Is Fairport, NY 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, Fairport has remained a Seller's Market.
Key Takeaway
Fairport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairport, NY
How much do homes in Fairport, NY cost?
Median Sold Price
$336,947
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fairport have sold for 7% more than they did a year ago.
Summary: The median home sold price in Fairport was $336,947 in April 2024, up 7% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $133.5K | $142K | +6.4% |
| 2 Bedrooms | $194.2K | $229K | +17.9% |
| 3 Bedrooms | $285K | $321K | +12.6% |
| 4 Bedrooms | $352.5K | $385.7K | +9.4% |
| 5+ Bedrooms | $484.9K | $459K | -5.4% |
Summary: Fairport housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 5.4%.
Median Sold Price Compared To Nearby Cities
| Perinton | $317.4K | $340K | +7.1% |
| Fairport | $315K | $336.9K | +7.0% |
Housing Supply in Fairport, NY
How many homes are available in Fairport, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 58 | 61 | +5.2% |
Summary: The Fairport real estate market had 61 homes for sale in April 2024, a 5.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 8 | -38.5% |
| 3 Bedrooms | 22 | 24 | +9.1% |
| 4 Bedrooms | 20 | 24 | +20.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Fairport housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 38.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairport, you could pay more than the asking price. 90.9% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Fairport in April 2024, up by 4.8% month-over-month. Of the 22 sold homes, 9% were sold under asking, 0% were sold at asking, and 91% were sold over asking.
Days on Market for Fairport, NY
How long does it take to sell a home in Fairport, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 7 Days | 17 Days | +144.8% |
Summary: Homes in Fairport had an average of 17 days on market in Apr 2024, up by 144.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fairport are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 22 homes were sold in Fairport; 91% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
