Is Fallowfield Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Fallowfield Township was a Neutral Market.
Key Takeaway
Fallowfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fallowfield Township, PA
How much do homes in Fallowfield Township, PA cost?
Median Sold Price
$154,500
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fallowfield Township have sold for 14.2% less than they did a year ago.
Summary: The median home sold price in Fallowfield Township was $154,500 in March 2024, down 14.2% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $168K | N/A |
| 2 Bedrooms | $95K | $71.2K | -25.0% |
| 3 Bedrooms | $200K | $179.4K | -10.3% |
| 4 Bedrooms | $180K | $104K | -42.2% |
| 5+ Bedrooms | $400K | - | N/A |
Summary: Fallowfield 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 decreased by 25%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 42.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bentleyville | $89.9K | $116K | +29.0% |
| Carroll Township | $209.5K | $232K | +10.7% |
| Fallowfield Township | $180K | $154.5K | -14.2% |
Housing Supply in Fallowfield Township, PA
How many homes are available in Fallowfield Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Summary: The Fallowfield Township real estate market had 8 homes for sale in March 2024, a 33.3% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fallowfield 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fallowfield Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Fallowfield Township in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Fallowfield Township, PA
How long does it take to sell a home in Fallowfield Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 97 Days | 9 Days | -90.5% |
Summary: Homes in Fallowfield Township had an average of 9 days on market in Mar 2024, down by 90.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fallowfield Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Fallowfield Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
