Is Central Fayetteville, NC 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, Central Fayetteville has remained a Seller's Market.
Housing Prices in Central Fayetteville, NC
How much do homes in Central Fayetteville, NC cost?
Median Sold Price
$247,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Central Fayetteville was $247,000 in May 2024, down 1.2% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $140K | -26.3% |
2 Bedrooms | $134.5K | $148.9K | +10.7% |
3 Bedrooms | $239.9K | $245.6K | +2.4% |
4 Bedrooms | $336.5K | $321K | -4.6% |
5+ Bedrooms | $395K | $455.8K | +15.4% |
Summary: Central Fayetteville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.3%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 15.4%.
Median Sold Price Compared To Nearby Neighborhoods
Savoy Heights | $100.8K | $128K | +26.9% |
Central Fayetteville | $250K | $247K | -1.2% |
Downtown | $181.7K | $176.9K | -2.6% |
Haymount | $308K | $268K | -13.0% |
Housing Supply in Central Fayetteville, NC
How many homes are available in Central Fayetteville, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
152 | 170 | +11.8% |
Summary: The Central Fayetteville real estate market had 170 homes for sale in May 2024, a 11.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 31 | 33 | +6.5% |
3 Bedrooms | 72 | 82 | +13.9% |
4 Bedrooms | 36 | 39 | +8.3% |
5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Central Fayetteville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 29 | -19.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Central Fayetteville in May 2024, down by 19.4% month-over-month. Of the 29 sold homes, 34% were sold under asking, 45% were sold at asking, and 21% were sold over asking.
Days on Market for Central Fayetteville, NC
How long does it take to sell a home in Central Fayetteville, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
59 Days | 26 Days | -55.4% |
Summary: Homes in Central Fayetteville had an average of 26 days on market in May 2024, down by 55.4% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 29 homes were sold in Central Fayetteville; 76% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.