Is Fallowfield Township, 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, Fallowfield Township was a Seller's Market.
Key Takeaway
Fallowfield Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Fallowfield Township, PA
How much do homes in Fallowfield Township, PA cost?
Median Sold Price
$149,950
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fallowfield Township have sold for 22.5% less than they did a year ago.
Summary: The median home sold price in Fallowfield Township was $149,950 in May 2024, down 22.5% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $168K | N/A |
| 2 Bedrooms | $106K | $60K | -43.4% |
| 3 Bedrooms | $202.5K | $154.5K | -23.7% |
| 4 Bedrooms | $227.5K | $104K | -54.3% |
| 5+ Bedrooms | $400K | - | N/A |
Summary: Fallowfield Township 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 decreased by 43.4%, 3 bedroom homes decreased by 23.7%, 4 bedroom homes decreased by 54.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bentleyville | $127K | $150K | +18.1% |
| Carroll Township | $237.5K | $214.9K | -9.5% |
| Fallowfield Township | $193.5K | $149.9K | -22.5% |
Housing Supply in Fallowfield Township, PA
How many homes are available in Fallowfield Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Summary: The Fallowfield Township real estate market had 7 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fallowfield Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fallowfield Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Fallowfield Township in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Fallowfield Township, PA
How long does it take to sell a home in Fallowfield Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 104 Days | 1 Day | -99.0% |
Summary: Homes in Fallowfield Township had an average of 1 days on market in May 2024, down by 99% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fallowfield Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Fallowfield Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
