Is Fayetteville, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2022
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.
How much do homes in Fayetteville, AR cost?
Median Sold Price
$354,923
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
+$46,731(+15.2%)
Key Takeaway
Homes in Fayetteville have sold for 15.2% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | $179K | $190K | +6.1% |
| 2 Bedrooms | $225K | $249.7K | +11.0% |
| 3 Bedrooms | $269.9K | $313.5K | +16.2% |
| 4 Bedrooms | $398.4K | $445K | +11.7% |
| 5+ Bedrooms | $643K | $550K | -14.5% |
Median Sold Price Compared To Nearby Cities
| Johnson | $288.5K | $339.5K | +17.7% |
| Johnson Township | $296.2K | $347.9K | +17.5% |
| Prairie Township | $515.5K | $597.4K | +15.9% |
| Fayetteville Township | $308.2K | $355.9K | +15.5% |
| Fayetteville | $308.1K | $354.9K | +15.2% |
How many homes are available in Fayetteville, AR?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 477 | 460 | -3.6% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 31 | 43 | +38.7% |
| 3 Bedrooms | 230 | 204 | -11.3% |
| 4 Bedrooms | 157 | 160 | +1.9% |
| 5+ Bedrooms | 53 | 48 | -9.4% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 113 | 147 | +30.1% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
57 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fayetteville, expect to pay close to the asking price. 38.8% of homes here sold near the asking price last month.
How long does it take to sell a home in Fayetteville, AR?
How long does it take to sell a home in Fayetteville, AR?
Average Sale Time
| May 2022 | May 2023 | % |
|---|---|---|
| 57 Days | 96 Days | +67.2% |
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
63 Homes Were Sold
In 30 - 90 Days
54 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fayetteville has remained consistent over time.
Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2023 Northwest Arkansas Board of Realtors All rights reserved.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2023 Cooperative Arkansas Realtors MLS. All Rights Reserved.