Is Fairhope, PA 15538 a buyer’s or seller’s market?
Fairhope is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Fairhope housing market right now
In the three months ending August 31, 2026, 0% of homes in Fairhope, PA 15538 sold above their list price and the typical home went under contract in 40 days. With only 2 sales, these figures can swing a lot from month to month.
Within Somerset County, homes here sell faster than in 70% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Cairnbrook 15924 (100% sold over asking) and Boswell 15531 (50% sold over asking) are even more competitive.
Run the numbers for 15538
Nearby markets
Addison 15411Buyer’s market $245 /sq ftBerlin 15530Balanced $122 /sq ftBoswell 15531Seller’s market $128 /sq ftCairnbrook 15924Seller’s market $97 /sq ft Browse all markets →Where Fairhope is
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Questions about Fairhope real estate
How fast do homes sell in Fairhope?
The typical home went under contract in 40 days in the latest three months.
Do homes in Fairhope sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 99.2% of the list price.
What are property taxes in Fairhope?
About 0.98% of a home’s value a year in Somerset County, or roughly $3,920 on a $400,000 home.
What is the median home price in Fairhope?
The median sale price was $1,470,614 in the three months ending August 31, 2026, about $366 per square foot.
Local agents
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More tools for 15538
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology