Is Fairmont Township, NC 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, Fairmont Township has remained a Neutral Market.
Key Takeaway
Fairmont 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 Fairmont Township, NC
How much do homes in Fairmont Township, NC cost?
Median Sold Price
$162,500
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fairmont Township have sold for 47.7% more than they did a year ago.
Summary: The median home sold price in Fairmont Township was $162,500 in May 2024, up 47.7% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $95K | $100K | +5.3% |
| 3 Bedrooms | $157.4K | $187K | +18.8% |
| 4 Bedrooms | $100K | $181K | +81.0% |
| 5+ Bedrooms | - | $180K | N/A |
Summary: Fairmont 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 increased by 5.3%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 81%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Fairmont Township | $110K | $162.5K | +47.7% |
| Fairmont | $110K | $162.5K | +47.7% |
Housing Supply in Fairmont Township, NC
How many homes are available in Fairmont Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 19 | 0.0% |
Summary: The Fairmont Township real estate market had 19 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Fairmont 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 decreased by 33.3%, 3 bedroom homes decreased by 30%, 4 bedroom homes increased by 80%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fairmont Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Fairmont Township in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Fairmont Township, NC
How long does it take to sell a home in Fairmont Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 190 Days | 28 Days | -85.0% |
Summary: Homes in Fairmont Township had an average of 28 days on market in May 2024, down by 85% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fairmont Township has remained consistent over time.
Summary: During May 2024, 3 homes were sold in Fairmont Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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