Is Fairview Shores, FL 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, Fairview Shores has remained a Seller's Market.
Housing Prices in Fairview Shores, FL
How much do homes in Fairview Shores, FL cost?
Median Sold Price
$389,000
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fairview Shores was $389,000 in May 2024, up 12.4% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $162K | - | N/A |
2 Bedrooms | $305K | $310K | +1.6% |
3 Bedrooms | $355K | $387K | +9.0% |
4 Bedrooms | $438K | $575K | +31.3% |
5+ Bedrooms | $475K | $843K | +77.5% |
Summary: Fairview Shores 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 1.6%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 77.5%.
Housing Supply in Fairview Shores, FL
How many homes are available in Fairview Shores, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
63 | 73 | +15.9% |
Summary: The Fairview Shores real estate market had 73 homes for sale in May 2024, a 15.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 10 | +25.0% |
3 Bedrooms | 38 | 45 | +18.4% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Fairview Shores 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 increased by 25%, 3 bedroom homes increased by 18.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 18 | +63.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Fairview Shores in May 2024, up by 63.6% month-over-month. Of the 18 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for Fairview Shores, FL
How long does it take to sell a home in Fairview Shores, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 34 Days | +85.0% |
Summary: Homes in Fairview Shores had an average of 34 days on market in May 2024, up by 85% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Fairview Shores; 56% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.