23 | +15.0% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Fairview Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 15%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 9 | -40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Fairview Park in March 2024, down by 40.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Fairview Park, OH
How long does it take to sell a home in Fairview Park, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 26 Days | -42.7% |
Summary: Homes in Fairview Park had an average of 26 days on market in Mar 2024, down by 42.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Fairview Park; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.