Is Fayetteville, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Fayetteville has remained a Seller's Market.
Housing Prices in Fayetteville, AR
How much do homes in Fayetteville, AR cost?
Median Sold Price
$372,875
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fayetteville was $372,875 in March 2024, up 4.2% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $181.2K | $237.5K | +31.0% |
2 Bedrooms | $251K | $284.4K | +13.3% |
3 Bedrooms | $315K | $323K | +2.6% |
4 Bedrooms | $453.9K | $496.9K | +9.5% |
5+ Bedrooms | $555.9K | $695K | +25.0% |
Summary: Fayetteville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
Prairie Township | $599.9K | $643K | +7.2% |
Fayetteville Township | $357.2K | $372.8K | +4.4% |
Fayetteville | $357.6K | $372.8K | +4.2% |
Housing Supply in Fayetteville, AR
How many homes are available in Fayetteville, AR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
426 | 459 | +7.7% |
Summary: The Fayetteville real estate market had 459 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 8 | +100.0% |
2 Bedrooms | 47 | 52 | +10.6% |
3 Bedrooms | 204 | 208 | +2.0% |
4 Bedrooms | 144 | 161 | +11.8% |
5+ Bedrooms | 27 | 30 | +11.1% |
Summary: The Fayetteville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
84 | 95 | +13.1% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 95 homes were sold or pending in Fayetteville in March 2024, up by 13.1% month-over-month. Of the 95 sold homes, 47% were sold under asking, 35% were sold at asking, and 18% were sold over asking.
Days on Market for Fayetteville, AR
How long does it take to sell a home in Fayetteville, AR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
125 Days | 73 Days | -41.3% |
Summary: Homes in Fayetteville had an average of 73 days on market in Mar 2024, down by 41.3% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
50 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Summary: During March 2024, 95 homes were sold in Fayetteville; 22% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.