Is Fayetteville, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fayetteville is a neutral'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

+$55,375(+15.3%)

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

# BEDSNov 2022Nov 2023CHANGE
1 --
N/A
2 $225K$270K
+20.0%
3 $299K$340K
+13.7%
4 $415K$439.4K
+5.9%
5+ $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
+15.3%
Peachtree City-Tyrone
+13.0%

Housing Supply in Fayetteville, GA

How many homes are available in Fayetteville, GA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
330337+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

# BEDSOct 2023Nov 2023CHANGE
1 00
0.0%
2 1712
-29.4%
3 107105
-1.9%
4 127129
+1.6%
5+ 7991
+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 2023Nov 2023CHANGE
7457-23.0%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2022Nov 2023CHANGE
23 Days37 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 10 Days Ago

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