Is Fayetteville Township, 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 Township has remained a Seller's Market.
Key Takeaway
Fayetteville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fayetteville Township, AR
How much do homes in Fayetteville Township, AR cost?
Median Sold Price
$372,875
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fayetteville Township have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Fayetteville Township was $372,875 in March 2024, up 4.4% 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 | $315.1K | $323K | +2.5% |
| 4 Bedrooms | $453.9K | $497K | +9.5% |
| 5+ Bedrooms | $555.9K | $695K | +25.0% |
Summary: Fayetteville Township 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 2.5%, 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 Township, AR
How many homes are available in Fayetteville Township, AR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 426 | 459 | +7.7% |
Summary: The Fayetteville Township 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 Township 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
Key Takeaway
If you're buying a home in Fayetteville Township, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 95 homes were sold or pending in Fayetteville Township 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 Township, AR
How long does it take to sell a home in Fayetteville Township, AR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 125 Days | 73 Days | -41.3% |
Summary: Homes in Fayetteville Township 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
Key Takeaway
Avg time on Rocket Homes in Fayetteville Township has remained consistent over time.
Summary: During March 2024, 95 homes were sold in Fayetteville Township; 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.
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 © 2024 Northwest Arkansas Board of Realtors All rights reserved.