Is Fairview Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Fairview Township was a Seller's Market.
Key Takeaway
Fairview Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Fairview Township, NC
How much do homes in Fairview Township, NC cost?
Median Sold Price
$575,000
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fairview Township have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Fairview Township was $575,000 in April 2024, up 0.9% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $595K | $277.5K | -53.4% |
| 2 Bedrooms | $383.2K | $342K | -10.8% |
| 3 Bedrooms | $462.5K | $527K | +13.9% |
| 4 Bedrooms | $770K | $792.5K | +2.9% |
| 5+ Bedrooms | $1.1M | $1.2M | +10.7% |
Summary: Fairview Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.4%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
| Swannanoa | $387K | $397K | +2.6% |
| Fairview Township | $570K | $575K | +0.9% |
| Fairview | $537.5K | $530K | -1.4% |
| Broad River Township | $482.5K | $465K | -3.6% |
Housing Supply in Fairview Township, NC
How many homes are available in Fairview Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 62 | 69 | +11.3% |
Summary: The Fairview Township real estate market had 69 homes for sale in April 2024, a 11.3% 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 | 6 | +20.0% |
| 3 Bedrooms | 31 | 32 | +3.2% |
| 4 Bedrooms | 21 | 23 | +9.5% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Fairview Township 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 increased by 20%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 11 | -38.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairview Township, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Fairview Township in April 2024, down by 38.9% month-over-month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for Fairview Township, NC
How long does it take to sell a home in Fairview Township, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 55 Days | +155.8% |
Summary: Homes in Fairview Township had an average of 55 days on market in Apr 2024, up by 155.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairview Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Fairview Township; 64% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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