Is Central Fayetteville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Central Fayetteville has remained a Seller's Market.
Housing Prices in Central Fayetteville, NC
How much do homes in Central Fayetteville, NC cost?
Median Sold Price
$248,750
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Central Fayetteville was $248,750 in April 2024, down 1.5% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $193K | $80K | -58.5% |
2 Bedrooms | $136.3K | $136.5K | 0.1% |
3 Bedrooms | $241K | $244.9K | +1.6% |
4 Bedrooms | $330.5K | $324K | -2.0% |
5+ Bedrooms | $392.7K | $451.4K | +14.9% |
Summary: Central Fayetteville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 58.5%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 14.9%.
Median Sold Price Compared To Nearby Neighborhoods
Central Fayetteville | $252.5K | $248.7K | -1.5% |
Downtown | $190K | $182.5K | -3.9% |
Haymount | $309.7K | $274.5K | -11.4% |
Housing Supply in Central Fayetteville, NC
How many homes are available in Central Fayetteville, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
144 | 151 | +4.9% |
Summary: The Central Fayetteville real estate market had 151 homes for sale in April 2024, a 4.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 32 | 31 | -3.1% |
3 Bedrooms | 71 | 70 | -1.4% |
4 Bedrooms | 32 | 39 | +21.9% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Central Fayetteville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 33 | -5.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Central Fayetteville in April 2024, down by 5.7% month-over-month. Of the 33 sold homes, 39% were sold under asking, 24% were sold at asking, and 36% were sold over asking.
Days on Market for Central Fayetteville, NC
How long does it take to sell a home in Central Fayetteville, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 36 Days | -42.4% |
Summary: Homes in Central Fayetteville had an average of 36 days on market in Apr 2024, down by 42.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 33 homes were sold in Central Fayetteville; 58% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.