Is Fairlawn, 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, Fairlawn has remained a Seller's Market.
Housing Prices in Fairlawn, OH
How much do homes in Fairlawn, OH cost?
Median Sold Price
$270,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fairlawn was $270,000 in April 2024, down 5.3% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $109.2K | - | N/A |
2 Bedrooms | $175K | $192.8K | +10.2% |
3 Bedrooms | $277.5K | $261K | -5.9% |
4 Bedrooms | $377K | $393.7K | +4.4% |
5+ Bedrooms | $400K | $810K | +102.5% |
Summary: Fairlawn 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 increased by 10.2%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 102.5%.
Median Sold Price Compared To Nearby Cities
Copley Township | $287.3K | $320K | +11.3% |
Bath Township | $457K | $476.7K | +4.3% |
Akron | $128K | $130K | +1.5% |
Fairlawn | $285K | $270K | -5.3% |
Housing Supply in Fairlawn, OH
How many homes are available in Fairlawn, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 21 | -16.0% |
Summary: The Fairlawn real estate market had 21 homes for sale in April 2024, a 16.0% decrease 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 | 7 | 6 | -14.3% |
3 Bedrooms | 10 | 9 | -10.0% |
4 Bedrooms | 7 | 5 | -28.6% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Fairlawn 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 14.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 7 | -30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Fairlawn in April 2024, down by 30.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Fairlawn, OH
How long does it take to sell a home in Fairlawn, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 57 Days | +156.4% |
Summary: Homes in Fairlawn had an average of 57 days on market in Apr 2024, up by 156.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Fairlawn; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.