Is Fayetteville, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Fayetteville was a Seller's Market.
Key Takeaway
Fayetteville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Fayetteville, NY
How much do homes in Fayetteville, NY cost?
Median Sold Price
$358,700
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fayetteville have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Fayetteville was $358,700 in May 2024, up 12.4% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | - | N/A |
| 2 Bedrooms | $250K | $319.9K | +28.0% |
| 3 Bedrooms | $282.5K | $273.3K | -3.3% |
| 4 Bedrooms | $323K | $400K | +23.8% |
| 5+ Bedrooms | $518.7K | $448.5K | -13.5% |
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 increased by 28%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes decreased by 13.5%.
Housing Supply in Fayetteville, NY
How many homes are available in Fayetteville, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 38 | -15.6% |
Summary: The Fayetteville real estate market had 38 homes for sale in May 2024, a 15.6% decrease 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 | 6 | 0 | -100.0% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
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 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fayetteville, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Fayetteville in May 2024, down by 40.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Fayetteville, NY
How long does it take to sell a home in Fayetteville, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 20 Days | +31.2% |
Summary: Homes in Fayetteville had an average of 20 days on market in May 2024, up by 31.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was 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, 6 homes were sold in Fayetteville; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
