Is Fayette, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Fayette has remained a Neutral Market.
Housing Prices in Fayette, NY
How much do homes in Fayette, NY cost?
Median Sold Price
$394,450
$191/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Fayette was $394,450 in March 2024, up 182.3% from last month, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $139.7K | $259.9K | +86.0% |
4 Bedrooms | - | $529K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Fayette housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 86%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Fayette, NY
How many homes are available in Fayette, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 12 | -7.7% |
Summary: The Fayette real estate market had 12 homes for sale in March 2024, a 7.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 7 | 4 | -42.9% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Fayette housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 42.9%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Fayette in March 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Fayette, NY
How long does it take to sell a home in Fayette, NY?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 Days | 27 Days | +7.8% |
Summary: Homes in Fayette had an average of 27 days on market in Mar 2024, up by 7.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Fayette; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.