Is Fayetteville, GA 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.
Key Takeaway
Fayetteville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fayetteville, GA
How much do homes in Fayetteville, GA cost?
Median Sold Price
$440,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fayetteville have sold for 17.8% more than they did a year ago.
Summary: The median home sold price in Fayetteville was $440,000 in March 2024, up 17.8% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $249.7K | $262.5K | +5.1% |
| 3 Bedrooms | $307.9K | $350K | +13.7% |
| 4 Bedrooms | $415K | $453.2K | +9.2% |
| 5+ Bedrooms | $510K | $622.5K | +22.1% |
Summary: Fayetteville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 22.1%.
Median Sold Price Compared To Nearby Cities
| Fayetteville | $373.5K | $440K | +17.8% |
| Peachtree City-Tyrone | $528.9K | $584.3K | +10.5% |
Housing Supply in Fayetteville, GA
How many homes are available in Fayetteville, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 302 | 336 | +11.3% |
Summary: The Fayetteville real estate market had 336 homes for sale in March 2024, a 11.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 15 | +50.0% |
| 3 Bedrooms | 86 | 112 | +30.2% |
| 4 Bedrooms | 120 | 133 | +10.8% |
| 5+ Bedrooms | 86 | 76 | -11.6% |
Summary: The Fayetteville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 30.2%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes decreased by 11.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 74 | 64 | -13.5% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fayetteville, you may be able to get a good deal. 44.1% of homes here sold below asking price last month.
Summary: A total of 64 homes were sold or pending in Fayetteville in March 2024, down by 13.5% month-over-month. Of the 59 sold homes, 44% were sold under asking, 32% were sold at asking, and 24% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 32 Days | -5.4% |
Summary: Homes in Fayetteville had an average of 32 days on market in Mar 2024, down by 5.4% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
7 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 March 2024, 64 homes were sold in Fayetteville; 63% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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