Is Fairview 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, Fairview Township has remained a Seller's Market.
Housing Prices in Fairview Township, PA
How much do homes in Fairview Township, PA cost?
Median Sold Price
$315,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fairview Township was $315,000 in March 2024, up 5% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127.4K | - | N/A |
2 Bedrooms | $195K | $203.5K | +4.4% |
3 Bedrooms | $265K | $283K | +6.8% |
4 Bedrooms | $420K | $405K | -3.6% |
5+ Bedrooms | $555K | $429.9K | -22.5% |
Summary: Fairview 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 increased by 4.4%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 22.5%.
Median Sold Price Compared To Nearby Cities
New Cumberland | $246.2K | $265K | +7.6% |
Fairview Township | $300K | $315K | +5.0% |
Lower Allen Township | $255K | $266K | +4.3% |
Lewisberry | $430.9K | $362.4K | -15.9% |
Housing Supply in Fairview Township, PA
How many homes are available in Fairview Township, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
52 | 57 | +9.6% |
Summary: The Fairview Township real estate market had 57 homes for sale in March 2024, a 9.6% 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 | 4 | +100.0% |
3 Bedrooms | 18 | 19 | +5.6% |
4 Bedrooms | 18 | 19 | +5.6% |
5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Fairview 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 increased by 100%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 14 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Fairview Township in March 2024, up by 100.0% month-over-month. Of the 14 sold homes, 29% were sold under asking, 21% were sold at asking, and 50% were sold over asking.
Days on Market for Fairview Township, PA
How long does it take to sell a home in Fairview Township, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 32 Days | -16.5% |
Summary: Homes in Fairview Township had an average of 32 days on market in Mar 2024, down by 16.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in Fairview Township; 57% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.