Is Fairport, NY 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 has remained a Seller's Market.
Key Takeaway
Fairport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairport, NY
How much do homes in Fairport, NY cost?
Median Sold Price
$340,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fairport have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Fairport was $340,000 in May 2024, up 6.9% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $134.5K | $142K | +5.6% |
| 2 Bedrooms | $205K | $229K | +11.7% |
| 3 Bedrooms | $285K | $324.1K | +13.7% |
| 4 Bedrooms | $353K | $385K | +9.1% |
| 5+ Bedrooms | $489.2K | $464.5K | -5.0% |
Summary: Fairport housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 5%.
Median Sold Price Compared To Nearby Cities
| Perinton | $321.2K | $345K | +7.4% |
| Fairport | $318K | $340K | +6.9% |
Housing Supply in Fairport, NY
How many homes are available in Fairport, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 64 | 79 | +23.4% |
Summary: The Fairport real estate market had 79 homes for sale in May 2024, a 23.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 24 | 30 | +25.0% |
| 4 Bedrooms | 25 | 33 | +32.0% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Fairport housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 32%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 15 | -31.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairport, you could pay more than the asking price. 86.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Fairport in May 2024, down by 31.8% month-over-month. Of the 15 sold homes, 7% were sold under asking, 7% were sold at asking, and 87% were sold over asking.
Days on Market for Fairport, NY
How long does it take to sell a home in Fairport, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 6 Days | 7 Days | +9.5% |
Summary: Homes in Fairport had an average of 7 days on market in May 2024, up by 9.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairport are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Fairport; 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.
