Is Fairport Harbor, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fairport Harbor has remained a Seller's Market.
Housing Prices in Fairport Harbor, OH
How much do homes in Fairport Harbor, OH cost?
Median Sold Price
$179,950
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fairport Harbor was $179,950 in May 2024, up 12.5% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $123.7K | N/A |
2 Bedrooms | $135K | $218K | +61.5% |
3 Bedrooms | $170K | $179.9K | +5.8% |
4 Bedrooms | $192.5K | $195K | +1.3% |
5+ Bedrooms | $239.9K | $795K | +231.4% |
Summary: Fairport Harbor housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 61.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 231.4%.
Median Sold Price Compared To Nearby Cities
Fairport Harbor | $159.9K | $179.9K | +12.5% |
Painesville Township | $186.3K | $198.6K | +6.6% |
Painesville | $188.3K | $196.8K | +4.5% |
Housing Supply in Fairport Harbor, OH
How many homes are available in Fairport Harbor, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 12 | +20.0% |
Summary: The Fairport Harbor real estate market had 12 homes for sale in May 2024, a 20.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 4 | 7 | +75.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Fairport Harbor housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Fairport Harbor in May 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Fairport Harbor, OH
How long does it take to sell a home in Fairport Harbor, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 39 Days | +391.7% |
Summary: Homes in Fairport Harbor had an average of 39 days on market in May 2024, up by 391.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Fairport Harbor; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.