Is Fairhill, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Fairhill was a Seller's Market.
Key Takeaway
Fairhill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fairhill, PA
How much do homes in Fairhill, PA cost?
Median Sold Price
$77,500
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fairhill have sold for 11.6% less than they did a year ago.
Summary: The median home sold price in Fairhill was $77,500 in May 2024, down 11.6% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $409K | $120K | -70.7% |
| 2 Bedrooms | $75K | $74.2K | -1.0% |
| 3 Bedrooms | $85.9K | $74.6K | -13.2% |
| 4 Bedrooms | $122.5K | $108.4K | -11.4% |
| 5+ Bedrooms | $115K | $120K | +4.3% |
Summary: Fairhill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 70.7%, 2 bedroom homes decreased by 1%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Glenwood | $78.5K | $79K | +0.6% |
| Upper North Philadelphia | $89.4K | $82.5K | -7.7% |
| Fairhill | $87.7K | $77.5K | -11.6% |
| Hunting Park | $92K | $80K | -13.0% |
Housing Supply in Fairhill, PA
How many homes are available in Fairhill, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 121 | 116 | -4.1% |
Summary: The Fairhill real estate market had 116 homes for sale in May 2024, a 4.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 30 | 27 | -10.0% |
| 3 Bedrooms | 74 | 72 | -2.7% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Fairhill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairhill, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Fairhill in May 2024, down by 21.4% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for Fairhill, PA
How long does it take to sell a home in Fairhill, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 64 Days | 69 Days | +7.4% |
Summary: Homes in Fairhill had an average of 69 days on market in May 2024, up by 7.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairhill are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Fairhill; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
