Is Fairport Harbor, OH 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 Harbor has remained a Seller's Market.
Key Takeaway
Fairport Harbor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairport Harbor, OH
How much do homes in Fairport Harbor, OH cost?
Median Sold Price
$179,950
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fairport Harbor have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Fairport Harbor was $179,950 in May 2024, up 12.5% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $123.7K | N/A |
| 2 Bedrooms | $135K | $218K | +61.5% |
| 3 Bedrooms | $170K | $179.9K | +5.8% |
| 4 Bedrooms | $192.5K | $195K | +1.3% |
| 5+ Bedrooms | $239.9K | $795K | +231.4% |
Summary: Fairport Harbor 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 61.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 231.4%.
Median Sold Price Compared To Nearby Cities
| Fairport Harbor | $159.9K | $179.9K | +12.5% |
| Painesville Township | $186.3K | $198.6K | +6.6% |
| Painesville | $188.3K | $196.8K | +4.5% |
Housing Supply in Fairport Harbor, OH
How many homes are available in Fairport Harbor, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Summary: The Fairport Harbor real estate market had 12 homes for sale in May 2024, a 20.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Fairport Harbor housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairport Harbor, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Fairport Harbor in May 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Fairport Harbor, OH
How long does it take to sell a home in Fairport Harbor, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 39 Days | +391.7% |
Summary: Homes in Fairport Harbor had an average of 39 days on market in May 2024, up by 391.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairport Harbor are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Fairport Harbor; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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