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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fayetteville is a seller's market

Buyer's
Market

Difference Since May 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, NC

How much do homes in Fayetteville, NC cost?

Median Sold Price

$225,046

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$10,443(+4.9%)

Key Takeaway

Homes in Fayetteville have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in Fayetteville was $225,046 in May 2024, up 4.9% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $68K$78K
+14.7%
2 $116.7K$128K
+9.6%
3 $190K$209.7K
+10.4%
4 $309.7K$308.9K
-0.3%
5+ $397K$430K
+8.3%

Summary: Fayetteville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.7%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 8.3%.

Median Sold Price Compared To Nearby Cities

Pearces Mill Township
+10.5%
Seventy-First Township
+9.8%
Cross Creek Township
+5.3%
Fayetteville
+4.9%

Housing Supply in Fayetteville, NC

How many homes are available in Fayetteville, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1,2461,203-3.5%

Summary: The Fayetteville real estate market had 1,203 homes for sale in May 2024, a 3.5% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 45
+25.0%
2 118111
-5.9%
3 662618
-6.6%
4 374374
0.0%
5+ 8895
+8.0%

Summary: The Fayetteville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 8%.

Number of Homes Sold

Apr 2024May 2024CHANGE
370317-14.3%

Asking Price vs. Sold Price

112 Homes Were Sold
Under Asking

125 Homes Were Sold
At Asking

80 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fayetteville, expect to pay close to the asking price. 39.4% of homes here sold near the asking price last month.

Summary: A total of 317 homes were sold or pending in Fayetteville in May 2024, down by 14.3% month-over-month. Of the 317 sold homes, 35% were sold under asking, 39% were sold at asking, and 25% were sold over asking.

Days on Market for Fayetteville, NC

How long does it take to sell a home in Fayetteville, NC?

Average Sale Time

May 2023May 2024CHANGE
61 Days19 Days-68.9%

Summary: Homes in Fayetteville had an average of 19 days on market in May 2024, down by 68.9% compared to last year.

Breakdown of Home Sale Times

263 Homes Were Sold
Under 30 Days

36 Homes Were Sold
In 30 - 90 Days

18 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 May 2024, 317 homes were sold in Fayetteville; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 6% 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 18 Days Ago

Newest Listings in Fayetteville, NC

Nearby Markets to Fayetteville, NC

What housing markets are near Fayetteville, NC?