Real Estate Market Update for Fairlawn, OH
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 50% from one year earlier, and down 24% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 190-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 74%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 190-thousand dollars. The number of units sold decreased 33% year-over-year, and decreased 50% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Fairlawn, OH
Area Information for Fairlawn, OH
  • Population: 7,477
  • Median Age: 45.3 yr
  • Median Commute Time: 21 mins
  • Educational Climate*: 5
  • Sales Tax: 0%
  • Population Density: 1,670/sq mi
  • Population Change Since 2000: 1.05%
  • Closest Airport: Akron-canton Regional
  • Closest College: University Of Akron
  • Closest Jr. College: Ohio College Of Massotherapy
  • Median Household Income: $69,436
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $231,000
  • Closest Major Sports Team: Akron Rubberducks
  • Change Avg. Household Income Since 2000: 13.59%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Fairlawn, OH
Median Age: 45.3 Married: 41% Number of Households: 3,207 Households with Children: 684
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Fairlawn, OH

      School Name Distance Type Grades School Rating Parent Rating
      Judith A Resnik Community Learning Center 0.3 mi Public K-5 2 0
      Case Elementary School 0.6 mi Public PRESCHOOL-5 1 0
      Litchfield Middle School 0.8 mi Public 6-8 1 0
      Essex Preschool 1.2 mi Public PRESCHOOL-PRESCHOOL 0 0
      St Paul Nursery School 1.3 mi Private PRESCHOOL-PRESCHOOL 0 0
      St. Sebastian Elementary School 1.3 mi Catholic K-8 0 0
      Our Lady Of The Elms Elementary School 1.4 mi Catholic PRESCHOOL-5 0 0
      St. Hilary Elementary School 1.4 mi Catholic K-8 0 0
      Our Lady Of The Elms High School 1.5 mi Catholic PRESCHOOL-12 0 0
      Akron First Acedamy And Preschool 1.6 mi Private PRESCHOOL-6 0 0
      Herberich Primary Elementary School 1.9 mi Public PRESCHOOL-4 5 0
      Kids Country School 2.4 mi Private PRESCHOOL-K 0 0
      Fort Island Primary Elementary School 2.4 mi Public K-4 4 0
      Akron Montessori Elementary School 3.4 mi Private PRESCHOOL-3 0 0
      Old Trail School 4.7 mi Private PRESCHOOL-8 0 0
      Bath Elementary School 4.7 mi Public 4-5 5 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Fairlawn, OH
        Data powered by Attom Data Solutions. Copyright© 2020. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.