Is North Fayette 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, North Fayette Township has remained a Seller's Market.
Key Takeaway
North Fayette Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Fayette Township, PA
How much do homes in North Fayette Township, PA cost?
Median Sold Price
$282,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Fayette Township have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in North Fayette Township was $282,000 in March 2024, up 12.8% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $173.4K | $185K | +6.7% |
| 3 Bedrooms | $249.5K | $260K | +4.2% |
| 4 Bedrooms | $430K | $390K | -9.3% |
| 5+ Bedrooms | $473K | $522.5K | +10.5% |
Summary: North Fayette 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 6.7%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Oakdale | $213K | $265K | +24.4% |
| North Fayette Township | $250K | $282K | +12.8% |
Housing Supply in North Fayette Township, PA
How many homes are available in North Fayette Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 26 | -33.3% |
Summary: The North Fayette Township real estate market had 26 homes for sale in March 2024, a 33.3% decrease 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 | 7 | 4 | -42.9% |
| 3 Bedrooms | 22 | 15 | -31.8% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The North Fayette 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 42.9%, 3 bedroom homes decreased by 31.8%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 8 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Fayette Township, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in North Fayette Township in March 2024, down by 50.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for North Fayette Township, PA
How long does it take to sell a home in North Fayette Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 65 Days | +127.9% |
Summary: Homes in North Fayette Township had an average of 65 days on market in Mar 2024, up by 127.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Fayette Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in North Fayette Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
