Is Fayetteville, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Fayetteville was a Seller's Market.
Housing Prices in Fayetteville, GA
How much do homes in Fayetteville, GA cost?
Median Sold Price
$417,375
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Summary: The median home sold price in Fayetteville was $417,375 in November 2023, up 15.3% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $225K | $270K | +20.0% |
3 Bedrooms | $299K | $340K | +13.7% |
4 Bedrooms | $415K | $439.4K | +5.9% |
5+ Bedrooms | $484K | $591K | +22.1% |
Summary: Fayetteville housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 22.1%.
Median Sold Price Compared To Nearby Cities
Fayetteville | $362K | $417.3K | +15.3% |
Peachtree City-Tyrone | $508.6K | $574.5K | +13.0% |
Housing Supply in Fayetteville, GA
How many homes are available in Fayetteville, GA?
Number of Homes For Sale
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
330 | 337 | +2.1% |
Summary: The Fayetteville real estate market had 337 homes for sale in November 2023, a 2.1% increase compared to October 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 17 | 12 | -29.4% |
3 Bedrooms | 107 | 105 | -1.9% |
4 Bedrooms | 127 | 129 | +1.6% |
5+ Bedrooms | 79 | 91 | +15.2% |
Summary: The Fayetteville housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 29.4%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 15.2%.
Number of Homes Sold
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
74 | 57 | -23.0% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 57 homes were sold or pending in Fayetteville in November 2023, down by 23.0% month-over-month. Of the 51 sold homes, 69% were sold under asking, 20% were sold at asking, and 12% were sold over asking.
Days on Market for Fayetteville, GA
How long does it take to sell a home in Fayetteville, GA?
Average Sale Time
Nov 2022 | Nov 2023 | CHANGE |
---|---|---|
23 Days | 37 Days | +60.2% |
Summary: Homes in Fayetteville had an average of 37 days on market in Nov 2023, up by 60.2% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During November 2023, 57 homes were sold in Fayetteville; 63% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.