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.
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, 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
Key Takeaway
Homes in Fayetteville have sold for 15.3% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Fayetteville, you may be able to get a good deal. 68.6% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Fayetteville are selling fast, if you're buying plan to act quickly.
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.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.