Is Fayette County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fayette County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Fayette County has remained a Seller's Market.

Key Takeaway

Fayette County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Fayette County, IN

How much do homes in Fayette County, IN cost?

Median Sold Price

$145,000

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$12,500(-7.9%)

Key Takeaway

Homes in Fayette County have sold for 7.9% less than they did a year ago.

Summary: The median home sold price in Fayette County was $145,000 in May 2024, down 7.9% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $104.2K$33K
-68.3%
3 $165K$152K
-7.9%
4 $192.9K$172.4K
-10.6%
5+ $199.9K$532.5K
+166.4%

Summary: Fayette County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 68.3%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes increased by 166.4%.

Median Sold Price Compared To Nearby Counties

Fayette County
-7.9%
Rush County
-8.1%

Housing Supply in Fayette County, IN

How many homes are available in Fayette County, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
109-10.0%

Summary: The Fayette County real estate market had 9 homes for sale in May 2024, a 10.0% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 66
0.0%
4 33
0.0%
5+ 00
0.0%

Summary: The Fayette County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fayette County, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Fayette County in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Fayette County, IN

How long does it take to sell a home in Fayette County, IN?

Average Sale Time

May 2023May 2024CHANGE
8 Days32 Days+277.9%

Summary: Homes in Fayette County had an average of 32 days on market in May 2024, up by 277.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fayette County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 4 homes were sold in Fayette County; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Fayette County, IN

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