Is Fairview, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Fairview has remained a Seller's Market.
Housing Prices in Fairview, NC
How much do homes in Fairview, NC cost?
Median Sold Price
$540,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fairview was $540,000 in April 2024, up 2.9% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $277.5K | N/A |
2 Bedrooms | $366.8K | $325K | -11.4% |
3 Bedrooms | $488K | $521.5K | +6.9% |
4 Bedrooms | $725K | $710K | -2.1% |
5+ Bedrooms | $920K | $1.1M | +29.1% |
Summary: Fairview housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.4%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 29.1%.
Median Sold Price Compared To Nearby Cities
Goose Creek Township | $485.1K | $505K | +4.1% |
Midland | $380.6K | $395K | +3.8% |
Fairview | $525K | $540K | +2.9% |
Indian Trail | $419.2K | $426.9K | +1.8% |
Unionville | $468K | $404.9K | -13.5% |
Housing Supply in Fairview, NC
How many homes are available in Fairview, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
58 | 60 | +3.4% |
Summary: The Fairview real estate market had 60 homes for sale in April 2024, a 3.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 31 | 32 | +3.2% |
4 Bedrooms | 15 | 15 | 0.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Fairview housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 14 | -12.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Fairview in April 2024, down by 12.5% month-over-month. Of the 14 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.
Days on Market for Fairview, NC
How long does it take to sell a home in Fairview, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 54 Days | +126.3% |
Summary: Homes in Fairview had an average of 54 days on market in Apr 2024, up by 126.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Fairview; 57% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.