Is Fairborn, OH 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, Fairborn has remained a Seller's Market.
Key Takeaway
Fairborn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairborn, OH
How much do homes in Fairborn, OH cost?
Median Sold Price
$189,466
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fairborn have sold for 14.9% more than they did a year ago.
Summary: The median home sold price in Fairborn was $189,466 in April 2024, up 14.9% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $53.5K | $113K | +111.2% |
| 2 Bedrooms | $120K | $137.2K | +14.4% |
| 3 Bedrooms | $164.7K | $178.9K | +8.6% |
| 4 Bedrooms | $260K | $270K | +3.8% |
| 5+ Bedrooms | $300K | $383K | +27.7% |
Summary: Fairborn housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 111.2%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 27.7%.
Median Sold Price Compared To Nearby Cities
| Fairborn | $164.9K | $189.4K | +14.9% |
| Bath Township | $164.9K | $182.2K | +10.5% |
| Beavercreek Township | $300.9K | $325K | +8.0% |
| Beavercreek | $285.5K | $300K | +5.1% |
Housing Supply in Fairborn, OH
How many homes are available in Fairborn, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 96 | 107 | +11.5% |
Summary: The Fairborn real estate market had 107 homes for sale in April 2024, a 11.5% 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 | 15 | 17 | +13.3% |
| 3 Bedrooms | 58 | 58 | 0.0% |
| 4 Bedrooms | 20 | 29 | +45.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Fairborn 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 increased by 13.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 45%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 34 | -5.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairborn, expect to pay close to the asking price. 41.2% of homes here sold near the asking price last month.
Summary: A total of 34 homes were sold or pending in Fairborn in April 2024, down by 5.6% month-over-month. Of the 34 sold homes, 18% were sold under asking, 41% were sold at asking, and 41% were sold over asking.
Days on Market for Fairborn, OH
How long does it take to sell a home in Fairborn, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 60 Days | 53 Days | -11.7% |
Summary: Homes in Fairborn had an average of 53 days on market in Apr 2024, down by 11.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fairborn has remained consistent over time.
Summary: During April 2024, 34 homes were sold in Fairborn; 26% of homes were sold within 30 days, 65% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. 
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.