Is Fairfield Township, PA 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, Fairfield Township has remained a Neutral Market.
Key Takeaway
Fairfield Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Fairfield Township, PA
How much do homes in Fairfield Township, PA cost?
Median Sold Price
$325,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fairfield Township have sold for 18.2% more than they did a year ago.
Summary: The median home sold price in Fairfield Township was $325,000 in March 2024, up 18.2% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $189.9K | N/A |
| 3 Bedrooms | $255K | $325K | +27.5% |
| 4 Bedrooms | $334K | $341.2K | +2.2% |
| 5+ Bedrooms | $275K | $350K | +27.3% |
Summary: Fairfield Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 27.5%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 27.3%.
Housing Supply in Fairfield Township, PA
How many homes are available in Fairfield Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 43 | +30.3% |
Summary: The Fairfield Township real estate market had 43 homes for sale in March 2024, a 30.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 16 | 26 | +62.5% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Fairfield Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 62.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairfield Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Fairfield Township in March 2024, up by 133.3% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 53 Days | 33 Days | -38.6% |
Summary: Homes in Fairfield Township had an average of 33 days on market in Mar 2024, down by 38.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fairfield Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Fairfield Township; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
