Is Fairfield Township, 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, Fairfield Township has remained a Seller's Market.
Housing Prices in Fairfield Township, OH
How much do homes in Fairfield Township, OH cost?
Median Sold Price
$245,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fairfield Township was $245,000 in April 2024, down 5.8% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $197.4K | $182K | -7.8% |
3 Bedrooms | $272.5K | $255K | -6.4% |
4 Bedrooms | $447.5K | $352K | -21.3% |
5+ Bedrooms | - | $344K | N/A |
Summary: Fairfield Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.8%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes decreased by 21.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Beaver Township | $243K | $255K | +4.9% |
Columbiana | $240K | $230K | -4.2% |
Fairfield Township | $259.9K | $245K | -5.8% |
Housing Supply in Fairfield Township, OH
How many homes are available in Fairfield Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 30 | +15.4% |
Summary: The Fairfield Township real estate market had 30 homes for sale in April 2024, a 15.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 9 | 14 | +55.6% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Fairfield Township 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 increased by 12.5%, 3 bedroom homes increased by 55.6%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 13 | +116.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Fairfield Township in April 2024, up by 116.7% month-over-month. Of the 13 sold homes, 46% were sold under asking, 8% were sold at asking, and 46% were sold over asking.
Days on Market for Fairfield Township, OH
How long does it take to sell a home in Fairfield Township, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 36 Days | -22.6% |
Summary: Homes in Fairfield Township had an average of 36 days on market in Apr 2024, down by 22.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Fairfield Township; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.