Is Fayetteville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$226,363
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Fayetteville have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Fayetteville was $226,363 in June 2024, up 5.2% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $72.5K | $77.9K | +7.4% |
| 2 Bedrooms | $120K | $128K | +6.7% |
| 3 Bedrooms | $190.6K | $210K | +10.2% |
| 4 Bedrooms | $310K | $309.7K | -0.1% |
| 5+ Bedrooms | $400K | $425K | +6.3% |
Summary: Fayetteville housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 6.3%.
Median Sold Price Compared To Nearby Cities
| Pearces Mill Township | $191.2K | $213.6K | +11.7% |
| Seventy-First Township | $197.4K | $214.9K | +8.9% |
| Fayetteville | $215.2K | $226.3K | +5.2% |
| Cross Creek Township | $209.7K | $220.4K | +5.1% |
Housing Supply in Fayetteville, NC
How many homes are available in Fayetteville, NC?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1,304 | 1,239 | -5.0% |
Summary: The Fayetteville real estate market had 1,239 homes for sale in June 2024, a 5.0% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 113 | 105 | -7.1% |
| 3 Bedrooms | 675 | 667 | -1.2% |
| 4 Bedrooms | 405 | 363 | -10.4% |
| 5+ Bedrooms | 106 | 99 | -6.6% |
Summary: The Fayetteville housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 10.4%, and 5+ bedroom homes decreased by 6.6%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 377 | 288 | -23.6% |
Asking Price vs. Sold Price
97 Homes Were Sold
Under Asking
98 Homes Were Sold
At Asking
93 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fayetteville, expect to pay close to the asking price. 34% of homes here sold near the asking price last month.
Summary: A total of 288 homes were sold or pending in Fayetteville in June 2024, down by 23.6% month-over-month. Of the 288 sold homes, 34% were sold under asking, 34% were sold at asking, and 32% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 63 Days | 26 Days | -58.4% |
Summary: Homes in Fayetteville had an average of 26 days on market in Jun 2024, down by 58.4% compared to last year.
Breakdown of Home Sale Times
220 Homes Were Sold
Under 30 Days
46 Homes Were Sold
In 30 - 90 Days
22 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 June 2024, 288 homes were sold in Fayetteville; 76% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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