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 June 2023
Since last year, North Fayette Township has remained a Seller's Market.
Housing Prices in North Fayette Township, PA
How much do homes in North Fayette Township, PA cost?
Median Sold Price
$285,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in North Fayette Township was $285,000 in June 2024, up 8.6% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $177.4K | $177.7K | 0.2% |
3 Bedrooms | $250K | $265K | +6.0% |
4 Bedrooms | $398.7K | $426K | +6.8% |
5+ Bedrooms | $473K | $522.5K | +10.5% |
Summary: North Fayette Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
Findlay Township | $317K | $370K | +16.7% |
North Fayette Township | $262.5K | $285K | +8.6% |
Oakdale | $275.5K | $274.5K | -0.4% |
Housing Supply in North Fayette Township, PA
How many homes are available in North Fayette Township, PA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
43 | 48 | +11.6% |
Summary: The North Fayette Township real estate market had 48 homes for sale in June 2024, a 11.6% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 13 | 19 | +46.2% |
4 Bedrooms | 23 | 20 | -13.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The North Fayette Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 46.2%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
11 | 9 | -18.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in North Fayette Township in June 2024, down by 18.2% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
13 Days | 33 Days | +151.1% |
Summary: Homes in North Fayette Township had an average of 33 days on market in Jun 2024, up by 151.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 9 homes were sold in North Fayette Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.