faerie vs mythical place

faerie and mythical place both are nouns.

Word	Noun	Adjective	Verb	Adverb
faerie	Yes	No	No	No
mythical place	Yes	No	No	No

As nouns, mythical place is a hypernym of faerie; that is, mythical place is a word with a broader meaning than faerie:

faerie: the enchanted realm of fairies
mythical place: a place that exists only in imagination; a place said to exist in fictional or religious writings

Other hypernyms of faerie include fictitious place, imaginary place.

faerie (noun)	mythical place (noun)
the enchanted realm of fairies	a place that exists only in imagination; a place said to exist in fictional or religious writings
a small being, human in form, playful and having magical powers