Is Fairgrounds, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Fairgrounds has remained a Seller's Market.
Key Takeaway
Fairgrounds is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairgrounds, PA
How much do homes in Fairgrounds, PA cost?
Median Sold Price
$200,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fairgrounds have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Fairgrounds was $200,000 in April 2024, up 8.1% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $155K | $240K | +54.8% |
| 3 Bedrooms | $189.9K | $197.5K | +4.0% |
| 4 Bedrooms | $185K | $195K | +5.4% |
| 5+ Bedrooms | $187.5K | $200K | +6.7% |
Summary: Fairgrounds housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 54.8%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Fairgrounds | $185K | $200K | +8.1% |
| Center City | $170K | $180K | +5.9% |
| Dawn Square | $178.7K | $180K | +0.7% |
| Old Allentown Historic District | $160K | $150K | -6.3% |
Housing Supply in Fairgrounds, PA
How many homes are available in Fairgrounds, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Summary: The Fairgrounds real estate market had 6 homes for sale in April 2024, a 14.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Fairgrounds housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairgrounds, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Fairgrounds in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Fairgrounds, PA
How long does it take to sell a home in Fairgrounds, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 23 Days | +67.9% |
Summary: Homes in Fairgrounds had an average of 23 days on market in Apr 2024, up by 67.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairgrounds are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Fairgrounds; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
