Is Fairfield Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Fairfield Township was a Seller's Market.
Housing Prices in Fairfield Township, PA
How much do homes in Fairfield Township, PA cost?
Median Sold Price
$315,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Fairfield Township was $315,000 in February 2024, up 16.7% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $255K | - | N/A |
2 Bedrooms | $256K | $189.9K | -25.8% |
3 Bedrooms | $255K | $320K | +25.5% |
4 Bedrooms | $334K | $337.5K | +1.0% |
5+ Bedrooms | $332.5K | $350K | +5.3% |
Summary: Fairfield Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 25.8%, 3 bedroom homes increased by 25.5%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 5.3%.
Housing Supply in Fairfield Township, PA
How many homes are available in Fairfield Township, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
34 | 35 | +2.9% |
Summary: The Fairfield Township real estate market had 35 homes for sale in February 2024, a 2.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 18 | 17 | -5.6% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
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 33.3%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Fairfield Township in February 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Fairfield Township, PA
How long does it take to sell a home in Fairfield Township, PA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
42 Days | 17 Days | -60.3% |
Summary: Homes in Fairfield Township had an average of 17 days on market in Feb 2024, down by 60.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 3 homes were sold in Fairfield Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.