The median sales price for a single-family home in Fairfield County during December was $205,000. That’s an increase of 2.5% compared with December 2020, according to a USA TODAY Network localized analysis generated with data from Realtor.com.
December prices are down from $255,000 the previous month.
The number of houses sold rose by 32.5% from a year earlier. A total of 102 houses were sold countywide during the month of December. During the same period a year earlier, 77 single-family homes were sold.
Real estate sales can take weeks or months to be recorded and collected. This is the latest data made available through Realtor.com to the USA TODAY Network.
Condominiums and townhomes sold in December had a median sales price of $355,000. That figure represents a 20.3% increase year over year. In Fairfield County, 36 were sold, up 260% from a year earlier.
How hot is Fairfield County’s real estate market in Ohio?
Information on your local housing markets is available through the USA TODAY Network, with more data from Realtor.com.
The top 10% of the properties sold had prices of at least $457,000, up 29.8% from a year before.
In December, one property sold for $1 million or more: One condominium or townhome.
The median home sale price — the midway point of all the houses or units sold over a period of time — is used in this report instead of the average home sale price because experts say the median offers a more accurate view of what’s happening in a market. In finding the average price, all prices of homes sold are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Localized versions are generated for communities where the data quality and transaction volume meets Realtor.com and USA TODAY Network standards. The story was written by Sean Lahman.
This article originally appeared on Lancaster Eagle-Gazette: Fairfield County’s average home sold for a higher price year over year