Is North Fayette Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Fayette Township is a seller's market

Buyer's
Market

Difference Since May 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

$285,000

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$30,000(+11.8%)

Key Takeaway

Homes in North Fayette Township have sold for 11.8% more than they did a year ago.

Summary: The median home sold price in North Fayette Township was $285,000 in May 2024, up 11.8% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $175K$183.7K
+5.0%
3 $250K$265K
+6.0%
4 $387.3K$400K
+3.3%
5+ $473K$522.5K
+10.5%

Summary: North Fayette Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 10.5%.

Median Sold Price Compared To Nearby Cities

Findlay Township
+19.4%
North Fayette Township
+11.8%
Oakdale
-2.5%

Housing Supply in North Fayette Township, PA

How many homes are available in North Fayette Township, PA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3943+10.3%

Summary: The North Fayette Township real estate market had 43 homes for sale in May 2024, a 10.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 1513
-13.3%
4 1923
+21.1%
5+ 11
0.0%

Summary: The North Fayette Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
1310-23.1%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Fayette Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in North Fayette Township in May 2024, down by 23.1% month-over-month. Of the 10 sold homes, 10% were sold under asking, 50% were sold at asking, and 40% 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

May 2023May 2024CHANGE
34 Days4 Days-85.9%

Summary: Homes in North Fayette Township had an average of 4 days on market in May 2024, down by 85.9% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Fayette Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 10 homes were sold in North Fayette 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

Newest Listings in North Fayette Township, PA

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What housing markets are near North Fayette Township, PA?