Is Fairfield Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Fairfield Township has remained a Seller's Market.
Housing Prices in Fairfield Township, IN
How much do homes in Fairfield Township, IN cost?
Median Sold Price
$250,000
$142/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Fairfield Township was $250,000 in May 2024, up 18.5% from last month, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $77K | N/A |
2 Bedrooms | $211K | - | N/A |
3 Bedrooms | $205K | $224.5K | +9.5% |
4 Bedrooms | - | $286K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Fairfield Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 9.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Fairfield Township | $211K | $250K | +18.5% |
Lafayette | $230K | $261K | +13.5% |
Housing Supply in Fairfield Township, IN
How many homes are available in Fairfield Township, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 52 | +108.0% |
Summary: The Fairfield Township real estate market had 52 homes for sale in May 2024, a 108.0% 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 | 5 | 9 | +80.0% |
3 Bedrooms | 13 | 26 | +100.0% |
4 Bedrooms | 7 | 15 | +114.3% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Fairfield Township 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 increased by 80%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 114.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 15 | +150.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Fairfield Township in May 2024, up by 150.0% month-over-month. Of the 15 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Fairfield Township, IN
How long does it take to sell a home in Fairfield Township, IN?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 Days | 91 Days | +2955.6% |
Summary: Homes in Fairfield Township had an average of 91 days on market in May 2024, up by 2955.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Fairfield Township; 7% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.