Is Fayetteville, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fayetteville has remained a Seller's Market.
Key Takeaway
Fayetteville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fayetteville, GA
How much do homes in Fayetteville, GA cost?
Median Sold Price
$436,809
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fayetteville have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Fayetteville was $436,809 in May 2024, up 8.9% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $290K | $260K | -10.3% |
| 3 Bedrooms | $328.1K | $350.3K | +6.8% |
| 4 Bedrooms | $422.5K | $454.3K | +7.5% |
| 5+ Bedrooms | $570K | $630.7K | +10.7% |
Summary: Fayetteville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.3%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
| Peachtree City-Tyrone | $540.3K | $598K | +10.7% |
| Fayetteville | $401K | $436.8K | +8.9% |
Housing Supply in Fayetteville, GA
How many homes are available in Fayetteville, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 366 | 391 | +6.8% |
Summary: The Fayetteville real estate market had 391 homes for sale in May 2024, a 6.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 21 | 19 | -9.5% |
| 3 Bedrooms | 120 | 123 | +2.5% |
| 4 Bedrooms | 143 | 156 | +9.1% |
| 5+ Bedrooms | 82 | 93 | +13.4% |
Summary: The Fayetteville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 13.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 91 | 90 | -1.1% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fayetteville, you may be able to get a good deal. 38.8% of homes here sold below asking price last month.
Summary: A total of 90 homes were sold or pending in Fayetteville in May 2024, down by 1.1% month-over-month. Of the 80 sold homes, 39% were sold under asking, 36% were sold at asking, and 25% were sold over asking.
Days on Market for Fayetteville, GA
How long does it take to sell a home in Fayetteville, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 21 Days | -26.2% |
Summary: Homes in Fayetteville had an average of 21 days on market in May 2024, down by 26.2% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fayetteville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 90 homes were sold in Fayetteville; 73% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.