Is Fairview Park, 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, Fairview Park has remained a Seller's Market.
Housing Prices in Fairview Park, OH
How much do homes in Fairview Park, OH cost?
Median Sold Price
$257,901
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fairview Park was $257,901 in April 2024, up 3.2% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $262K | $75K | -71.4% |
2 Bedrooms | $166K | $173.5K | +4.5% |
3 Bedrooms | $250.5K | $260K | +3.8% |
4 Bedrooms | $312.4K | $346.6K | +11.0% |
5+ Bedrooms | $436K | $335K | -23.2% |
Summary: Fairview Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 71.4%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 11%, and 5+ bedroom homes decreased by 23.2%.
Median Sold Price Compared To Nearby Cities
Brook Park | $185K | $209.9K | +13.5% |
Brookpark | $185K | $209.9K | +13.5% |
Rocky River | $323.5K | $360K | +11.3% |
North Olmsted | $227.7K | $245K | +7.6% |
Fairview Park | $250K | $257.9K | +3.2% |
Housing Supply in Fairview Park, OH
How many homes are available in Fairview Park, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 47 | +11.9% |
Summary: The Fairview Park real estate market had 47 homes for sale in April 2024, a 11.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 22 | 32 | +45.5% |
4 Bedrooms | 11 | 7 | -36.4% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fairview Park 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 increased by 45.5%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 18 | +80.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Fairview Park in April 2024, up by 80.0% month-over-month. Of the 18 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for Fairview Park, OH
How long does it take to sell a home in Fairview Park, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 38 Days | +20.8% |
Summary: Homes in Fairview Park had an average of 38 days on market in Apr 2024, up by 20.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Fairview Park; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.